Symphony Financial Ltd. Co. Sells 22 Shares of Roper Technologies, Inc. (NYSE:ROP)

Symphony Financial Ltd. Co. trimmed its stake in Roper Technologies, Inc. (NYSE:ROP) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,276 shares of the industrial products company’s stock after selling 22 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Roper Technologies were worth $677,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Fortitude Family Office LLC purchased a new stake in shares of Roper Technologies during the third quarter worth $28,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings 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 worth $40,000 after purchasing an additional 75 shares in the last quarter. Central Pacific Bank Trust Division boosted its stake in Roper Technologies by 34.4% in the 3rd quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 22 shares during the period. Global Wealth Strategies & Associates grew its holdings in Roper Technologies by 49.3% during the 4th quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock valued at $52,000 after buying an additional 33 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in shares of Roper Technologies by 40.7% during the fourth quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company’s stock valued at $59,000 after buying an additional 33 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Up 0.9 %

ROP opened at $575.65 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The stock has a market cap of $61.73 billion, a PE ratio of 42.11, a PEG ratio of 2.60 and a beta of 1.04. The business has a 50 day moving average of $535.93 and a 200-day moving average of $544.98. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $584.31.

Roper Technologies Increases Dividend

The firm also recently declared 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. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Friday, January 3rd. Roper Technologies’s dividend payout ratio (DPR) is 23.01%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Truist Financial reaffirmed a “buy” rating and set a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a report on Friday. Royal Bank of Canada lowered their price objective 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. Mizuho boosted their target price on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. JPMorgan Chase & Co. boosted their price objective on Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday. Finally, Barclays cut their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given 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 price target of $622.30.

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.