Hamilton Point Investment Advisors LLC Raises Stake in Roper Technologies, Inc. (ROP)

Hamilton Point Investment Advisors LLC Raises Stake in Roper Technologies, Inc. (ROP)

Hamilton Point Investment Advisors LLC raised its position in Roper Technologies, Inc. (NYSE:ROP) by 2.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,663 shares of the company’s stock after buying an additional 675 shares during the period. Roper Technologies comprises approximately 3.1% of Hamilton Point Investment Advisors LLC’s holdings, making the stock its largest position. Hamilton Point Investment Advisors LLC’s holdings in Roper Technologies were worth $4,865,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in ROP. Creative Planning increased its position in shares of Roper Technologies by 126.2% in the third quarter. Creative Planning now owns 647 shares of the company’s stock valued at $118,000 after buying an additional 361 shares during the period. MSI Financial Services Inc increased its position in shares of Roper Technologies by 32.8% in the third quarter. MSI Financial Services Inc now owns 927 shares of the company’s stock valued at $169,000 after buying an additional 229 shares during the period. Starfire Investment Advisers Inc. purchased a new position in shares of Roper Technologies during the third quarter valued at about $201,000. Advisor Partners LLC purchased a new position in shares of Roper Technologies during the third quarter valued at about $216,000. Finally, Huntington National Bank increased its position in shares of Roper Technologies by 812.0% in the third quarter. Huntington National Bank now owns 1,295 shares of the company’s stock valued at $236,000 after buying an additional 1,153 shares during the period. 97.28% of the stock is owned by hedge funds and other institutional investors.

Shares of Roper Technologies, Inc. (NYSE:ROP) opened at 192.86 on Friday. The company has a market capitalization of $19.56 billion, a PE ratio of 28.80 and a beta of 0.87. Roper Technologies, Inc. has a 12 month low of $157.18 and a 12 month high of $192.92. The firm has a 50-day moving average of $187.25 and a 200 day moving average of $179.27.

The company also recently announced a quarterly dividend, which was paid on Monday, January 23rd. Investors of record on Monday, January 9th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.73%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, January 5th. Roper Technologies’s dividend payout ratio is presently 20.90%.

ROP has been the subject of several analyst reports. Argus initiated coverage on shares of Roper Technologies in a report on Wednesday, October 19th. They set a “hold” rating for the company. Royal Bank Of Canada boosted their price target on shares of Roper Technologies from $211.00 to $214.00 and gave the company an “outperform” rating in a report on Tuesday, November 1st. Citigroup Inc. raised shares of Roper Technologies to an “outperform” rating and set a $225.00 price target for the company in a report on Friday, January 6th. J P Morgan Chase & Co raised shares of Roper Technologies from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $177.00 to $219.00 in a report on Friday, January 13th. Finally, RBC Capital Markets reissued a “buy” rating and set a $214.00 price target on shares of Roper Technologies in a report on Thursday, January 5th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Roper Technologies has a consensus rating of “Buy” and a consensus price target of $208.78.

In related news, Director Robert D. Johnson sold 1,600 shares of the company’s stock in a transaction on Thursday, December 8th. The stock was sold at an average price of $183.34, for a total value of $293,344.00. Following the completion of the transaction, the director now directly owns 8,900 shares in the company, valued at $1,631,726. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian D. Jellison sold 108,084 shares of the company’s stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $186.00, for a total value of $20,103,624.00. Following the completion of the transaction, the chief executive officer now owns 1,375,182 shares of the company’s stock, valued at $255,783,852. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company’s stock.

About Roper Technologies

Roper Technologies, Inc, formerly Roper Industries, Inc, is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for a range of end markets, including healthcare, transportation, food, energy, water, education and academic research.

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