Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Dixon Mitchell Investment Counsel Inc.

Dixon Mitchell Investment Counsel Inc. grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 23.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 106,295 shares of the industrial products company's stock after acquiring an additional 20,011 shares during the quarter. Roper Technologies comprises about 2.6% of Dixon Mitchell Investment Counsel Inc.'s holdings, making the stock its 16th largest position. Dixon Mitchell Investment Counsel Inc. owned 0.10% of Roper Technologies worth $55,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the stock. 3Chopt Investment Partners LLC acquired a new position in shares of Roper Technologies in the 2nd quarter valued at $220,000. Federated Hermes Inc. raised its position in shares of Roper Technologies by 29.7% in the 2nd quarter. Federated Hermes Inc. now owns 4,996 shares of the industrial products company's stock worth $2,816,000 after buying an additional 1,143 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Roper Technologies by 0.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 24,631 shares of the industrial products company's stock valued at $13,884,000 after acquiring an additional 106 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Roper Technologies by 15.1% during the second quarter. Dimensional Fund Advisors LP now owns 394,274 shares of the industrial products company's stock valued at $222,235,000 after acquiring an additional 51,610 shares during the period. Finally, One Capital Management LLC acquired a new stake in Roper Technologies during the second quarter worth about $840,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the director now owns 32,955 shares of the company's stock, valued at $18,125,250. This trade represents a 2.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.87% of the company's stock.

Wall Street Analysts Forecast Growth

ROP has been the subject of a number of research reports. Mizuho boosted their target price on Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Oppenheimer started coverage on shares of Roper Technologies in a research note on Monday, December 23rd. They set an "outperform" rating and a $630.00 price objective for the company. Barclays cut 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 note on Wednesday, January 8th. Royal Bank of Canada decreased their price target 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. Finally, Truist Financial reissued a "buy" rating and issued a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $623.33.

Roper Technologies Stock Up 0.2 %

Shares of NYSE ROP traded up $1.14 during midday trading on Thursday, reaching $519.10. 619,736 shares of the company's stock were exchanged, compared to its average volume of 698,774. The stock has a market capitalization of $55.66 billion, a PE ratio of 37.97, a price-to-earnings-growth ratio of 2.40 and a beta of 1.04. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-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. The business's fifty day moving average price is $540.75 and its two-hundred day moving average price is $546.48.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly 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. The business 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 business's quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.32 earnings per share. Analysts forecast that Roper Technologies, Inc. will post 18.29 EPS for the current year.

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.825 per share. 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 annualized dividend and a dividend yield of 0.64%. Roper Technologies's dividend payout ratio (DPR) 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.