MassMutual Private Wealth & Trust FSB Acquires 576 Shares of Roper Technologies, Inc. (NYSE:ROP)

MassMutual Private Wealth & Trust FSB raised its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,916 shares of the industrial products company's stock after buying an additional 576 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Roper Technologies were worth $17,631,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. 3Chopt Investment Partners LLC acquired a new position in shares of Roper Technologies in the 2nd quarter worth $220,000. AE Wealth Management LLC boosted its position in Roper Technologies by 64.8% during the second quarter. AE Wealth Management LLC now owns 816 shares of the industrial products company's stock valued at $460,000 after purchasing an additional 321 shares during the last quarter. Sei Investments Co. raised its position in Roper Technologies by 55.4% during the second quarter. Sei Investments Co. now owns 45,702 shares of the industrial products company's stock valued at $25,759,000 after acquiring an additional 16,288 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of Roper Technologies by 11.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 7,341 shares of the industrial products company's stock valued at $4,138,000 after purchasing an additional 756 shares in the last quarter. Finally, Summit Trail Advisors LLC raised its holdings in Roper Technologies by 128.1% during the second quarter. Summit Trail Advisors LLC now owns 2,187 shares of the industrial products company's stock valued at $1,233,000 after buying an additional 1,228 shares in the last quarter. Institutional investors own 93.31% of the company's stock.

Insider Activity

In related news, Director Richard F. Wallman sold 1,000 shares of the firm's stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.87% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Oppenheimer began coverage on shares of Roper Technologies in a research note on Monday, December 23rd. They issued an "outperform" rating and a $630.00 price objective for the company. Barclays decreased their price objective on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a report on Wednesday, January 8th. Robert W. Baird upped 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. Truist Financial reiterated a "buy" rating and issued a $665.00 price target (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Finally, Royal Bank of Canada dropped 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. One research analyst has rated the stock with a sell rating, two have issued 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, the company presently has an average rating of "Moderate Buy" and a consensus price target of $623.33.

Roper Technologies Trading Up 0.6 %

NYSE ROP traded up $3.22 during trading hours on Monday, hitting $522.32. The company's stock had a trading volume of 763,769 shares, compared to its average volume of 575,356. The stock has a fifty day moving average of $538.78 and a 200 day moving average of $545.79. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $56.01 billion, a P/E ratio of 38.21, a PEG ratio of 2.40 and a beta of 1.04. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $580.09.

Roper Technologies (NYSE:ROP - Get Free Report) last announced 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 net margin of 21.78% and a return on equity of 10.73%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the company posted $4.32 EPS. Roper Technologies's revenue for the quarter was up 11.7% on a year-over-year basis. Equities research analysts forecast that Roper Technologies, Inc. will post 18.29 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were given a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.63%. This is a positive change from Roper Technologies's previous quarterly dividend of $0.75. Roper Technologies's dividend payout ratio (DPR) is currently 24.14%.

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.