Patton Albertson Miller Group LLC Buys 913 Shares of Roper Technologies, Inc. (NYSE:ROP)

Patton Albertson Miller Group LLC boosted its position in Roper Technologies, Inc. (NYSE:ROP) by 7.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,635 shares of the industrial products company’s stock after acquiring an additional 913 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in Roper Technologies were worth $7,088,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of ROP. PNC Financial Services Group Inc. increased its position in shares of Roper Technologies by 5.4% during the third quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company’s stock worth $19,282,000 after acquiring an additional 1,789 shares in the last quarter. Citigroup Inc. grew its holdings in Roper Technologies by 17.6% during the third quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company’s stock worth $106,050,000 after buying an additional 28,555 shares in the last quarter. Synovus Financial Corp raised its holdings in shares of Roper Technologies by 19.6% in the third quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock valued at $3,265,000 after purchasing an additional 961 shares during the last quarter. Douglas Lane & Associates LLC lifted its position in shares of Roper Technologies by 18.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company’s stock valued at $57,005,000 after purchasing an additional 17,466 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Roper Technologies by 8.5% during the fourth quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company’s stock worth $280,113,000 after purchasing an additional 42,016 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Down 0.4 %

ROP stock opened at $531.37 on Friday. The company’s 50 day moving average is $535.54 and its 200 day moving average is $544.96. The stock has a market cap of $56.98 billion, a price-to-earnings ratio of 29.89, a price-to-earnings-growth ratio of 2.55 and a beta of 1.04. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $580.09. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.53 by $0.09. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $4.32 earnings per share. Sell-side analysts predict that Roper Technologies, Inc. will post 18.29 EPS 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 was Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.62%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio is currently 24.14%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ROP shares. Barclays cut their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Mizuho increased their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Royal Bank of Canada reduced their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Truist Financial reiterated a “buy” rating and issued a $665.00 price target (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Finally, Oppenheimer started coverage on Roper Technologies in a report on Monday, December 23rd. They set an “outperform” rating and a $630.00 target price for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $624.38.

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.