Evelyn Partners Investment Management Services Ltd decreased its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 59.6% during the first quarter, Holdings Channel reports. The firm owned 4,378 shares of the industrial products company’s stock after selling 6,452 shares during the quarter. Evelyn Partners Investment Management Services Ltd’s holdings in Roper Technologies were worth $1,549,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the company. Triumph Capital Management purchased a new position in shares of Roper Technologies in the third quarter worth approximately $25,000. Private Wealth Management Group LLC grew its stake 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 acquiring an additional 47 shares during the period. Tucker Asset Management LLC bought a new position in Roper Technologies in the 4th quarter worth $33,000. Kelleher Financial Advisors purchased a new position in shares of Roper Technologies in the third quarter valued at about $40,000. Finally, MV Capital Management Inc. purchased a new position in Roper Technologies in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Price Performance
ROP opened at $375.02 on Tuesday. The firm has a market capitalization of $37.85 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 1.65 and a beta of 0.76. The business’s 50-day moving average is $341.17 and its two-hundred day moving average is $353.47. Roper Technologies, Inc. has a 1 year low of $305.96 and a 1 year high of $564.68. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.55 and a quick ratio of 0.51.
Roper Technologies Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th were paid a $0.91 dividend. The ex-dividend date was Wednesday, July 8th. This represents a $3.64 dividend on an annualized basis and a yield of 1.0%. Roper Technologies’s dividend payout ratio (DPR) is 15.08%.
Analysts Set New Price Targets
ROP has been the topic of a number of recent analyst reports. Raymond James Financial lowered shares of Roper Technologies from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, July 22nd. Zacks Research lowered shares of Roper Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, June 25th. Mizuho set a $355.00 price target on shares of Roper Technologies in a research note on Tuesday, July 21st. Piper Sandler lowered their target price on Roper Technologies from $540.00 to $526.00 and set an “overweight” rating for the company in a report on Friday. Finally, Royal Bank Of Canada lifted their price objective on Roper Technologies from $407.00 to $417.00 and gave the company a “sector perform” rating in a report on Friday. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $466.88.
Check Out Our Latest Report 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.
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