Union Bancaire Privee UBP SA Invests $69.38 Million in Roper Technologies, Inc. (NYSE:ROP)

Union Bancaire Privee UBP SA purchased a new stake in shares of Roper Technologies, Inc. (NYSE:ROP) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 134,886 shares of the industrial products company’s stock, valued at approximately $69,382,000. Roper Technologies comprises 1.4% of Union Bancaire Privee UBP SA’s investment portfolio, making the stock its 21st largest position.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROP. Blue Trust Inc. grew its holdings in Roper Technologies by 32.5% during the fourth quarter. Blue Trust Inc. now owns 967 shares of the industrial products company’s stock worth $538,000 after buying an additional 237 shares in the last quarter. PFG Investments LLC grew its stake in shares of Roper Technologies by 1.1% in the 4th quarter. PFG Investments LLC now owns 1,946 shares of the industrial products company’s stock worth $1,011,000 after acquiring an additional 21 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Roper Technologies by 7,500.0% in the fourth 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. Novare Capital Management LLC boosted its holdings in Roper Technologies by 2.7% during the fourth quarter. Novare Capital Management LLC now owns 37,745 shares of the industrial products company’s stock worth $19,622,000 after purchasing an additional 986 shares during the last quarter. Finally, KFG Wealth Management LLC grew its position in Roper Technologies by 19.8% in the 4th quarter. KFG Wealth Management LLC now owns 544 shares of the industrial products company’s stock worth $283,000 after purchasing an additional 90 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Stock Performance

Shares of ROP opened at $531.37 on Monday. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month 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. The company has a market cap of $56.98 billion, a PE ratio of 29.89, a price-to-earnings-growth ratio of 2.55 and a beta of 1.04. The stock has a 50-day moving average price of $535.54 and a 200-day moving average price of $544.92.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid a $0.825 dividend. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.62%. Roper Technologies’s dividend payout ratio is 24.14%.

Wall Street Analyst Weigh In

Several research firms have commented on ROP. 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 note on Thursday, October 24th. Robert W. Baird lifted their target price on 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 reissued a “buy” rating and set a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Barclays dropped their price target 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. Finally, 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 report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $624.38.

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.