Manitou Investment Management Ltd. Increases Stake in Roper Technologies, Inc. (NYSE:ROP)

Manitou Investment Management Ltd. increased its stake in Roper Technologies, Inc. (NYSE:ROP) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,343 shares of the industrial products company’s stock after buying an additional 117 shares during the period. Roper Technologies accounts for 6.7% of Manitou Investment Management Ltd.’s portfolio, making the stock its 7th largest position. Manitou Investment Management Ltd. owned approximately 0.06% of Roper Technologies worth $33,969,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Fortitude Family Office LLC purchased a new stake in Roper Technologies during the 3rd quarter valued at $28,000. Global Wealth Strategies & Associates purchased a new position in Roper Technologies during the third quarter valued at approximately $37,000. Kimelman & Baird LLC bought a new position in Roper Technologies in the 2nd quarter worth $42,000. Central Pacific Bank Trust Division grew its position in shares of 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 purchasing an additional 22 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Roper Technologies by 40.7% during the fourth quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company’s stock valued at $59,000 after buying an additional 33 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on ROP shares. Oppenheimer started coverage on shares of Roper Technologies in a 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 objective on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada reduced their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Barclays decreased their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Finally, Mizuho upped their target price 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $624.38.

Roper Technologies Trading Down 0.2 %

Shares of NYSE ROP opened at $533.24 on Friday. The business has a fifty day moving average price of $536.51 and a 200 day moving average price of $545.22. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $580.09. The stock has a market capitalization of $57.18 billion, a P/E ratio of 39.01, a price-to-earnings-growth ratio of 2.55 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last issued its 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. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $4.32 EPS. Equities research analysts expect that Roper Technologies, Inc. will post 18.29 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.62%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, January 3rd. 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.