Vise Technologies Inc. Increases Stake in Roper Technologies, Inc. (NYSE:ROP)

Vise Technologies Inc. grew its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 192.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,592 shares of the industrial products company's stock after purchasing an additional 1,048 shares during the quarter. Vise Technologies Inc.'s holdings in Roper Technologies were worth $828,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ROP. VSM Wealth Advisory LLC bought a new stake in shares of Roper Technologies in the fourth quarter valued at $26,000. CoreFirst Bank & Trust purchased a new stake in Roper Technologies in the 4th quarter worth about $36,000. Parvin Asset Management LLC bought a new stake in Roper Technologies in the 4th quarter valued at about $39,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Roper Technologies by 7,500.0% during the fourth 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. Finally, OFI Invest Asset Management bought a new position in Roper Technologies during the fourth quarter worth about $38,000. 93.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on ROP. Raymond James restated a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. Stifel Nicolaus dropped their target price on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Mizuho set a $600.00 price target on Roper Technologies in a report on Friday, May 16th. Truist Financial reiterated a "buy" rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Price Performance

Shares of ROP stock traded down $4.69 during trading on Wednesday, hitting $569.13. The company had a trading volume of 360,901 shares, compared to its average volume of 547,348. The stock's 50-day moving average is $565.32 and its two-hundred day moving average is $557.37. The stock has a market capitalization of $61.19 billion, a price-to-earnings ratio of 39.69, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, topping analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same period last year, the business posted $4.41 EPS. The firm's revenue was up 12.0% compared to the same quarter last year. As a group, analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Friday, April 4th. Roper Technologies's payout ratio is currently 23.81%.

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.