Roper Technologies, Inc. (NYSE:ROP) Holdings Decreased by Inspire Investing LLC

Inspire Investing LLC decreased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,839 shares of the industrial products company’s stock after selling 132 shares during the quarter. Roper Technologies makes up 0.7% of Inspire Investing LLC’s investment portfolio, making the stock its 22nd largest position. Inspire Investing LLC’s holdings in Roper Technologies were worth $6,155,000 as of its most recent filing with the Securities and Exchange Commission.

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

Roper Technologies Trading Up 0.7 %

ROP stock opened at $534.45 on Thursday. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $580.09. The firm has a market cap of $57.31 billion, a P/E ratio of 39.10, a P/E/G ratio of 2.53 and a beta of 1.04. The business’s 50 day moving average is $536.51 and its 200-day moving average is $545.22. 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 (NYSE:ROP) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping the consensus estimate of $4.53 by $0.09. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. Roper Technologies’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $4.32 EPS. Equities 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 disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.825 per share. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.62%. Roper Technologies’s dividend payout ratio is currently 24.14%.

Analyst Ratings Changes

Several research firms recently weighed in on ROP. Mizuho boosted their price objective on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Oppenheimer began 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. Truist Financial reissued a “buy” rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Barclays cut their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada cut their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.