Weitz Investment Management Inc. raised its position in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 16.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,550 shares of the industrial products company’s stock after acquiring an additional 5,125 shares during the quarter. Roper Technologies makes up about 1.0% of Weitz Investment Management Inc.’s holdings, making the stock its 29th largest holding. Weitz Investment Management Inc.’s holdings in Roper Technologies were worth $16,270,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in ROP. CIBC Bancorp USA Inc. acquired a new position in Roper Technologies in the 3rd quarter valued at $10,053,000. Empire Life Investments Inc. grew its holdings in shares of Roper Technologies by 38.5% during the fourth quarter. Empire Life Investments Inc. now owns 45,517 shares of the industrial products company’s stock worth $20,261,000 after buying an additional 12,645 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Roper Technologies by 6.2% during the third quarter. Dimensional Fund Advisors LP now owns 525,245 shares of the industrial products company’s stock worth $261,945,000 after buying an additional 30,819 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Roper Technologies by 19.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,098 shares of the industrial products company’s stock valued at $23,636,000 after buying an additional 8,799 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Roper Technologies by 12.5% in the fourth quarter. Vanguard Group Inc. now owns 12,477,100 shares of the industrial products company’s stock worth $5,553,932,000 after buying an additional 1,384,656 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.
Roper Technologies Trading Down 0.4%
Shares of ROP opened at $332.71 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.49 and a debt-to-equity ratio of 0.52. Roper Technologies, Inc. has a 12-month low of $305.96 and a 12-month high of $575.77. The firm has a 50-day moving average price of $342.41 and a 200 day moving average price of $375.43. The firm has a market capitalization of $33.58 billion, a P/E ratio of 20.78, a P/E/G ratio of 1.52 and a beta of 0.77.
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 given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Wednesday, July 8th. Roper Technologies’s payout ratio is presently 22.74%.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on ROP shares. Piper Sandler boosted their price target 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. Royal Bank Of Canada raised their target price on shares of Roper Technologies from $393.00 to $407.00 and gave the stock a “sector perform” rating in a research note on Friday, April 24th. Barclays lowered their target price on Roper Technologies from $380.00 to $373.00 and set an “underweight” rating on the stock in a report on Friday, April 24th. Zacks Research upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Roper Technologies in a report on Monday. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Roper Technologies currently has a consensus rating of “Hold” and an average price target of $472.07.
View Our Latest Stock 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.
Featured Stories
- Five stocks we like better than Roper Technologies
- Why Oracle’s 10% Drop May Be Telling the Wrong Story
- Build On a Strong Earnings Season With These 3 ETFs
- Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NASDAQ:ROP – Free Report).
Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
