Roper Technologies, Inc. (NYSE:ROP) Position Raised by Blue Trust Inc.

Blue Trust Inc. grew its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 32.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 967 shares of the industrial products company’s stock after purchasing an additional 237 shares during the quarter. Blue Trust Inc.’s holdings in Roper Technologies were worth $538,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. PFG Investments LLC raised its position in Roper Technologies by 1.1% in the fourth quarter. PFG Investments LLC now owns 1,946 shares of the industrial products company’s stock worth $1,011,000 after acquiring an additional 21 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Roper Technologies by 7,500.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 75 shares in the last quarter. Novare Capital Management LLC lifted its stake in Roper Technologies by 2.7% during the fourth quarter. Novare Capital Management LLC now owns 37,745 shares of the industrial products company’s stock valued at $19,622,000 after purchasing an additional 986 shares during the last quarter. KFG Wealth Management LLC boosted its holdings in Roper Technologies by 19.8% during the fourth quarter. KFG Wealth Management LLC now owns 544 shares of the industrial products company’s stock worth $283,000 after buying an additional 90 shares in the last quarter. Finally, Patton Albertson Miller Group LLC grew its position in Roper Technologies by 7.2% in the fourth quarter. Patton Albertson Miller Group LLC now owns 13,635 shares of the industrial products company’s stock worth $7,088,000 after buying an additional 913 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on ROP. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and increased their price objective for the company from $535.00 to $615.00 in a research report on Tuesday. Mizuho increased their price target on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Truist Financial restated a “buy” rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Robert W. Baird raised their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Barclays cut their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $623.33.

Roper Technologies Trading Up 5.1 %

Roper Technologies stock opened at $570.60 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $584.31. The company’s fifty day simple moving average is $535.28 and its 200-day simple moving average is $544.69. The stock has a market cap 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 Increases Dividend

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

Roper Technologies Company 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.