Swedbank AB Has $37.60 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Swedbank AB lowered its stake in Roper Technologies, Inc. (NYSE:ROP) by 24.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 72,336 shares of the industrial products company’s stock after selling 23,843 shares during the period. Swedbank AB’s holdings in Roper Technologies were worth $37,604,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ROP. Ledyard National Bank grew its stake in shares of Roper Technologies by 2.1% in the third quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock valued at $499,000 after acquiring an additional 18 shares in the last quarter. Meridian Financial Partners LLC increased its holdings in shares of Roper Technologies by 1.0% during the fourth quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock worth $1,067,000 after purchasing an additional 20 shares during the period. Cromwell Holdings LLC raised its position in shares of Roper Technologies by 6.8% in the third quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock valued at $185,000 after buying an additional 21 shares in the last quarter. Hibernia Wealth Partners LLC boosted its stake in shares of Roper Technologies by 4.2% in the third quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company’s stock valued at $291,000 after buying an additional 21 shares during the period. Finally, Ballast Advisors LLC grew its position in Roper Technologies by 1.3% during the third quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock worth $921,000 after buying an additional 21 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Stock Performance

Shares of Roper Technologies stock opened at $570.60 on Friday. The company’s 50 day moving average price is $535.28 and its two-hundred day moving average price is $544.69. The firm has a market capitalization of $61.19 billion, a P/E ratio of 41.74, a P/E/G ratio of 2.55 and a beta of 1.04. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $584.31. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were given a dividend of $0.825 per share. The ex-dividend date was Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s payout ratio is currently 24.14%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ROP. Oppenheimer initiated coverage on Roper Technologies in a report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price objective for the company. Mizuho upped their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Royal Bank of Canada decreased their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and upped their price target for the stock from $535.00 to $615.00 in a report on Tuesday. Finally, Truist Financial reissued a “buy” rating and issued a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $623.33.

Roper Technologies Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.