Hutchens & Kramer Investment Management Group LLC Trims Holdings in Roper Technologies, Inc. (NYSE:ROP)

Hutchens & Kramer Investment Management Group LLC trimmed its stake in Roper Technologies, Inc. (NYSE:ROP) by 8.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 872 shares of the industrial products company’s stock after selling 85 shares during the period. Hutchens & Kramer Investment Management Group LLC’s holdings in Roper Technologies were worth $453,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC purchased a new stake in shares of Roper Technologies in the 3rd quarter valued at approximately $28,000. Global Wealth Strategies & Associates purchased a new stake in shares of Roper Technologies in the 3rd quarter valued at approximately $37,000. Kimelman & Baird LLC purchased a new stake in shares of Roper Technologies in the 2nd quarter valued at approximately $42,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of 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 valued at $40,000 after acquiring an additional 75 shares during the period. Finally, Central Pacific Bank Trust Division raised its stake in shares of 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 valued at $48,000 after acquiring an additional 22 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Truist Financial reissued a “buy” rating and issued a $665.00 price target (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Royal Bank of Canada dropped their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Mizuho lifted 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. Oppenheimer assumed coverage on shares of Roper Technologies in a report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price objective for the company. Finally, Robert W. Baird lifted their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. One 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 MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and an average target price of $623.33.

Roper Technologies Stock Performance

NYSE:ROP opened at $541.33 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $580.09. The stock has a market cap of $58.05 billion, a PE ratio of 39.60, a price-to-earnings-growth ratio of 2.55 and a beta of 1.04. The firm’s fifty day simple moving average is $535.54 and its 200-day simple moving average is $544.86.

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 paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.61%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, January 3rd. Roper Technologies’s dividend payout ratio is presently 24.14%.

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.