Baldwin Wealth Partners LLC MA Lowers Holdings in Roper Technologies, Inc. (NYSE:ROP)

Baldwin Wealth Partners LLC MA lowered its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,063 shares of the industrial products company’s stock after selling 366 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Roper Technologies were worth $4,191,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Fortitude Family Office LLC purchased a new position in Roper Technologies during the third quarter valued at approximately $28,000. Global Wealth Strategies & Associates purchased a new position in shares of Roper Technologies during 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% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 75 shares during the period. Kimelman & Baird LLC purchased a new stake in Roper Technologies during the second quarter worth $42,000. Finally, Central Pacific Bank Trust Division grew its position in Roper Technologies by 34.4% during the third quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock valued at $48,000 after buying an additional 22 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ROP shares. Oppenheimer began coverage on shares of Roper Technologies in a research report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price objective for the company. Barclays cut their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Royal Bank of Canada decreased 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. Truist Financial restated a “buy” rating and set a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Finally, Mizuho lifted their target price 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 research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $624.38.

Roper Technologies Stock Performance

ROP opened at $534.97 on Monday. The firm has a market capitalization of $57.37 billion, a PE ratio of 39.09, a PEG ratio of 2.55 and a beta of 1.04. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $580.09. The firm’s 50-day moving average price is $535.54 and its 200 day moving average price is $544.86.

Roper Technologies Increases Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Friday, January 3rd. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio (DPR) is currently 24.14%.

About Roper Technologies

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.