Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Hutchens & Kramer Investment Management Group LLC

Hutchens & Kramer Investment Management Group LLC lessened its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 872 shares of the industrial products company’s stock after selling 85 shares during the quarter. Hutchens & Kramer Investment Management Group LLC’s holdings in Roper Technologies were worth $453,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 3Chopt Investment Partners LLC acquired a new stake in shares of Roper Technologies in the second quarter valued at about $220,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Roper Technologies in the second quarter valued at about $789,000. Creative Planning grew its position in shares of Roper Technologies by 3.0% in the second quarter. Creative Planning now owns 14,786 shares of the industrial products company’s stock valued at $8,334,000 after purchasing an additional 431 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Roper Technologies by 15.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 12,788 shares of the industrial products company’s stock valued at $7,209,000 after purchasing an additional 1,671 shares during the period. Finally, NewEdge Advisors LLC grew its position in shares of Roper Technologies by 70.3% in the second quarter. NewEdge Advisors LLC now owns 3,836 shares of the industrial products company’s stock valued at $2,162,000 after purchasing an additional 1,584 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Price Performance

Shares of ROP stock opened at $541.33 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The firm’s 50-day moving average is $535.54 and its two-hundred day moving average is $544.86. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $580.09. The company has a market capitalization of $58.05 billion, a PE ratio of 39.60, a price-to-earnings-growth ratio of 2.55 and a beta of 1.04.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were paid a dividend of $0.825 per share. The ex-dividend date was Friday, January 3rd. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a yield of 0.61%. Roper Technologies’s payout ratio is 24.14%.

Analysts Set New Price Targets

ROP has been the topic of several research analyst reports. 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 initiated coverage on shares of Roper Technologies in a research report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 target price on the stock. 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. Robert W. Baird raised their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their price target for the stock from $535.00 to $615.00 in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $623.33.

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.