Hahn Capital Management LLC reduced its position in Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 24.4% in the 1st quarter, Holdings Channel reports. The firm owned 7,057 shares of the industrial products company’s stock after selling 2,279 shares during the period. Roper Technologies makes up 1.6% of Hahn Capital Management LLC’s holdings, making the stock its 26th biggest holding. Hahn Capital Management LLC’s holdings in Roper Technologies were worth $2,497,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in ROP. Triumph Capital Management acquired a new position in Roper Technologies during the third quarter worth approximately $25,000. Private Wealth Management Group LLC boosted its holdings in shares of Roper Technologies by 195.8% in the first 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 acquired a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $33,000. Global Assets Advisory LLC purchased a new position in shares of Roper Technologies during the first quarter worth approximately $36,000. Finally, Kelleher Financial Advisors acquired a new position in shares of Roper Technologies in the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Price Performance
Shares of NASDAQ ROP opened at $363.14 on Monday. The stock has a fifty day moving average price of $336.99 and a 200 day moving average price of $356.96. Roper Technologies, Inc. has a 1-year low of $305.96 and a 1-year high of $566.24. 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 company has a market cap of $36.65 billion, a PE ratio of 22.68, a P/E/G ratio of 1.65 and a beta of 0.76.
Roper Technologies Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Stockholders of record on Wednesday, July 8th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Wednesday, July 8th. Roper Technologies’s payout ratio is 22.74%.
Wall Street Analysts Forecast Growth
ROP has been the subject of several research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Roper Technologies in a research report on Monday, June 8th. Piper Sandler lifted their price objective on shares of Roper Technologies from $530.00 to $540.00 and gave the company an “overweight” rating in a research note on Friday, April 24th. Royal Bank Of Canada upped their target price 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. BMO Capital Markets initiated coverage on shares of Roper Technologies in a research note on Friday, July 10th. They set a “market perform” rating and a $393.00 target price for the company. Finally, Barclays lowered their price target on Roper Technologies from $380.00 to $373.00 and set an “underweight” rating on the stock in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $467.12.
View Our Latest Stock Analysis 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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