Oak Ridge Investments LLC Sells 13,644 Shares of Roper Technologies, Inc. (NYSE:ROP)

Oak Ridge Investments LLC trimmed its holdings in Roper Technologies, Inc. (NYSE:ROP) by 90.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,495 shares of the industrial products company’s stock after selling 13,644 shares during the period. Oak Ridge Investments LLC’s holdings in Roper Technologies were worth $777,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Smith Salley Wealth Management boosted its position in Roper Technologies by 1.4% during the fourth quarter. Smith Salley Wealth Management now owns 34,866 shares of the industrial products company’s stock worth $18,125,000 after purchasing an additional 481 shares during the period. Raub Brock Capital Management LP boosted its holdings in shares of Roper Technologies by 2.2% during the 4th quarter. Raub Brock Capital Management LP now owns 30,840 shares of the industrial products company’s stock worth $16,032,000 after buying an additional 650 shares during the period. Ameritas Advisory Services LLC grew its stake in Roper Technologies by 18.6% in the 4th quarter. Ameritas Advisory Services LLC now owns 714 shares of the industrial products company’s stock valued at $371,000 after buying an additional 112 shares during the last quarter. Trust Co. of Vermont raised its holdings in Roper Technologies by 167.5% in the 4th quarter. Trust Co. of Vermont now owns 1,086 shares of the industrial products company’s stock valued at $565,000 after acquiring an additional 680 shares during the period. Finally, B & T Capital Management DBA Alpha Capital Management lifted its position in Roper Technologies by 0.8% during the fourth quarter. B & T Capital Management DBA Alpha Capital Management now owns 5,493 shares of the industrial products company’s stock worth $2,856,000 after acquiring an additional 44 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was 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 in the company, valued at $18,125,250. The trade was a 2.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Oppenheimer started coverage on Roper Technologies in a report on Monday, December 23rd. They set an “outperform” rating and a $630.00 price target for the company. Mizuho boosted their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Truist Financial reiterated a “buy” rating and issued a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Royal Bank of Canada lowered their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, Robert W. Baird boosted their price target on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $623.33.

Roper Technologies Trading Up 0.6 %

Shares of ROP opened at $522.32 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $580.09. The firm has a market cap of $56.01 billion, a price-to-earnings ratio of 38.21, a PEG ratio of 2.40 and a beta of 1.04. The business’s fifty day moving average is $538.78 and its 200-day moving average is $545.89.

Roper Technologies (NYSE:ROP) last issued 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. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The firm 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 business’s quarterly revenue was up 11.7% on a year-over-year basis. Equities analysts anticipate 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. Shareholders of record on Friday, January 3rd were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Friday, January 3rd. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s payout ratio is presently 24.14%.

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.