North Point Portfolio Managers Corp OH Sells 558 Shares of Roper Technologies, Inc. (NYSE:ROP)

North Point Portfolio Managers Corp OH trimmed its stake in Roper Technologies, Inc. (NYSE:ROP) by 2.2% during the fourth quarter, Holdings Channel reports. The fund owned 24,438 shares of the industrial products company’s stock after selling 558 shares during the quarter. Roper Technologies accounts for 2.2% of North Point Portfolio Managers Corp OH’s holdings, making the stock its 20th largest position. North Point Portfolio Managers Corp OH’s holdings in Roper Technologies were worth $12,704,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp raised its position in shares of Roper Technologies by 2.9% in the third quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock valued at $2,632,199,000 after purchasing an additional 132,575 shares during the period. Geode Capital Management LLC grew its stake in Roper Technologies by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,447,026 shares of the industrial products company’s stock valued at $1,357,162,000 after buying an additional 51,131 shares during the last quarter. Wellington Management Group LLP raised its holdings in Roper Technologies by 87.8% in the 3rd quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock worth $410,977,000 after acquiring an additional 345,268 shares during the period. JPMorgan Chase & Co. lifted its position in Roper Technologies by 7.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 662,033 shares of the industrial products company’s stock worth $368,382,000 after acquiring an additional 45,947 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Roper Technologies by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 648,903 shares of the industrial products company’s stock valued at $361,076,000 after acquiring an additional 9,653 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Price Performance

Shares of Roper Technologies stock opened at $531.37 on Monday. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $580.09. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The firm has a market cap of $56.98 billion, a P/E ratio of 38.87, a price-to-earnings-growth ratio of 2.55 and a beta of 1.04. The firm’s 50-day simple moving average is $535.54 and its 200-day simple moving average is $544.86.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid 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 dividend yield of 0.62%. The ex-dividend date was Friday, January 3rd. Roper Technologies’s dividend payout ratio is currently 24.14%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Truist Financial reissued a “buy” rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Royal Bank of Canada reduced their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Barclays dropped their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Oppenheimer assumed coverage on shares of Roper Technologies in a research report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price target on the stock. Finally, Mizuho upped their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $624.38.

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.