Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Raub Brock Capital Management LP

Raub Brock Capital Management LP boosted its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 30,840 shares of the industrial products company's stock after buying an additional 650 shares during the quarter. Roper Technologies makes up 3.4% of Raub Brock Capital Management LP's holdings, making the stock its 19th biggest position. Raub Brock Capital Management LP's holdings in Roper Technologies were worth $16,032,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairscale Capital LLC acquired a new position in shares of Roper Technologies during the 2nd quarter worth approximately $28,000. Fortitude Family Office LLC acquired a new position in Roper Technologies during the third quarter worth $28,000. Global Wealth Strategies & Associates purchased a new position in Roper Technologies during the third quarter valued at $37,000. Kimelman & Baird LLC acquired a new stake in shares of Roper Technologies in the second quarter valued at about $42,000. Finally, Central Pacific Bank Trust Division increased its stake in shares of Roper Technologies by 34.4% during the third quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company's stock worth $48,000 after purchasing an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the sale, the director now owns 32,955 shares in the company, valued at approximately $18,125,250. This trade represents a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.87% of the company's stock.

Analysts Set New Price Targets

ROP has been the topic of several research analyst reports. Barclays lowered 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. Royal Bank of Canada lowered their price target on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. 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 note on Thursday, October 24th. Robert W. Baird lifted their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, Oppenheimer assumed coverage on shares of Roper Technologies in a research report on Monday, December 23rd. They issued an "outperform" rating and a $630.00 target price for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Roper Technologies has a consensus rating of "Moderate Buy" and an average price target of $623.33.

Roper Technologies Trading Up 0.6 %

Roper Technologies stock traded up $3.22 during midday trading on Friday, hitting $522.32. 763,769 shares of the stock were exchanged, compared to its average volume of 575,356. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The stock's 50-day simple moving average is $538.78 and its 200 day simple moving average is $545.89. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $580.09. The stock has a market capitalization of $56.01 billion, a price-to-earnings ratio of 38.21, a PEG ratio of 2.40 and a beta of 1.04.

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 (EPS) 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 revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $4.32 EPS. On average, equities analysts anticipate that Roper Technologies, Inc. will post 18.29 EPS for the current 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 issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, January 3rd. This is a boost from Roper Technologies's previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.63%. Roper Technologies's dividend payout ratio is currently 24.14%.

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.