Roper Technologies, Inc. (NYSE:ROP) is CCLA Investment Management's 10th Largest Position

CCLA Investment Management lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 286,508 shares of the industrial products company's stock after acquiring an additional 11,818 shares during the quarter. Roper Technologies makes up approximately 2.4% of CCLA Investment Management's holdings, making the stock its 10th biggest holding. CCLA Investment Management owned about 0.27% of Roper Technologies worth $148,898,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Fairscale Capital LLC purchased a new position in Roper Technologies during the second quarter valued at approximately $28,000. Fortitude Family Office LLC purchased a new position in Roper Technologies during the third quarter valued at approximately $28,000. Global Wealth Strategies & Associates acquired a new stake in Roper Technologies in the third quarter valued at approximately $37,000. Kimelman & Baird LLC acquired a new stake in Roper Technologies in the second quarter valued at approximately $42,000. Finally, Central Pacific Bank Trust Division boosted its stake 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 acquiring an additional 22 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction on 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 transaction, the director now owns 32,955 shares of the company's stock, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Stock Performance

NYSE ROP traded up $7.27 on Wednesday, reaching $517.96. 1,000,753 shares of the company's stock traded hands, compared to its average volume of 707,561. The firm has a market cap of $55.54 billion, a price-to-earnings ratio of 37.89, a P/E/G ratio of 2.84 and a beta of 1.04. The stock has a 50 day moving average price of $541.68 and a 200-day moving average price of $546.68. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $580.09. 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 - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.53 by $0.09. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm's quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm posted $4.32 earnings per share. Equities research analysts predict that Roper Technologies, Inc. will post 18.26 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. Shareholders of record on Friday, January 3rd will be issued a $0.825 dividend. This is a boost from Roper Technologies's previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.64%. Roper Technologies's payout ratio is presently 24.14%.

Analyst Upgrades and Downgrades

ROP has been the subject of several recent analyst reports. Truist Financial restated a "buy" rating and issued a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Oppenheimer initiated coverage on shares of Roper Technologies in a research note on Monday, December 23rd. They issued an "outperform" rating and a $630.00 target price for the company. Barclays lowered their target price on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research note on Wednesday, January 8th. Robert W. Baird raised their target price 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. Finally, Mizuho raised their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $623.33.

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.