Griffin Asset Management Inc. Has $211,000 Position in Roper Technologies, Inc. (NYSE:ROP)

Griffin Asset Management Inc. lessened its position in Roper Technologies, Inc. (NYSE:ROP) by 83.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 405 shares of the industrial products company’s stock after selling 2,016 shares during the quarter. Griffin Asset Management Inc.’s holdings in Roper Technologies were worth $211,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of ROP. PNC Financial Services Group Inc. lifted its position in shares of Roper Technologies by 5.4% in the third quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company’s stock worth $19,282,000 after purchasing an additional 1,789 shares in the last quarter. Citigroup Inc. increased its stake in Roper Technologies by 17.6% in the 3rd quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company’s stock valued at $106,050,000 after buying an additional 28,555 shares during the last quarter. Douglas Lane & Associates LLC lifted its position in Roper Technologies by 18.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company’s stock worth $57,005,000 after buying an additional 17,466 shares in the last quarter. Synovus Financial Corp boosted its stake in shares of Roper Technologies by 19.6% during the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock worth $3,265,000 after buying an additional 961 shares during the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of Roper Technologies by 8.5% in the 4th quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company’s stock valued at $280,113,000 after acquiring an additional 42,016 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on ROP. Mizuho increased their price target on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their target price for the company from $535.00 to $615.00 in a research note on Tuesday. Robert W. Baird upped their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. 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. Finally, Oppenheimer assumed coverage on shares of Roper Technologies in a report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $623.33.

Roper Technologies Stock Up 1.5 %

Roper Technologies stock opened at $549.62 on Wednesday. The stock has a market cap of $58.94 billion, a P/E ratio of 29.89, a P/E/G ratio of 2.55 and a beta of 1.04. 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 twelve month low of $499.47 and a twelve month high of $580.09. The company’s 50-day moving average price is $535.38 and its two-hundred day moving average price is $544.76.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were given 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 annualized dividend and a dividend yield of 0.60%. Roper Technologies’s dividend payout ratio is presently 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.