Wesbanco Bank Inc. Reduces Stake in Roper Technologies, Inc. (NYSE:ROP)

Wesbanco Bank Inc. cut its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,007 shares of the industrial products company’s stock after selling 36 shares during the quarter. Wesbanco Bank Inc.’s holdings in Roper Technologies were worth $1,563,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Park Place Capital Corp lifted its position in Roper Technologies by 34.3% during the fourth quarter. Park Place Capital Corp now owns 2,155 shares of the industrial products company’s stock valued at $1,120,000 after purchasing an additional 550 shares during the period. Advisory Alpha LLC lifted its holdings in shares of Roper Technologies by 17.2% in the 4th quarter. Advisory Alpha LLC now owns 457 shares of the industrial products company’s stock valued at $238,000 after buying an additional 67 shares during the period. Dakota Wealth Management boosted its stake in shares of Roper Technologies by 11.5% in the fourth quarter. Dakota Wealth Management now owns 11,343 shares of the industrial products company’s stock worth $5,897,000 after buying an additional 1,171 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Roper Technologies by 99.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 70,139 shares of the industrial products company’s stock worth $36,462,000 after acquiring an additional 34,944 shares during the period. Finally, Simon Quick Advisors LLC raised its position in Roper Technologies by 49.9% during the fourth quarter. Simon Quick Advisors LLC now owns 607 shares of the industrial products company’s stock valued at $316,000 after acquiring an additional 202 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Price Performance

Shares of Roper Technologies stock opened at $533.24 on Friday. The business has a 50 day simple moving average of $536.51 and a two-hundred day simple moving average of $545.22. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $580.09. 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 stock has a market capitalization of $57.18 billion, a P/E ratio of 39.01, a PEG ratio of 2.53 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 EPS for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business earned $4.32 earnings per share. As a group, analysts predict that Roper Technologies, Inc. will post 18.29 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a $0.825 dividend. 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 dividend on an annualized basis and a yield of 0.62%. Roper Technologies’s dividend payout ratio is presently 24.14%.

Analyst Upgrades and Downgrades

ROP has been the topic of several recent research reports. Truist Financial restated a “buy” rating and issued a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Barclays dropped 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, 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 research note on Thursday, October 24th. Royal Bank of Canada cut their price target 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. Finally, Mizuho increased their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $624.38.

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.