Robeco Institutional Asset Management B.V. Sells 1,163 Shares of Roper Technologies, Inc. (NYSE:ROP)

Robeco Institutional Asset Management B.V. trimmed its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 0.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,229 shares of the industrial products company's stock after selling 1,163 shares during the period. Robeco Institutional Asset Management B.V. owned 0.14% of Roper Technologies worth $79,656,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Fortitude Family Office LLC purchased a new stake in Roper Technologies in the 3rd quarter worth $28,000. Global Wealth Strategies & Associates purchased a new stake in Roper Technologies in the 3rd quarter worth $37,000. E Fund Management Hong Kong Co. Ltd. increased 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 worth $40,000 after buying an additional 75 shares in the last quarter. Central Pacific Bank Trust Division increased its stake 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 worth $48,000 after buying an additional 22 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in Roper Technologies by 40.7% in the 4th quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company's stock worth $59,000 after buying an additional 33 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Trading Up 5.1 %

Shares of NYSE:ROP traded up $27.58 during trading on Thursday, reaching $570.60. The company's stock had a trading volume of 1,153,765 shares, compared to its average volume of 682,696. 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 $584.31. The firm's 50 day simple moving average is $535.28 and its two-hundred day simple moving average is $544.69. The stock has a market capitalization of $61.19 billion, a PE ratio of 41.74, a price-to-earnings-growth ratio of 2.55 and a beta of 1.04.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued a $0.825 dividend. This is an increase from Roper Technologies's previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. Roper Technologies's dividend payout ratio (DPR) is presently 24.14%.

Analysts Set New Price Targets

A number of brokerages have issued reports on ROP. 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 research note on Thursday, October 24th. TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and raised their price objective for the company from $535.00 to $615.00 in a research report on Tuesday. Mizuho raised their price objective on Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Oppenheimer began coverage on Roper Technologies in a research report on Monday, December 23rd. They set an "outperform" rating and a $630.00 price objective for the company. Finally, Royal Bank of Canada cut their price objective on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $623.33.

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.