Sequoia Financial Advisors LLC raised its holdings in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 14.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,400 shares of the industrial products company’s stock after buying an additional 1,470 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Roper Technologies were worth $5,075,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ROP. Gateway Investment Advisers LLC lifted its stake in shares of Roper Technologies by 2.9% in the 4th quarter. Gateway Investment Advisers LLC now owns 2,401 shares of the industrial products company’s stock valued at $1,069,000 after purchasing an additional 67 shares in the last quarter. Praxis Investment Management Inc. lifted its stake in shares of Roper Technologies by 27.4% in the 4th quarter. Praxis Investment Management Inc. now owns 6,340 shares of the industrial products company’s stock valued at $2,822,000 after purchasing an additional 1,364 shares in the last quarter. Robeco Schweiz AG lifted its stake in shares of Roper Technologies by 50.5% in the 4th quarter. Robeco Schweiz AG now owns 63,460 shares of the industrial products company’s stock valued at $28,248,000 after purchasing an additional 21,290 shares in the last quarter. Encompass More Asset Management lifted its stake in shares of Roper Technologies by 49.2% in the 4th quarter. Encompass More Asset Management now owns 867 shares of the industrial products company’s stock valued at $386,000 after purchasing an additional 286 shares in the last quarter. Finally, LaFleur & Godfrey LLC lifted its stake in shares of Roper Technologies by 40.6% in the 4th quarter. LaFleur & Godfrey LLC now owns 3,007 shares of the industrial products company’s stock valued at $1,339,000 after purchasing an additional 869 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Price Performance
Shares of NASDAQ ROP opened at $343.32 on Friday. Roper Technologies, Inc. has a fifty-two week low of $313.07 and a fifty-two week high of $584.03. The business has a 50 day moving average price of $354.83 and a two-hundred day moving average price of $398.21. The company has a quick ratio of 0.49, a current ratio of 0.53 and a debt-to-equity ratio of 0.52. The firm has a market cap of $34.65 billion, a PE ratio of 21.44, a price-to-earnings-growth ratio of 1.61 and a beta of 0.81.
Roper Technologies Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 22nd. Shareholders of record on Monday, April 6th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Monday, April 6th. Roper Technologies’s dividend payout ratio (DPR) is 22.74%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. Jefferies Financial Group set a $500.00 price objective on Roper Technologies in a research note on Wednesday, January 28th. Royal Bank Of Canada lifted their price objective on Roper Technologies from $393.00 to $407.00 and gave the company a “sector perform” rating in a research note on Friday, April 24th. Oppenheimer reiterated a “market perform” rating on shares of Roper Technologies in a report on Wednesday, January 28th. JPMorgan Chase & Co. dropped their target price on Roper Technologies from $457.00 to $397.00 and set an “underweight” rating on the stock in a report on Wednesday, January 28th. Finally, Mizuho dropped their target price on Roper Technologies from $419.00 to $365.00 and set an “underperform” rating on the stock in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, Roper Technologies currently has an average rating of “Hold” and an average price target of $472.07.
View Our Latest Stock Analysis on Roper Technologies
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.
Further Reading
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