Roper Technologies, Inc. (NYSE:ROP) Position Boosted by CCLA Investment Management

CCLA Investment Management lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 286,508 shares of the industrial products company’s stock after purchasing an additional 11,818 shares during the quarter. Roper Technologies comprises approximately 2.4% of CCLA Investment Management’s holdings, making the stock its 10th largest holding. CCLA Investment Management’s holdings in Roper Technologies were worth $148,898,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ROP. Ledyard National Bank grew its stake in Roper Technologies by 2.1% during the third quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock worth $499,000 after buying an additional 18 shares during the period. Cromwell Holdings LLC lifted its holdings in shares of Roper Technologies by 6.8% during the 3rd quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock valued at $185,000 after acquiring an additional 21 shares in the last quarter. Hibernia Wealth Partners LLC boosted its position in Roper Technologies by 4.2% during the 3rd quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company’s stock worth $291,000 after purchasing an additional 21 shares during the period. Ballast Advisors LLC increased its holdings in Roper Technologies by 1.3% in the 3rd quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock valued at $921,000 after purchasing an additional 21 shares in the last quarter. Finally, Central Pacific Bank Trust Division raised its position in 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 valued at $48,000 after purchasing an additional 22 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of 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 SEC, which is available through the SEC website. 0.87% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ROP shares. Truist Financial reaffirmed a “buy” rating and issued a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Royal Bank of Canada lowered their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Barclays reduced their target price 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. 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 target for the company. Finally, Robert W. Baird boosted their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have given 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, Roper Technologies presently has an average rating of “Moderate Buy” and an average target price of $623.33.

Roper Technologies Price Performance

ROP opened at $510.69 on Wednesday. The company has a 50-day moving average of $541.68 and a 200-day moving average of $546.68. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $580.09. The company has a market capitalization of $54.76 billion, a P/E ratio of 37.36, a PEG ratio of 2.84 and a beta of 1.04. 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 (NYSE:ROP) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the company earned $4.32 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. Equities analysts expect that Roper Technologies, Inc. will post 18.26 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently declared 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 is an increase from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.65%. Roper Technologies’s payout ratio 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.