Roper Technologies, Inc. (NYSE:ROP) Holdings Raised by Guinness Asset Management LTD

Guinness Asset Management LTD raised its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 70,298 shares of the industrial products company's stock after purchasing an additional 6,341 shares during the period. Guinness Asset Management LTD owned 0.07% of Roper Technologies worth $36,544,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in 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 valued at $19,282,000 after acquiring an additional 1,789 shares during the period. Citigroup Inc. increased its position in Roper Technologies by 17.6% during the 3rd quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company's stock worth $106,050,000 after purchasing an additional 28,555 shares in the last quarter. Synovus Financial Corp grew its stake in Roper Technologies by 19.6% during the third quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company's stock worth $3,265,000 after buying an additional 961 shares during the period. Douglas Lane & Associates LLC raised its stake in shares of Roper Technologies by 18.9% in the 4th quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company's stock valued at $57,005,000 after acquiring an additional 17,466 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in shares of Roper Technologies by 8.5% during the 4th quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company's stock valued at $280,113,000 after acquiring an additional 42,016 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the company's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the transaction, the director now owns 32,955 shares in the company, valued at approximately $18,125,250. This represents a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ROP has been the topic of several research reports. Robert W. Baird raised their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Barclays decreased their target price 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. Oppenheimer started coverage on shares of Roper Technologies in a research note on Monday, December 23rd. They set an "outperform" rating and a $630.00 price target on the stock. Royal Bank of Canada decreased 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 report on Thursday, October 24th. Finally, Mizuho boosted 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Roper Technologies currently has an average rating of "Moderate Buy" and an average target price of $623.33.

Roper Technologies Stock Up 0.6 %

NYSE ROP traded up $3.22 on Monday, hitting $522.32. 763,769 shares of the stock traded hands, compared to its average volume of 575,356. 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 stock has a 50-day moving average of $538.78 and a 200 day moving average of $545.79. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $580.09. The company has a market capitalization of $56.01 billion, a P/E ratio of 38.21, a price-to-earnings-growth ratio of 2.40 and a beta of 1.04.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.53 by $0.09. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business's revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company posted $4.32 EPS. As a group, analysts expect that Roper Technologies, Inc. will post 18.29 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently disclosed 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 represents a $3.30 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Friday, January 3rd. This is an increase from Roper Technologies's previous quarterly dividend of $0.75. Roper Technologies's dividend payout ratio is currently 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.