Western Financial Corp CA Boosts Holdings in Roper Technologies, Inc. (NYSE:ROP)

Western Financial Corp CA grew its position in Roper Technologies, Inc. (NYSE:ROP) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,809 shares of the industrial products company’s stock after purchasing an additional 56 shares during the quarter. Western Financial Corp CA’s holdings in Roper Technologies were worth $940,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. NewEdge Advisors LLC raised its stake in Roper Technologies by 70.3% in the second quarter. NewEdge Advisors LLC now owns 3,836 shares of the industrial products company’s stock valued at $2,162,000 after buying an additional 1,584 shares during the last quarter. EP Wealth Advisors LLC increased its holdings in shares of Roper Technologies by 15.9% during the second quarter. EP Wealth Advisors LLC now owns 570 shares of the industrial products company’s stock valued at $321,000 after acquiring an additional 78 shares in the last quarter. Truist Financial Corp raised its position in shares of Roper Technologies by 2.4% in the 2nd quarter. Truist Financial Corp now owns 9,986 shares of the industrial products company’s stock valued at $5,629,000 after purchasing an additional 238 shares during the last quarter. Cetera Investment Advisers grew its position in Roper Technologies by 4.1% during the 2nd quarter. Cetera Investment Advisers now owns 21,178 shares of the industrial products company’s stock worth $11,937,000 after purchasing an additional 838 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Roper Technologies during the 2nd quarter valued at approximately $2,576,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a report on Friday. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and boosted their price target for the company from $535.00 to $615.00 in a research note on Tuesday. Raymond James restated a “strong-buy” rating and issued a $655.00 price objective (up from $620.00) on shares of Roper Technologies in a research note on Friday. Robert W. Baird upped their target price on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Truist Financial reissued a “buy” rating and set a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research report on Friday. One 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, the stock has an average rating of “Moderate Buy” and an average target price of $622.30.

Roper Technologies Stock Up 0.9 %

ROP opened at $575.65 on Friday. The company has a fifty day moving average of $535.93 and a two-hundred day moving average of $544.98. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $584.31. The stock 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.

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 given a dividend of $0.825 per share. The ex-dividend date was Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio is currently 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.