McLean Asset Management Corp Sells 19 Shares of Roper Technologies, Inc. (NYSE:ROP)

McLean Asset Management Corp lowered its stake in Roper Technologies, Inc. (NYSE:ROP) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 666 shares of the industrial products company’s stock after selling 19 shares during the quarter. McLean Asset Management Corp’s holdings in Roper Technologies were worth $346,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. 3Chopt Investment Partners LLC acquired a new position in shares of Roper Technologies in the second quarter valued at approximately $220,000. Thrivent Financial for Lutherans increased its stake in shares of Roper Technologies by 11.5% in the second quarter. Thrivent Financial for Lutherans now owns 7,341 shares of the industrial products company’s stock valued at $4,138,000 after buying an additional 756 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of Roper Technologies in the second quarter valued at approximately $789,000. MidWestOne Financial Group Inc. increased its stake in shares of Roper Technologies by 7.7% in the second quarter. MidWestOne Financial Group Inc. now owns 1,768 shares of the industrial products company’s stock valued at $997,000 after buying an additional 126 shares during the period. Finally, Copperwynd Financial LLC increased its position in Roper Technologies by 9.8% during the 2nd quarter. Copperwynd Financial LLC now owns 1,832 shares of the industrial products company’s stock valued at $998,000 after purchasing an additional 163 shares during the period. Institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

ROP has been the subject of a number of recent analyst reports. Barclays decreased their target price 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. Mizuho increased their target price 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. Robert W. Baird increased their target price 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. Truist Financial reaffirmed a “buy” rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Finally, Royal Bank of Canada reduced 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 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 assigned a strong buy rating to the 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

NYSE ROP opened at $531.37 on Monday. The company has a market cap of $56.98 billion, a PE ratio of 38.87, a price-to-earnings-growth ratio of 2.55 and a beta of 1.04. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $580.09. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The firm’s 50-day simple moving average is $535.54 and its two-hundred day simple moving average is $544.86.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.825 per share. 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 annualized dividend and a yield of 0.62%. Roper Technologies’s dividend payout ratio is 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.