Fulton Breakefield Broenniman LLC Sells 143 Shares of Roper Technologies, Inc. (NYSE:ROP)

Fulton Breakefield Broenniman LLC cut its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,669 shares of the industrial products company’s stock after selling 143 shares during the period. Roper Technologies comprises approximately 1.1% of Fulton Breakefield Broenniman LLC’s holdings, making the stock its 27th largest position. Fulton Breakefield Broenniman LLC’s holdings in Roper Technologies were worth $15,943,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ROP. Wellington Management Group LLP raised its stake in Roper Technologies by 87.8% during the 3rd quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock valued at $410,977,000 after buying an additional 345,268 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Roper Technologies during the 4th quarter valued at $69,382,000. Loomis Sayles & Co. L P grew its position in shares of Roper Technologies by 25.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company’s stock valued at $360,811,000 after acquiring an additional 132,913 shares during the period. State Street Corp boosted its holdings in Roper Technologies by 2.9% in the 3rd quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock worth $2,632,199,000 after buying an additional 132,575 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in Roper Technologies by 37.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 427,943 shares of the industrial products company’s stock worth $238,125,000 after buying an additional 116,523 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ROP has been the subject of several recent analyst reports. 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. Truist Financial reissued a “buy” rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Robert W. Baird increased 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. TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their price objective for the company from $535.00 to $615.00 in a report on Tuesday. 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 on the stock in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $623.33.

Roper Technologies Price Performance

NYSE ROP opened at $549.62 on Wednesday. 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 firm’s 50 day moving average price is $535.38 and its 200-day moving average price is $544.76. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $580.09. The company has a market cap of $58.94 billion, a PE ratio of 29.89, a P/E/G ratio of 2.55 and a beta of 1.04.

Roper Technologies Increases Dividend

The company 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. This represents a $3.30 annualized dividend and a yield of 0.60%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, January 3rd. Roper Technologies’s dividend payout ratio (DPR) is 24.14%.

Roper Technologies Company 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.