American Trust Cuts Position in Roper Technologies, Inc. (NYSE:ROP)

American Trust lessened its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 18.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,936 shares of the industrial products company's stock after selling 914 shares during the period. American Trust's holdings in Roper Technologies were worth $2,190,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Fairscale Capital LLC acquired a new stake in shares of Roper Technologies during the 2nd quarter valued at $28,000. Fortitude Family Office LLC acquired a new stake in shares of Roper Technologies during the third quarter valued at about $28,000. Valley Wealth Managers Inc. acquired a new position in shares of Roper Technologies in the second quarter valued at approximately $31,000. Global Wealth Strategies & Associates bought a new position in Roper Technologies in the 3rd quarter valued at approximately $37,000. Finally, Kimelman & Baird LLC bought a new stake in Roper Technologies during the 2nd quarter worth approximately $42,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ROP. Robert W. Baird raised their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Royal Bank of Canada cut their target price on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Jefferies Financial Group increased their price target on Roper Technologies from $625.00 to $635.00 and gave the company a "buy" rating in a research note on Friday, August 16th. Truist Financial reaffirmed a "buy" rating and issued a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Finally, Barclays reiterated an "underweight" rating and issued a $569.00 target price (down from $625.00) on shares of Roper Technologies in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $615.20.

Roper Technologies Trading Down 0.8 %

Shares of NYSE:ROP traded down $4.37 during mid-day trading on Friday, hitting $543.66. The company had a trading volume of 590,246 shares, compared to its average volume of 495,785. 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 one year low of $508.22 and a one year high of $580.09. The firm has a fifty day moving average price of $554.13 and a 200 day moving average price of $551.56. The company has a market capitalization of $58.30 billion, a PE ratio of 40.09, a price-to-earnings-growth ratio of 2.87 and a beta of 1.02.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating the consensus estimate of $4.53 by $0.09. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The business's quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.32 earnings per share. As a group, research analysts forecast that Roper Technologies, Inc. will post 18.26 EPS for the current year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Friday, January 3rd. This is a boost from Roper Technologies's previous quarterly dividend of $0.75. Roper Technologies's dividend payout ratio (DPR) is 21.95%.

Insider Activity

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 sale, the director now owns 32,955 shares in the company, valued at $18,125,250. This represents a 2.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.87% of the company's stock.

Roper Technologies Company 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.