Roper Technologies, Inc. (NYSE:ROP) Stake Boosted by Patton Albertson Miller Group LLC

Patton Albertson Miller Group LLC lifted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,635 shares of the industrial products company’s stock after purchasing an additional 913 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in Roper Technologies were worth $7,088,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased 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 valued at $410,977,000 after buying an additional 345,268 shares during the period. Loomis Sayles & Co. L P lifted its holdings in Roper Technologies by 25.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company’s stock worth $360,811,000 after buying an additional 132,913 shares in the last quarter. State Street Corp raised its holdings in Roper Technologies by 2.9% during the 3rd quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock worth $2,632,199,000 after purchasing an additional 132,575 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Roper Technologies by 37.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 427,943 shares of the industrial products company’s stock valued at $238,125,000 after purchasing an additional 116,523 shares during the period. Finally, Legal & General Group Plc grew its holdings in Roper Technologies by 7.6% during the second quarter. Legal & General Group Plc now owns 914,499 shares of the industrial products company’s stock valued at $515,467,000 after purchasing an additional 64,565 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ROP shares. Robert W. Baird increased their price objective on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Oppenheimer assumed coverage on shares of Roper Technologies in a report on Monday, December 23rd. They set an “outperform” rating and a $630.00 target price for the company. 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 report on Thursday, October 24th. Mizuho boosted their price target on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Truist Financial reissued a “buy” rating and issued a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $624.38.

Roper Technologies Stock Performance

Shares of Roper Technologies stock opened at $531.37 on Friday. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $580.09. The company has a market cap of $56.98 billion, a PE ratio of 29.89, a price-to-earnings-growth 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. The company has a 50 day moving average of $535.54 and a 200-day moving average of $544.96.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.32 earnings per share. As a group, equities research analysts forecast that Roper Technologies, Inc. will post 18.29 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were given a dividend of $0.825 per share. The ex-dividend date was Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.62%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s payout ratio is currently 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.