Hennion & Walsh Asset Management Inc. Lowers Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Hennion & Walsh Asset Management Inc. lessened its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 35.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,726 shares of the industrial products company's stock after selling 1,469 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Roper Technologies were worth $1,417,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ledyard National Bank increased its stake in Roper Technologies by 2.1% in the 3rd quarter. Ledyard National Bank now owns 896 shares of the industrial products company's stock worth $499,000 after purchasing an additional 18 shares during the period. Meridian Financial Partners LLC increased its stake in shares of Roper Technologies by 1.0% in the fourth quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company's stock worth $1,067,000 after buying an additional 20 shares during the period. Cromwell Holdings LLC raised its holdings in 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 buying an additional 21 shares during 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 valued at $291,000 after buying an additional 21 shares during the period. Finally, Ballast Advisors LLC boosted its holdings in shares of Roper Technologies by 1.3% during the third quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company's stock worth $921,000 after purchasing an additional 21 shares during the period. Institutional investors own 93.31% of the company's stock.

Roper Technologies Trading Up 0.6 %

ROP traded up $3.22 on Friday, hitting $522.32. The company had a trading volume of 763,769 shares, compared to its average volume of 575,356. The company has a market cap of $56.01 billion, a PE ratio of 38.21, a PEG ratio of 2.40 and a beta of 1.04. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $580.09. The business's fifty day simple moving average is $538.78 and its 200 day simple moving average is $545.89. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41.

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 (EPS) for the quarter, topping 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 business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the company earned $4.32 EPS. The business's revenue was up 11.7% compared to the same quarter last year. Equities research analysts expect that Roper Technologies, Inc. will post 18.29 EPS for the current year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were given a $0.825 dividend. The ex-dividend date was Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.63%. This is an increase from Roper Technologies's previous quarterly dividend of $0.75. Roper Technologies's dividend payout ratio is 24.14%.

Insider Activity

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.87% of the company's stock.

Analyst Ratings Changes

ROP has been the topic of a number of recent analyst reports. Barclays cut their price objective on 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 began coverage on shares of Roper Technologies in a research report on Monday, December 23rd. They set an "outperform" rating and a $630.00 price objective on the stock. Robert W. Baird lifted 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. 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 report on Thursday, October 24th. Finally, 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 report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Roper Technologies currently has an average rating of "Moderate Buy" and a consensus 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.