Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Boomfish Wealth Group LLC

Boomfish Wealth Group LLC lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 5.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,721 shares of the industrial products company’s stock after buying an additional 132 shares during the quarter. Boomfish Wealth Group LLC’s holdings in Roper Technologies were worth $1,415,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in ROP. Fortitude Family Office LLC purchased a new stake in Roper Technologies in the 3rd quarter valued at approximately $28,000. Global Wealth Strategies & Associates purchased a new stake in Roper Technologies during the 3rd quarter worth about $37,000. E Fund Management Hong Kong Co. Ltd. raised its stake in Roper Technologies by 7,500.0% in 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 purchasing an additional 75 shares during the last quarter. Central Pacific Bank Trust Division lifted its holdings 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 valued at $48,000 after purchasing an additional 22 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Roper Technologies by 40.7% during 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 during the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on ROP. Mizuho upped their price objective 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 increased 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. Truist Financial reiterated a “buy” rating and issued a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Royal Bank of Canada cut their target price 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. Finally, TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and boosted their price target for the company from $535.00 to $615.00 in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $623.33.

Roper Technologies Trading Up 5.1 %

Shares of ROP opened at $570.60 on Friday. 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, Inc. has a 12 month low of $499.47 and a 12 month high of $584.31. The stock has a market cap of $61.19 billion, a PE ratio of 30.37, a P/E/G ratio of 2.60 and a beta of 1.04. The stock’s 50-day moving average is $535.28 and its two-hundred day moving average is $544.69.

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Friday, January 3rd. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend 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.