Capital Investment Counsel LLC Buys 380 Shares of Roper Technologies, Inc. (NYSE:ROP)

Capital Investment Counsel LLC grew its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,694 shares of the industrial products company’s stock after buying an additional 380 shares during the quarter. Capital Investment Counsel LLC’s holdings in Roper Technologies were worth $6,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of ROP. Parsons Capital Management Inc. RI increased its holdings in Roper Technologies by 183.6% during the fourth quarter. Parsons Capital Management Inc. RI now owns 30,835 shares of the industrial products company’s stock valued at $16,030,000 after buying an additional 19,962 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Roper Technologies in the 4th quarter worth $69,382,000. Blue Trust Inc. raised its holdings in Roper Technologies by 32.5% in the 4th quarter. Blue Trust Inc. now owns 967 shares of the industrial products company’s stock worth $538,000 after purchasing an additional 237 shares during the period. PFG Investments LLC lifted its position in Roper Technologies by 1.1% during the fourth quarter. PFG Investments LLC now owns 1,946 shares of the industrial products company’s stock valued at $1,011,000 after purchasing an additional 21 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. grew its holdings in Roper Technologies by 7,500.0% during 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 period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on ROP. Truist Financial reaffirmed a “buy” rating and issued a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Royal Bank of Canada decreased their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $535.00 to $615.00 in a research note on Tuesday. Barclays decreased their price objective on shares of 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, Oppenheimer started coverage on Roper Technologies in a research note on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $623.33.

Roper Technologies Trading Up 1.5 %

Shares of ROP stock opened at $549.62 on Wednesday. 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, Inc. has a 12-month low of $499.47 and a 12-month high of $580.09. The stock’s 50-day moving average price is $535.38 and its 200-day moving average price is $544.76. The stock has a market capitalization of $58.94 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 Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.60%. Roper Technologies’s dividend payout ratio (DPR) is 24.14%.

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.