Hamilton Point Investment Advisors LLC Grows Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Hamilton Point Investment Advisors LLC increased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 11,620 shares of the industrial products company’s stock after buying an additional 101 shares during the period. Hamilton Point Investment Advisors LLC’s holdings in Roper Technologies were worth $6,041,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in Roper Technologies by 5.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company’s stock valued at $19,282,000 after purchasing an additional 1,789 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Roper Technologies by 17.6% in the third quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company’s stock valued at $106,050,000 after purchasing an additional 28,555 shares in the last quarter. Douglas Lane & Associates LLC increased its position in shares of Roper Technologies by 18.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company’s stock worth $57,005,000 after acquiring an additional 17,466 shares during the period. Synovus Financial Corp raised its position in Roper Technologies by 19.6% in the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock valued at $3,265,000 after purchasing an additional 961 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in Roper Technologies by 8.5% in the fourth quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company’s stock worth $280,113,000 after acquiring an additional 42,016 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ROP. JPMorgan Chase & Co. increased their price objective on Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday. Oppenheimer assumed coverage on Roper Technologies in a report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 target price on the stock. Barclays reduced their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their target price for the stock from $535.00 to $615.00 in a research report on Tuesday. Finally, Mizuho raised their price objective on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $616.80.

Roper Technologies Price Performance

Shares of NYSE:ROP 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. The company has a market cap of $61.19 billion, a P/E ratio of 41.74, a P/E/G ratio of 2.60 and a beta of 1.04. The business has a fifty day simple moving average of $535.62 and a 200-day simple moving average of $544.87. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $584.31.

Roper Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, January 3rd. Roper Technologies’s payout ratio is presently 24.14%.

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.