Ballentine Partners LLC Raises Stake in Roper Technologies, Inc. (NYSE:ROP)

Ballentine Partners LLC lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.7% during the 4th quarter, Holdings Channel reports. The fund owned 1,662 shares of the industrial products company’s stock after buying an additional 27 shares during the quarter. Ballentine Partners LLC’s holdings in Roper Technologies were worth $864,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of ROP. Fortitude Family Office LLC purchased a new position in Roper Technologies during the third quarter worth about $28,000. Global Wealth Strategies & Associates acquired a new position in Roper Technologies in the third quarter valued at approximately $37,000. Kimelman & Baird LLC purchased a new position in Roper Technologies in the second quarter worth approximately $42,000. Central Pacific Bank Trust Division increased its stake in Roper Technologies by 34.4% during the third quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 22 shares during the last quarter. Finally, Versant Capital Management Inc raised its position in Roper Technologies by 40.7% in the fourth quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 33 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Price Performance

ROP stock opened at $534.45 on Thursday. The business’s 50-day moving average is $537.24 and its two-hundred day moving average is $545.29. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The firm has a market capitalization of $57.31 billion, a P/E ratio of 39.10, a P/E/G ratio of 2.49 and a beta of 1.04. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $580.09.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) 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 company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the firm earned $4.32 earnings per share. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. Analysts anticipate that Roper Technologies, Inc. will post 18.29 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a dividend of $0.825 per share. The ex-dividend date was Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.62%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s payout ratio is presently 24.14%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Oppenheimer initiated coverage on Roper Technologies in a research report on Monday, December 23rd. They set an “outperform” rating and a $630.00 price objective for the company. Robert W. Baird boosted their price target 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. Barclays lowered their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Mizuho boosted their target price on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada dropped their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $624.38.

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.