Capitolis Liquid Global Markets LLC bought a new position in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 185,000 shares of the industrial products company’s stock, valued at approximately $82,349,000. Capitolis Liquid Global Markets LLC owned approximately 0.18% of Roper Technologies at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in ROP. Triumph Capital Management bought a new stake in shares of Roper Technologies during the third quarter worth about $25,000. Tucker Asset Management LLC bought a new stake in shares of Roper Technologies during the fourth quarter worth about $33,000. Board of the Pension Protection Fund bought a new stake in shares of Roper Technologies during the fourth quarter worth about $36,000. Kelleher Financial Advisors bought a new stake in shares of Roper Technologies during the third quarter worth about $40,000. Finally, DT Investment Partners LLC bought a new stake in shares of Roper Technologies during the fourth quarter worth about $46,000. 93.31% of the stock is owned by institutional investors.
Roper Technologies Trading Down 2.2%
Shares of ROP stock opened at $329.97 on Thursday. Roper Technologies, Inc. has a 52-week low of $305.96 and a 52-week high of $575.77. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.49 and a current ratio of 0.53. The company has a 50-day simple moving average of $340.46 and a two-hundred day simple moving average of $372.30. The company has a market capitalization of $33.30 billion, a price-to-earnings ratio of 20.61, a PEG ratio of 1.54 and a beta of 0.77.
Roper Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders 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 yield of 1.1%. The ex-dividend date is Wednesday, July 8th. Roper Technologies’s payout ratio is presently 22.74%.
Analysts Set New Price Targets
ROP has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Roper Technologies in a research report on Monday, June 8th. Robert W. Baird upped their price objective on shares of Roper Technologies from $464.00 to $470.00 and gave the stock an “outperform” rating in a research report on Friday, April 24th. Piper Sandler upped their price objective on shares of Roper Technologies from $530.00 to $540.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Zacks Research raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, Royal Bank Of Canada upped their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $472.07.
View Our Latest Stock 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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