Clarkston Capital Partners LLC acquired a new position in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,100 shares of the industrial products company’s stock, valued at approximately $2,270,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Roper Technologies in the fourth quarter valued at $1,112,873,000. Vanguard Group Inc. increased its position in shares of Roper Technologies by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 12,477,100 shares of the industrial products company’s stock worth $5,553,932,000 after purchasing an additional 1,384,656 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Roper Technologies by 62.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,585,732 shares of the industrial products company’s stock valued at $790,789,000 after buying an additional 610,089 shares during the period. Qube Research & Technologies Ltd raised its holdings in Roper Technologies by 131.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 750,800 shares of the industrial products company’s stock valued at $374,416,000 after buying an additional 426,648 shares during the period. Finally, Van ECK Associates Corp purchased a new stake in Roper Technologies in the 3rd quarter valued at about $200,009,000. Institutional investors and hedge funds own 93.31% of the company’s stock.
Roper Technologies Price Performance
ROP stock opened at $334.97 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. The company has a market capitalization of $33.81 billion, a PE ratio of 20.92, a P/E/G ratio of 1.52 and a beta of 0.77. Roper Technologies, Inc. has a 12-month low of $305.96 and a 12-month high of $575.77. The business’s fifty day moving average price is $341.99 and its 200 day moving average price is $375.14.
Roper Technologies Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Wednesday, July 8th. Roper Technologies’s payout ratio is currently 22.74%.
Wall Street Analyst Weigh In
ROP has been the topic of several research analyst reports. Piper Sandler boosted their price objective on shares of Roper Technologies from $530.00 to $540.00 and gave the company an “overweight” rating in a report on Friday, April 24th. Robert W. Baird boosted their price objective on shares of Roper Technologies from $464.00 to $470.00 and gave the company an “outperform” rating in a report on Friday, April 24th. Royal Bank Of Canada boosted their price objective on shares of Roper Technologies from $393.00 to $407.00 and gave the company a “sector perform” rating in a report on Friday, April 24th. Barclays reduced their price objective on shares of Roper Technologies from $380.00 to $373.00 and set an “underweight” rating on the stock in a report on Friday, April 24th. Finally, Zacks Research upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $472.07.
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.
Featured Stories
- Five stocks we like better than Roper Technologies
- SpaceX Rings the Bell and Shatters Every Record
- Adobe Stock Just Got Cheaper—Is Wall Street Missing the Story?
- 3 Dividend Stocks Under $50 That Pay You to Wait Out Inflation
- The 127-Gigawatt Problem: Why AI Needs Its Own Power
Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NASDAQ:ROP – Free Report).
Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
