Roper Technologies, Inc. (NYSE:ROP) Stock Position Boosted by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 83.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,130 shares of the industrial products company’s stock after buying an additional 513 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Roper Technologies were worth $587,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Atomi Financial Group Inc. increased its position in shares of Roper Technologies by 2.2% during the 4th quarter. Atomi Financial Group Inc. now owns 1,336 shares of the industrial products company’s stock valued at $695,000 after purchasing an additional 29 shares during the period. Segment Wealth Management LLC grew its holdings in Roper Technologies by 0.9% during the fourth quarter. Segment Wealth Management LLC now owns 18,879 shares of the industrial products company’s stock worth $9,814,000 after acquiring an additional 173 shares during the period. Crossmark Global Holdings Inc. raised its position in Roper Technologies by 9.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 8,820 shares of the industrial products company’s stock worth $4,585,000 after acquiring an additional 756 shares in the last quarter. Ballentine Partners LLC lifted its holdings in Roper Technologies by 1.7% in the 4th quarter. Ballentine Partners LLC now owns 1,662 shares of the industrial products company’s stock valued at $864,000 after acquiring an additional 27 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. boosted its position in shares of Roper Technologies by 2.8% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 64,296 shares of the industrial products company’s stock valued at $33,424,000 after purchasing an additional 1,743 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Price Performance

NYSE ROP opened at $534.45 on Thursday. The company has a 50 day simple moving average of $537.24 and a 200-day simple moving average of $545.29. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $580.09. The firm has a market capitalization of $57.31 billion, a price-to-earnings ratio of 39.10, a price-to-earnings-growth ratio of 2.49 and a beta of 1.04. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44.

Roper Technologies (NYSE:ROP) last issued 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. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the business posted $4.32 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities research analysts predict that Roper Technologies, Inc. will post 18.29 earnings per share for the current fiscal year.

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 $0.825 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.62%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s payout ratio is 24.14%.

Analysts Set New Price Targets

Several research firms recently commented on ROP. Mizuho increased their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird raised their price objective on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Oppenheimer started coverage on Roper Technologies in a research report on Monday, December 23rd. They set an “outperform” rating and a $630.00 target price on the stock. Barclays decreased their price target 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. Finally, Royal Bank of Canada cut their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $624.38.

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.