Roper Technologies, Inc. (NYSE:ROP) Shares Sold by First Western Trust Bank

First Western Trust Bank cut its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 13.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,394 shares of the industrial products company's stock after selling 1,629 shares during the quarter. First Western Trust Bank's holdings in Roper Technologies were worth $5,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new position in Roper Technologies in the 1st quarter worth $25,000. Fairscale Capital LLC purchased a new position in shares of Roper Technologies in the second quarter worth approximately $28,000. Fortitude Family Office LLC purchased a new position in Roper Technologies during the third quarter valued at approximately $28,000. Versant Capital Management Inc lifted its holdings in Roper Technologies by 58.8% during the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 20 shares in the last quarter. Finally, Valley Wealth Managers Inc. bought a new stake in shares of Roper Technologies during the second quarter valued at approximately $31,000. Institutional investors own 93.31% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Baird R W upgraded shares of Roper Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 25th. Oppenheimer reduced their target price on shares of Roper Technologies from $650.00 to $630.00 and set an "outperform" rating for the company in a report on Thursday, July 25th. Jefferies Financial Group increased their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Truist Financial reiterated a "buy" rating and set a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Finally, Royal Bank of Canada reduced their price objective on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $620.80.

Roper Technologies Stock Performance

Shares of NYSE:ROP traded down $0.55 during trading on Monday, reaching $547.68. The company had a trading volume of 302,613 shares, compared to its average volume of 495,401. The firm has a market capitalization of $58.73 billion, a price-to-earnings ratio of 40.10, a price-to-earnings-growth ratio of 2.86 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The stock's fifty day moving average price is $552.39 and its 200 day moving average price is $548.19. Roper Technologies, Inc. has a fifty-two week low of $508.22 and a fifty-two week high of $579.10.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the business earned $4.32 earnings per share. The company's revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, equities research analysts predict that Roper Technologies, Inc. will post 18.24 EPS for the current year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. This is an increase from Roper Technologies's previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 3rd. Roper Technologies's payout ratio is presently 21.95%.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 1,000 shares of the firm's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the transaction, the director now directly owns 32,955 shares in the company, valued at $18,125,250. This trade represents a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.87% of the stock is owned by company insiders.

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.