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

Patton Albertson Miller Group LLC grew its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,635 shares of the industrial products company's stock after purchasing an additional 913 shares during the quarter. Patton Albertson Miller Group LLC's holdings in Roper Technologies were worth $7,088,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ROP. Wellington Management Group LLP boosted its stake in shares of Roper Technologies by 87.8% in the 3rd quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company's stock worth $410,977,000 after buying an additional 345,268 shares during the last quarter. Loomis Sayles & Co. L P boosted its position in Roper Technologies by 25.8% in the third quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company's stock worth $360,811,000 after purchasing an additional 132,913 shares during the last quarter. State Street Corp grew its stake in Roper Technologies by 2.9% in the 3rd quarter. State Street Corp now owns 4,730,427 shares of the industrial products company's stock valued at $2,632,199,000 after purchasing an additional 132,575 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Roper Technologies by 37.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 427,943 shares of the industrial products company's stock valued at $238,125,000 after purchasing an additional 116,523 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Roper Technologies by 7.6% during the 2nd quarter. Legal & General Group Plc now owns 914,499 shares of the industrial products company's stock worth $515,467,000 after purchasing an additional 64,565 shares during the period. Hedge funds and other institutional investors own 93.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ROP. Barclays decreased their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a report on Wednesday, January 8th. Robert W. Baird lifted their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Truist Financial reiterated 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. Mizuho boosted their target price on Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Finally, Oppenheimer initiated coverage on Roper Technologies in a research note on Monday, December 23rd. They set an "outperform" rating and a $630.00 price target for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $624.38.

Roper Technologies Price Performance

ROP traded down $1.87 during trading on Friday, reaching $531.37. 385,457 shares of the company were exchanged, compared to its average volume of 523,206. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $580.09. The company's 50-day moving average is $535.54 and its two-hundred day moving average is $544.92. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The company has a market cap of $56.98 billion, a price-to-earnings ratio of 38.87, a P/E/G ratio of 2.55 and a beta of 1.04.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating analysts' consensus estimates 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%. Roper Technologies's revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business earned $4.32 earnings per share. Research analysts forecast that Roper Technologies, Inc. will post 18.29 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were paid a dividend of $0.825 per share. The ex-dividend date was Friday, January 3rd. This is an increase from Roper Technologies's previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 0.62%. 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.