Peddock Capital Advisors LLC Sells 69 Shares of Roper Technologies, Inc. (NYSE:ROP)

Peddock Capital Advisors LLC lowered its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,323 shares of the industrial products company’s stock after selling 69 shares during the period. Peddock Capital Advisors LLC’s holdings in Roper Technologies were worth $2,767,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ROP. Miracle Mile Advisors LLC boosted its holdings in shares of Roper Technologies by 10.4% in the 4th quarter. Miracle Mile Advisors LLC now owns 2,963 shares of the industrial products company’s stock worth $1,540,000 after purchasing an additional 279 shares in the last quarter. Capital Investment Advisors LLC boosted its stake in Roper Technologies by 5.9% in the fourth quarter. Capital Investment Advisors LLC now owns 3,050 shares of the industrial products company’s stock worth $1,586,000 after buying an additional 169 shares in the last quarter. Fiduciary Alliance LLC bought a new position in Roper Technologies during the fourth quarter valued at approximately $1,232,000. Threadgill Financial LLC lifted its holdings in shares of Roper Technologies by 9.7% in the 4th quarter. Threadgill Financial LLC now owns 5,345 shares of the industrial products company’s stock worth $2,779,000 after acquiring an additional 474 shares during the last quarter. Finally, Czech National Bank boosted its stake in shares of Roper Technologies by 6.5% in the 4th quarter. Czech National Bank now owns 23,249 shares of the industrial products company’s stock valued at $12,086,000 after purchasing an additional 1,412 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Stock Up 1.1 %

Roper Technologies stock traded up $5.29 on Monday, hitting $508.00. 572,681 shares of the stock traded hands, compared to its average volume of 690,203. The business’s fifty day simple moving average is $543.00 and its 200 day simple moving average is $547.43. The firm has a market cap of $54.47 billion, a P/E ratio of 37.16, a price-to-earnings-growth ratio of 2.84 and a beta of 1.04. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $580.09.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the prior year, the company earned $4.32 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Roper Technologies, Inc. will post 18.26 earnings per share for the current year.

Roper Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a $0.825 dividend. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.65%. Roper Technologies’s payout ratio is presently 24.14%.

Analyst Upgrades and Downgrades

ROP has been the topic of several recent research reports. Oppenheimer initiated coverage on Roper Technologies in a research report on Monday, December 23rd. They set an “outperform” rating and a $630.00 price target on the stock. Royal Bank of Canada lowered their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Barclays cut their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Robert W. Baird increased their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Truist Financial restated a “buy” rating and set a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $623.33.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the sale, the director now directly owns 32,955 shares in the company, valued at approximately $18,125,250. This trade represents a 2.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.87% of the stock is owned by company insiders.

Roper Technologies 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.