ING Groep NV raised its position in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 11.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 132,570 shares of the industrial products company’s stock after purchasing an additional 13,821 shares during the quarter. ING Groep NV owned 0.12% of Roper Technologies worth $59,011,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Dearborn Partners LLC grew its stake in Roper Technologies by 99.8% during the 4th quarter. Dearborn Partners LLC now owns 1,135 shares of the industrial products company’s stock valued at $505,000 after acquiring an additional 567 shares in the last quarter. Vestcor Inc grew its stake in Roper Technologies by 3.7% during the 4th quarter. Vestcor Inc now owns 5,517 shares of the industrial products company’s stock valued at $2,456,000 after acquiring an additional 198 shares in the last quarter. OneAscent Financial Services LLC purchased a new position in Roper Technologies during the 4th quarter valued at about $329,000. Pinebridge Investments LLC purchased a new position in Roper Technologies during the 4th quarter valued at about $9,050,000. Finally, WINTON GROUP Ltd grew its stake in Roper Technologies by 714.4% during the 4th quarter. WINTON GROUP Ltd now owns 13,194 shares of the industrial products company’s stock valued at $5,873,000 after acquiring an additional 11,574 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Stock Up 0.1%
ROP stock opened at $332.18 on Friday. 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 $576.49. The company has a fifty day simple moving average of $343.71 and a 200 day simple moving average of $378.97. The firm has a market cap of $33.52 billion, a PE ratio of 20.75, a PEG ratio of 1.51 and a beta of 0.77.
Roper Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, July 8th. Roper Technologies’s dividend payout ratio (DPR) is presently 22.74%.
Wall Street Analysts Forecast Growth
ROP has been the topic of several research analyst reports. Zacks Research upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Robert W. Baird increased their price objective on Roper Technologies from $464.00 to $470.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Royal Bank Of Canada increased their price objective on Roper Technologies from $393.00 to $407.00 and gave the stock a “sector perform” rating in a report on Friday, April 24th. Barclays cut their price objective on Roper Technologies from $380.00 to $373.00 and set an “underweight” rating for the company in a report on Friday, April 24th. Finally, Piper Sandler increased their price objective on Roper Technologies from $530.00 to $540.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $472.07.
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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