FSM Wealth Advisors LLC Has $542,000 Holdings in Roper Technologies, Inc. (NYSE:ROP)

FSM Wealth Advisors LLC lowered its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 27.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,045 shares of the industrial products company’s stock after selling 389 shares during the period. FSM Wealth Advisors LLC’s holdings in Roper Technologies were worth $542,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROP. Fortitude Family Office LLC purchased a new position in shares of Roper Technologies during the third quarter valued at approximately $28,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in 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 valued at $40,000 after acquiring an additional 75 shares in the last quarter. Global Wealth Strategies & Associates boosted its holdings in Roper Technologies by 49.3% during the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 33 shares during the last quarter. Versant Capital Management Inc grew its position in Roper Technologies by 40.7% in the 4th quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 33 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its stake in Roper Technologies by 59.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 124 shares of the industrial products company’s stock valued at $69,000 after buying an additional 46 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Stock Up 0.9 %

ROP opened at $575.65 on Monday. The company has a 50 day moving average of $535.93 and a 200 day moving average of $544.83. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $584.31. The company has a market cap of $61.73 billion, a PE ratio of 40.14, a price-to-earnings-growth ratio of 2.76 and a beta of 1.05.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. This is a positive change 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 23.01%.

Analysts Set New Price Targets

ROP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a research note on Friday. Oppenheimer boosted their price objective on Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday. Barclays decreased their target price 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. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their price target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Robert W. Baird lifted their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $622.30.

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.