Symphony Financial Ltd. Co. Trims Stake in Roper Technologies, Inc. (NYSE:ROP)

Symphony Financial Ltd. Co. lowered its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,276 shares of the industrial products company’s stock after selling 22 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Roper Technologies were worth $677,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of ROP. Western Financial Corp CA raised its holdings in shares of Roper Technologies by 3.2% in the fourth quarter. Western Financial Corp CA now owns 1,809 shares of the industrial products company’s stock worth $940,000 after buying an additional 56 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its position in shares of Roper Technologies by 28.3% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 1,745 shares of the industrial products company’s stock worth $907,000 after purchasing an additional 385 shares during the last quarter. Hamilton Point Investment Advisors LLC increased its position in shares of Roper Technologies by 0.9% during the fourth quarter. Hamilton Point Investment Advisors LLC now owns 11,620 shares of the industrial products company’s stock worth $6,041,000 after purchasing an additional 101 shares in the last quarter. Boomfish Wealth Group LLC lifted its stake in shares of Roper Technologies by 5.1% in the fourth quarter. Boomfish Wealth Group LLC now owns 2,721 shares of the industrial products company’s stock worth $1,415,000 after buying an additional 132 shares in the last quarter. Finally, Baader Bank Aktiengesellschaft boosted its holdings in shares of Roper Technologies by 22.3% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 750 shares of the industrial products company’s stock worth $390,000 after purchasing an additional 137 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Raymond James reiterated a “strong-buy” rating and set a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research report on Friday. Oppenheimer upped their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a report on Friday. Robert W. Baird increased their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Mizuho upped their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada decreased their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $622.30.

Roper Technologies Trading Up 0.9 %

Shares of ROP stock opened at $575.65 on Friday. 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 company has a market capitalization of $61.73 billion, a price-to-earnings ratio of 42.11, a PEG ratio of 2.60 and a beta of 1.04. The firm has a 50-day moving average price of $535.93 and a 200 day moving average price of $544.98. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $584.31.

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 $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, January 3rd. Roper Technologies’s dividend payout ratio (DPR) is presently 23.01%.

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.