Oak Ridge Investments LLC Has $777,000 Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Oak Ridge Investments LLC decreased its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 90.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,495 shares of the industrial products company's stock after selling 13,644 shares during the quarter. Oak Ridge Investments LLC's holdings in Roper Technologies were worth $777,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Fairscale Capital LLC acquired a new stake in Roper Technologies in the 2nd quarter worth approximately $28,000. Fortitude Family Office LLC acquired a new stake in Roper Technologies in the 3rd quarter worth $28,000. Global Wealth Strategies & Associates bought a new position in shares of Roper Technologies during the 3rd quarter worth about $37,000. Kimelman & Baird LLC acquired a new position in shares of Roper Technologies during the second quarter valued at about $42,000. Finally, Central Pacific Bank Trust Division lifted its stake in shares of 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 buying an additional 22 shares during the period. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Price Performance

Shares of Roper Technologies stock traded up $3.22 during mid-day trading on Monday, reaching $522.32. 763,769 shares of the stock were exchanged, compared to its average volume of 575,356. 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 market cap of $56.01 billion, a price-to-earnings ratio of 38.21, a price-to-earnings-growth ratio of 2.40 and a beta of 1.04. The firm has a 50-day simple moving average of $538.78 and a 200 day simple moving average of $545.79. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping the consensus estimate of $4.53 by $0.09. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The company's revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $4.32 earnings per share. On average, sell-side analysts predict that Roper Technologies, Inc. will post 18.29 EPS for the current fiscal year.

Roper Technologies Increases Dividend

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

Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the company's stock in a transaction that occurred 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 transaction, the director now directly owns 32,955 shares in the company, valued at approximately $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.87% of the company's stock.

Wall Street Analyst Weigh In

ROP has been the topic of several research reports. Robert W. Baird boosted their price target on Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Barclays lowered 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. Mizuho raised their target price on Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Royal Bank of Canada lowered their price target on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Finally, Truist Financial reaffirmed a "buy" rating and set a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $623.33.

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.