Tritonpoint Wealth LLC Has $385,000 Position in Roper Technologies, Inc. (NYSE:ROP)

Tritonpoint Wealth LLC lessened its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 11.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 740 shares of the industrial products company’s stock after selling 99 shares during the quarter. Tritonpoint Wealth LLC’s holdings in Roper Technologies were worth $385,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fortitude Family Office LLC bought a new position in shares of Roper Technologies during the third quarter worth approximately $28,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Roper Technologies by 7,500.0% during the fourth 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. Global Wealth Strategies & Associates boosted its position in shares of Roper Technologies by 49.3% in the fourth quarter. Global Wealth Strategies & Associates now owns 100 shares of the industrial products company’s stock valued at $52,000 after acquiring an additional 33 shares during the period. Versant Capital Management Inc grew its stake in shares of Roper Technologies by 40.7% in the fourth quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company’s stock valued at $59,000 after acquiring an additional 33 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its position in Roper Technologies by 59.0% during the third quarter. Meeder Asset Management Inc. now owns 124 shares of the industrial products company’s stock worth $69,000 after acquiring an additional 46 shares during the period. Institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on ROP. Royal Bank of Canada lowered their price objective 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. Truist Financial reaffirmed a “buy” rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a research note on Friday. Oppenheimer upped their price objective on shares of Roper Technologies from $630.00 to $640.00 and gave the stock an “outperform” rating in a research report on Friday. Raymond James reissued a “strong-buy” rating and issued a $655.00 target price (up from $620.00) on shares of Roper Technologies in a report on Friday. Finally, JPMorgan Chase & Co. upped their price target on shares of Roper Technologies from $539.00 to $558.00 and gave the stock a “neutral” rating in a report on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and an average target price of $622.30.

Roper Technologies Stock Up 0.9 %

Shares of NYSE:ROP opened at $575.65 on Monday. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $584.31. The company has a market capitalization of $61.73 billion, a PE ratio of 42.11, a price-to-earnings-growth ratio of 2.60 and a beta of 1.04. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The company has a fifty day moving average of $535.93 and a 200-day moving average of $544.83.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Friday, January 3rd. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. 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.