Atomi Financial Group Inc. Purchases 29 Shares of Roper Technologies, Inc. (NYSE:ROP)

Atomi Financial Group Inc. grew its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,336 shares of the industrial products company’s stock after purchasing an additional 29 shares during the quarter. Atomi Financial Group Inc.’s holdings in Roper Technologies were worth $695,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ROP. 3Chopt Investment Partners LLC bought a new stake in shares of Roper Technologies in the 2nd quarter valued at $220,000. AE Wealth Management LLC increased its stake in shares of Roper Technologies by 64.8% in the 2nd quarter. AE Wealth Management LLC now owns 816 shares of the industrial products company’s stock valued at $460,000 after acquiring an additional 321 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Roper Technologies by 11.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 7,341 shares of the industrial products company’s stock valued at $4,138,000 after acquiring an additional 756 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Roper Technologies by 60.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 20,499 shares of the industrial products company’s stock valued at $11,555,000 after acquiring an additional 7,705 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Roper Technologies by 12.0% in the 2nd quarter. AQR Capital Management LLC now owns 243,435 shares of the industrial products company’s stock valued at $137,215,000 after acquiring an additional 26,075 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

ROP has been the subject of several research analyst reports. Oppenheimer assumed coverage on shares of Roper Technologies in a research note on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price objective for the company. Robert W. Baird lifted their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Mizuho lifted their price target 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. Truist Financial reissued a “buy” rating and issued a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Finally, Barclays reduced their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $624.38.

Roper Technologies Price Performance

ROP opened at $533.24 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The company has a market capitalization of $57.18 billion, a price-to-earnings ratio of 39.01, a P/E/G ratio of 2.53 and a beta of 1.04. The firm’s fifty day moving average price is $536.51 and its two-hundred day moving average price is $545.22. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $580.09.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business posted $4.32 EPS. As a group, analysts anticipate that Roper Technologies, Inc. will post 18.29 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.62%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, January 3rd. Roper Technologies’s 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.