Vontobel Holding Ltd. lessened its holdings in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 16.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 81,776 shares of the industrial products company’s stock after selling 16,468 shares during the quarter. Vontobel Holding Ltd.’s holdings in Roper Technologies were worth $36,401,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new position in Roper Technologies in the third quarter worth about $25,000. Tucker Asset Management LLC acquired a new position in Roper Technologies in the fourth quarter worth about $33,000. Board of the Pension Protection Fund acquired a new position in Roper Technologies in the fourth quarter worth about $36,000. Kelleher Financial Advisors acquired a new position in Roper Technologies in the third quarter worth about $40,000. Finally, DT Investment Partners LLC acquired a new position in Roper Technologies in the fourth quarter worth about $46,000. Institutional investors and hedge funds own 93.31% of the company’s stock.
Roper Technologies Stock Performance
Shares of Roper Technologies stock opened at $334.97 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.53 and a quick ratio of 0.49. The firm has a market cap of $33.81 billion, a P/E ratio of 20.92, a P/E/G ratio of 1.52 and a beta of 0.77. The firm has a 50 day simple moving average of $341.99 and a 200 day simple moving average of $375.14. Roper Technologies, Inc. has a fifty-two week low of $305.96 and a fifty-two week high of $575.77.
Roper Technologies Announces Dividend
The business also recently declared 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. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.1%. Roper Technologies’s dividend payout ratio (DPR) is currently 22.74%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on ROP shares. Barclays dropped their price target on shares of Roper Technologies from $380.00 to $373.00 and set an “underweight” rating for the company in a research report on Friday, April 24th. Royal Bank Of Canada increased their price target on shares of Roper Technologies from $393.00 to $407.00 and gave the stock a “sector perform” rating in a research report on Friday, April 24th. Piper Sandler raised their price objective on shares of Roper Technologies from $530.00 to $540.00 and gave the stock an “overweight” rating in a report on Friday, April 24th. Zacks Research raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Finally, Robert W. Baird raised their price objective on shares of Roper Technologies from $464.00 to $470.00 and gave the stock an “outperform” rating in a report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $472.07.
Read Our Latest Research Report on ROP
About Roper Technologies
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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