Moors & Cabot Inc. Reduces Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Moors & Cabot Inc. trimmed its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 627 shares of the industrial products company’s stock after selling 32 shares during the period. Moors & Cabot Inc.’s holdings in Roper Technologies were worth $349,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its holdings in shares of Roper Technologies by 15.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 4,036 shares of the industrial products company’s stock valued at $2,246,000 after buying an additional 549 shares during the period. Kirtland Hills Capital Management LLC lifted its holdings in Roper Technologies by 6.4% in the third quarter. Kirtland Hills Capital Management LLC now owns 3,203 shares of the industrial products company’s stock valued at $1,782,000 after acquiring an additional 193 shares during the period. Commerce Bank boosted its position in Roper Technologies by 3.1% in the third quarter. Commerce Bank now owns 6,538 shares of the industrial products company’s stock worth $3,638,000 after purchasing an additional 195 shares during the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of Roper Technologies by 2.9% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 22,774 shares of the industrial products company’s stock valued at $12,672,000 after purchasing an additional 634 shares during the period. Finally, Prospera Private Wealth LLC purchased a new stake in shares of Roper Technologies during the 3rd quarter valued at about $4,350,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Price Performance

ROP stock opened at $560.14 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The company’s fifty day moving average price is $552.43 and its 200-day moving average price is $549.23. Roper Technologies, Inc. has a one year low of $508.22 and a one year high of $579.10. The company has a market capitalization of $60.06 billion, a PE ratio of 40.98, a price-to-earnings-growth ratio of 2.89 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the firm earned $4.32 EPS. The business’s revenue was up 11.7% on a year-over-year basis. On average, equities analysts anticipate that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 3rd. Roper Technologies’s dividend payout ratio is 21.95%.

Insider Activity

In related news, Director Richard F. Wallman sold 1,000 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the sale, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ROP shares. Jefferies Financial Group boosted their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Robert W. Baird upped their price objective on 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 lowered their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Truist Financial restated a “buy” rating and issued a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Finally, Mizuho boosted their price objective on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $620.80.

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.