Rockland Trust Co. Grows Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Rockland Trust Co. grew its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,994 shares of the industrial products company's stock after purchasing an additional 1,503 shares during the quarter. Rockland Trust Co.'s holdings in Roper Technologies were worth $18,711,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fairscale Capital LLC bought a new stake in shares of Roper Technologies in the 2nd quarter valued at about $28,000. Fortitude Family Office LLC bought a new stake in Roper Technologies in the third quarter valued at approximately $28,000. Global Wealth Strategies & Associates acquired a new stake in Roper Technologies in the third quarter worth $37,000. Kimelman & Baird LLC bought a new position in shares of Roper Technologies during the second quarter worth $42,000. Finally, Central Pacific Bank Trust Division grew its holdings in shares of Roper Technologies by 34.4% in the 3rd 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. 93.31% of the stock is owned by institutional investors.

Insider Transactions at Roper Technologies

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

Roper Technologies Stock Up 1.4 %

Shares of NYSE ROP traded up $7.27 during midday trading on Wednesday, hitting $517.96. 1,000,753 shares of the stock traded hands, compared to its average volume of 707,561. The business has a 50 day moving average price of $541.68 and a two-hundred day moving average price of $546.68. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $580.09. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The company has a market cap of $55.54 billion, a PE ratio of 37.89, a P/E/G ratio of 2.84 and a beta of 1.04.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the business posted $4.32 earnings per share. The company's quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities analysts predict that Roper Technologies, Inc. will post 18.26 EPS for the current year.

Roper Technologies Increases Dividend

The firm 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 0.64%. The ex-dividend date of this dividend is Friday, January 3rd. 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%.

Analyst Ratings Changes

ROP has been the subject of a number of research analyst reports. Mizuho boosted their target price on Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Oppenheimer assumed coverage on shares of Roper Technologies in a report on Monday, December 23rd. They set an "outperform" rating and a $630.00 target price on the stock. Robert W. Baird lifted their price target 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. Barclays dropped their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating on the stock in a report on Wednesday, January 8th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $623.33.

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.