Iams Wealth Management LLC Boosts Stake in Roper Technologies, Inc. (NYSE:ROP)

Iams Wealth Management LLC increased its position in Roper Technologies, Inc. (NYSE:ROP) by 43.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 918 shares of the industrial products company’s stock after purchasing an additional 277 shares during the period. Iams Wealth Management LLC’s holdings in Roper Technologies were worth $477,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ROP. Fortitude Family Office LLC purchased a new stake in Roper Technologies during the 3rd quarter valued at approximately $28,000. Global Wealth Strategies & Associates purchased a new stake in Roper Technologies in the 3rd quarter valued at approximately $37,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Roper Technologies by 7,500.0% during 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 during the period. Kimelman & Baird LLC purchased a new position in shares of Roper Technologies during the 2nd quarter worth $42,000. Finally, Central Pacific Bank Trust Division lifted its stake in shares of Roper Technologies by 34.4% during the 3rd quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 22 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ROP has been the topic of a number of recent analyst reports. Barclays reduced their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Truist Financial reissued a “buy” rating and set a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Oppenheimer started coverage on Roper Technologies in a research note on Monday, December 23rd. They set an “outperform” rating and a $630.00 price target on the stock. Royal Bank of Canada cut their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and increased their target price for the stock from $535.00 to $615.00 in a research report on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $623.33.

Roper Technologies Stock Up 1.5 %

Shares of NYSE ROP opened at $549.41 on Wednesday. The stock has a fifty day moving average price of $535.41 and a 200 day moving average price of $544.70. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The company has a market cap of $58.91 billion, a P/E ratio of 40.32, a P/E/G ratio of 2.55 and a beta of 1.04. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $580.09.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid a dividend of $0.825 per share. The ex-dividend date was Friday, January 3rd. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 0.60%. Roper Technologies’s dividend payout ratio (DPR) is currently 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.