Fulton Bank N.A. lessened its holdings in shares of Roper Technologies, Inc. (NYSE:ROP – Free Report) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,091 shares of the industrial products company’s stock after selling 69 shares during the quarter. Fulton Bank N.A.’s holdings in Roper Technologies were worth $4,726,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Ledyard National Bank lifted its stake in shares of Roper Technologies by 2.1% in the 3rd quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock valued at $499,000 after purchasing an additional 18 shares during the last quarter. Cromwell Holdings LLC lifted its position in shares of Roper Technologies by 6.8% in the third quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock worth $185,000 after buying an additional 21 shares during the last quarter. Hibernia Wealth Partners LLC boosted its stake in shares of Roper Technologies by 4.2% during the 3rd quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company’s stock worth $291,000 after acquiring an additional 21 shares in the last quarter. Ballast Advisors LLC raised its stake in shares of Roper Technologies by 1.3% in the 3rd quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock valued at $921,000 after acquiring an additional 21 shares in the last quarter. Finally, Central Pacific Bank Trust Division lifted its holdings 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 during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
ROP has been the subject of a number of analyst reports. Oppenheimer started coverage on shares of 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 reiterated a “buy” rating and set a $665.00 price target (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Mizuho raised their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird upped their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Barclays decreased their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $623.33.
Insiders Place Their Bets
In related news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the transaction, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. This trade represents a 2.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.87% of the company’s stock.
Roper Technologies Price Performance
NYSE:ROP traded up $0.57 during trading hours on Wednesday, reaching $507.67. The company had a trading volume of 288,310 shares, compared to its average volume of 600,065. 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 stock has a 50-day moving average of $545.06 and a two-hundred day moving average of $548.56. Roper Technologies, Inc. has a one year low of $504.30 and a one year high of $580.09. The firm has a market capitalization of $54.44 billion, a PE ratio of 37.14, a PEG ratio of 2.84 and a beta of 1.04.
Roper Technologies (NYSE:ROP – Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the firm posted $4.32 EPS. The business’s revenue was up 11.7% on a year-over-year basis. Analysts forecast that Roper Technologies, Inc. will post 18.26 earnings per share for the current year.
Roper Technologies Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Friday, January 3rd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio (DPR) 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.
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