Virtu Financial LLC trimmed its stake in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 81.7% during the fourth quarter, Holdings Channel reports. The firm owned 2,013 shares of the industrial products company’s stock after selling 8,992 shares during the period. Virtu Financial LLC’s holdings in Roper Technologies were worth $896,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Hutchens & Kramer Investment Management Group LLC grew its stake in Roper Technologies by 2.3% during the 4th quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,003 shares of the industrial products company’s stock worth $446,000 after buying an additional 23 shares during the last quarter. Brown Brothers Harriman & Co. lifted its stake in Roper Technologies by 1.0% in the third quarter. Brown Brothers Harriman & Co. now owns 2,236 shares of the industrial products company’s stock valued at $1,115,000 after buying an additional 23 shares during the last quarter. Promus Capital LLC lifted its stake in Roper Technologies by 1.5% in the third quarter. Promus Capital LLC now owns 1,640 shares of the industrial products company’s stock valued at $818,000 after buying an additional 25 shares during the last quarter. Harbor Investment Advisory LLC boosted its holdings in shares of Roper Technologies by 5.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 460 shares of the industrial products company’s stock valued at $205,000 after acquiring an additional 25 shares during the period. Finally, SeaCrest Wealth Management LLC boosted its holdings in shares of Roper Technologies by 6.2% during the third quarter. SeaCrest Wealth Management LLC now owns 429 shares of the industrial products company’s stock valued at $223,000 after acquiring an additional 25 shares during the period. Institutional investors own 93.31% of the company’s stock.
Roper Technologies Price Performance
Shares of ROP opened at $330.26 on Monday. Roper Technologies, Inc. has a one year low of $305.96 and a one year high of $575.77. The stock’s fifty day moving average is $339.38 and its 200-day moving average is $370.69. 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 firm has a market capitalization of $33.33 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 1.50 and a beta of 0.77.
Roper Technologies Dividend Announcement
The business 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 $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, July 8th. Roper Technologies’s dividend payout ratio is currently 22.74%.
Wall Street Analysts Forecast Growth
ROP has been the topic of a number of analyst reports. Zacks Research raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Piper Sandler boosted their target price 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. Weiss Ratings restated a “sell (d+)” rating on shares of Roper Technologies in a research report on Monday, June 8th. Robert W. Baird raised their price target on shares of Roper Technologies from $464.00 to $470.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, Barclays cut 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. Two 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 currently has an average rating of “Hold” and a consensus price target of $472.07.
Get Our Latest Analysis on ROP
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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