Fulton Breakefield Broenniman LLC lessened its holdings in shares of Roper Technologies, Inc. (NASDAQ:ROP – Free Report) by 31.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,484 shares of the industrial products company’s stock after selling 1,595 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in Roper Technologies were worth $1,551,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the business. Savvy Advisors Inc. raised its holdings in shares of Roper Technologies by 171.2% during the fourth quarter. Savvy Advisors Inc. now owns 1,253 shares of the industrial products company’s stock valued at $558,000 after buying an additional 791 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its holdings in shares of Roper Technologies by 40.2% during the fourth quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 5,943 shares of the industrial products company’s stock valued at $2,645,000 after buying an additional 1,704 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of Roper Technologies by 18.3% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,883 shares of the industrial products company’s stock valued at $1,284,000 after buying an additional 446 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Roper Technologies by 360.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 613 shares of the industrial products company’s stock valued at $273,000 after buying an additional 480 shares during the last quarter. Finally, 1900 Wealth Management LLC raised its holdings in shares of Roper Technologies by 8.9% during the fourth quarter. 1900 Wealth Management LLC now owns 1,116 shares of the industrial products company’s stock valued at $497,000 after buying an additional 91 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.
Roper Technologies Price Performance
NASDAQ ROP opened at $360.19 on Tuesday. Roper Technologies, Inc. has a 12 month low of $313.07 and a 12 month high of $584.03. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.52 and a quick ratio of 0.48. The firm has a market capitalization of $37.07 billion, a PE ratio of 25.37, a P/E/G ratio of 1.71 and a beta of 0.89. The company’s 50 day simple moving average is $350.03 and its 200 day simple moving average is $420.23.
Roper Technologies Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 22nd. Shareholders of record on Monday, April 6th will be given a $0.91 dividend. The ex-dividend date is Monday, April 6th. This represents a $3.64 annualized dividend and a yield of 1.0%. Roper Technologies’s payout ratio is 25.63%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on ROP shares. Argus reaffirmed a “hold” rating on shares of Roper Technologies in a report on Wednesday, January 28th. Barclays cut their price target on Roper Technologies from $409.00 to $380.00 and set an “underweight” rating on the stock in a report on Wednesday, April 1st. Piper Sandler lowered their price objective on shares of Roper Technologies from $600.00 to $530.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 13th. Mizuho lowered their price objective on shares of Roper Technologies from $419.00 to $365.00 and set an “underperform” rating on the stock in a research note on Wednesday, January 28th. Finally, Robert W. Baird set a $550.00 price objective on shares of Roper Technologies in a research note on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, Roper Technologies has an average rating of “Hold” and a consensus target price of $476.60.
Get Our Latest Stock Analysis on ROP
Insider Transactions at Roper Technologies
In other Roper Technologies news, Director Thomas Patrick Joyce, Jr. purchased 1,400 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were purchased at an average price of $358.46 per share, for a total transaction of $501,844.00. Following the completion of the transaction, the director owned 1,400 shares in the company, valued at $501,844. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.78% of the company’s stock.
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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