Union Bancaire Privee UBP SA Buys Shares of 134,886 Roper Technologies, Inc. (NYSE:ROP)

Union Bancaire Privee UBP SA purchased a new position in shares of Roper Technologies, Inc. (NYSE:ROP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 134,886 shares of the industrial products company’s stock, valued at approximately $69,382,000. Roper Technologies makes up 1.4% of Union Bancaire Privee UBP SA’s portfolio, making the stock its 21st biggest position. Union Bancaire Privee UBP SA owned approximately 0.13% of Roper Technologies at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ROP. Fortitude Family Office LLC acquired a new position in shares of Roper Technologies during the 3rd quarter worth about $28,000. Global Wealth Strategies & Associates acquired a new position in shares of Roper Technologies during the 3rd quarter worth approximately $37,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 75 shares during the last quarter. Kimelman & Baird LLC acquired a new position in shares of Roper Technologies in the second quarter valued at about $42,000. Finally, Central Pacific Bank Trust Division raised its stake in Roper Technologies by 34.4% in the 3rd quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 22 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Performance

Shares of ROP stock opened at $531.37 on Monday. 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 52 week low of $499.47 and a 52 week high of $580.09. The firm has a 50 day moving average of $535.54 and a 200-day moving average of $544.92. The company has a market cap of $56.98 billion, a price-to-earnings ratio of 29.89, a price-to-earnings-growth ratio of 2.55 and a beta of 1.04.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.825 per share. The ex-dividend date was Friday, January 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.62%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio is currently 24.14%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ROP. Mizuho increased their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Oppenheimer assumed coverage on Roper Technologies in a research note on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price objective for the company. Truist Financial restated a “buy” rating and issued a $665.00 price target (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Barclays lowered their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada decreased their target price 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 research analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $624.38.

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.