Evelyn Partners Investment Management LLP cut its stake in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 77.7% in the 1st quarter, Holdings Channel reports. The fund owned 12,717 shares of the industrial products company’s stock after selling 44,426 shares during the quarter. Evelyn Partners Investment Management LLP’s holdings in Roper Technologies were worth $4,500,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Triumph Capital Management purchased a new position in shares of Roper Technologies in the 3rd quarter worth about $25,000. Private Wealth Management Group LLC raised its holdings in shares of Roper Technologies by 195.8% during the 1st quarter. Private Wealth Management Group LLC now owns 71 shares of the industrial products company’s stock valued at $25,000 after buying an additional 47 shares in the last quarter. Tucker Asset Management LLC bought a new stake in Roper Technologies in the 4th quarter worth approximately $33,000. Kelleher Financial Advisors purchased a new stake in Roper Technologies in the third quarter worth approximately $40,000. Finally, MV Capital Management Inc. bought a new position in Roper Technologies during the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Stock Performance
Shares of ROP stock opened at $375.02 on Tuesday. The company has a market capitalization of $37.85 billion, a P/E ratio of 15.54, a PEG ratio of 1.65 and a beta of 0.76. Roper Technologies, Inc. has a fifty-two week low of $305.96 and a fifty-two week high of $564.68. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.51 and a current ratio of 0.55. The stock has a 50 day moving average price of $341.17 and a two-hundred day moving average price of $353.47.
Roper Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Wednesday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is 15.08%.
Analyst Ratings Changes
Several research firms have commented on ROP. Zacks Research downgraded shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, June 25th. Raymond James Financial lowered shares of Roper Technologies from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, July 22nd. Royal Bank Of Canada lifted their target price on shares of Roper Technologies from $407.00 to $417.00 and gave the stock a “sector perform” rating in a research report on Friday. Piper Sandler lowered their price target on shares of Roper Technologies from $540.00 to $526.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Robert W. Baird set a $480.00 price target on shares of Roper Technologies in a research report on Friday. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $466.88.
Read Our Latest Research Report on Roper Technologies
Roper Technologies 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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