Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 59.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,678 shares of the industrial products company’s stock after buying an additional 37,750 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Roper Technologies were worth $35,980,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in the stock. Hutchens & Kramer Investment Management Group LLC raised its stake in shares of Roper Technologies by 2.3% in the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,003 shares of the industrial products company’s stock valued at $446,000 after acquiring an additional 23 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in Roper Technologies by 1.0% during the third quarter. Brown Brothers Harriman & Co. now owns 2,236 shares of the industrial products company’s stock worth $1,115,000 after purchasing an additional 23 shares during the period. Promus Capital LLC grew its holdings in Roper Technologies by 1.5% during the third quarter. Promus Capital LLC now owns 1,640 shares of the industrial products company’s stock valued at $818,000 after purchasing an additional 25 shares during the last quarter. Harbor Investment Advisory LLC grew its holdings in Roper Technologies by 5.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 460 shares of the industrial products company’s stock valued at $205,000 after purchasing an additional 25 shares during the last quarter. Finally, SeaCrest Wealth Management LLC raised its position in shares of Roper Technologies by 6.2% in the third quarter. SeaCrest Wealth Management LLC now owns 429 shares of the industrial products company’s stock valued at $223,000 after purchasing an additional 25 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.
Roper Technologies Stock Up 2.7%
ROP opened at $364.20 on Friday. The business has a 50 day moving average of $336.19 and a 200-day moving average of $363.96. The stock has a market capitalization of $36.76 billion, a price-to-earnings ratio of 22.75, a P/E/G ratio of 1.62 and a beta of 0.76. The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 0.52. Roper Technologies, Inc. has a 1-year low of $305.96 and a 1-year high of $575.77.
Roper Technologies Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be issued a dividend of $0.91 per share. The ex-dividend date is Wednesday, July 8th. This represents a $3.64 annualized dividend and a dividend yield of 1.0%. Roper Technologies’s payout ratio is presently 22.74%.
Analyst Upgrades and Downgrades
ROP has been the subject of several recent analyst reports. Zacks Research downgraded shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, June 25th. Robert W. Baird lifted their target price on shares of Roper Technologies from $464.00 to $470.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Piper Sandler boosted their target price on shares of Roper Technologies from $530.00 to $540.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Weiss Ratings restated a “sell (d+)” rating on shares of Roper Technologies in a report on Monday, June 8th. Finally, Barclays lowered their price target on Roper Technologies from $380.00 to $373.00 and set an “underweight” rating on the stock in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $472.07.
View Our Latest Stock Analysis on ROP
Roper Technologies Company Profile
Roper Technologies, Inc (NASDAQ: ROP) is a diversified technology company that acquires and manages businesses delivering specialized software, engineered products and data-driven analytics to niche markets. Its subsidiaries develop enterprise and cloud-based software, scientific and analytical instruments, industrial and medical devices, and other applied technologies designed to solve specific operational, regulatory and commercial challenges for customers. The company emphasizes recurring revenue streams from software licenses, subscriptions and service contracts alongside sales of hardware and instruments.
Roper operates a decentralized operating model in which acquired businesses retain entrepreneurial autonomy while benefiting from centralized capital allocation, legal and financial support.
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