E Fund Management Hong Kong Co. Ltd. Boosts Holdings in Roper Technologies, Inc. (NYSE:ROP)

E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 7,500.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 76 shares of the industrial products company’s stock after buying an additional 75 shares during the quarter. E Fund Management Hong Kong Co. Ltd.’s holdings in Roper Technologies were worth $40,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Ledyard National Bank boosted its stake in shares of Roper Technologies by 2.1% during the third quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock valued at $499,000 after purchasing an additional 18 shares during the period. Meridian Financial Partners LLC lifted its stake in Roper Technologies by 1.0% in the fourth quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock worth $1,067,000 after acquiring an additional 20 shares during the period. Cromwell Holdings LLC lifted its stake in Roper Technologies by 6.8% in the third quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock worth $185,000 after acquiring an additional 21 shares during the period. Hibernia Wealth Partners LLC lifted its stake in Roper Technologies by 4.2% in the third quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company’s stock worth $291,000 after acquiring an additional 21 shares during the period. Finally, Ballast Advisors LLC lifted its stake in Roper Technologies by 1.3% in the third quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock worth $921,000 after acquiring an additional 21 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Down 0.4 %

NYSE ROP opened at $531.37 on Monday. The business has a fifty day moving average price of $535.54 and a 200 day moving average price of $544.92. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $580.09. 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 market cap of $56.98 billion, a P/E ratio of 29.89, a P/E/G ratio of 2.55 and a beta of 1.04.

Roper Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.62%. Roper Technologies’s dividend payout ratio (DPR) is 24.14%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on ROP shares. Truist Financial reaffirmed a “buy” rating and issued a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Royal Bank of Canada lowered their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Mizuho upped their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Oppenheimer initiated coverage on shares of Roper Technologies in a report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 target price for the company. Finally, Robert W. Baird upped 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 issued a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $624.38.

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.