Oak Thistle LLC Lowers Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Oak Thistle LLC decreased its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 43.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,635 shares of the industrial products company's stock after selling 1,239 shares during the period. Oak Thistle LLC's holdings in Roper Technologies were worth $850,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. SeaCrest Wealth Management LLC increased its position in shares of Roper Technologies by 5.9% during the 4th quarter. SeaCrest Wealth Management LLC now owns 433 shares of the industrial products company's stock worth $225,000 after purchasing an additional 24 shares during the last quarter. Signal Advisors Wealth LLC increased its position in shares of Roper Technologies by 42.0% during the fourth quarter. Signal Advisors Wealth LLC now owns 5,816 shares of the industrial products company's stock valued at $3,023,000 after acquiring an additional 1,719 shares during the last quarter. Ayrshire Capital Management LLC raised its stake in shares of Roper Technologies by 2.3% in the 4th quarter. Ayrshire Capital Management LLC now owns 13,126 shares of the industrial products company's stock valued at $6,823,000 after acquiring an additional 289 shares during the period. Marion Wealth Management lifted its holdings in shares of Roper Technologies by 3.6% in the 4th quarter. Marion Wealth Management now owns 6,285 shares of the industrial products company's stock worth $3,267,000 after acquiring an additional 220 shares during the last quarter. Finally, Miracle Mile Advisors LLC boosted its position in shares of Roper Technologies by 10.4% during the 4th quarter. Miracle Mile Advisors LLC now owns 2,963 shares of the industrial products company's stock worth $1,540,000 after purchasing an additional 279 shares during the period. Institutional investors and hedge funds own 93.31% of the company's stock.

Analyst Upgrades and Downgrades

ROP has been the topic of a number of research analyst reports. Oppenheimer initiated coverage on Roper Technologies in a research report on Monday, December 23rd. They issued an "outperform" rating and a $630.00 target price on the stock. Mizuho increased their target price on Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Truist Financial restated a "buy" rating and set a $665.00 target price (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Robert W. Baird boosted their price target 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, 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 research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $623.33.

Roper Technologies Stock Up 0.2 %

NYSE:ROP traded up $1.14 during mid-day trading on Thursday, hitting $519.10. The stock had a trading volume of 619,726 shares, compared to its average volume of 667,292. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $580.09. The stock has a 50-day simple moving average of $540.75 and a two-hundred day simple moving average of $546.48. 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 company has a market capitalization of $55.66 billion, a PE ratio of 37.97, a PEG ratio of 2.40 and a beta of 1.04.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $1.75 billion for 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 period last year, the business earned $4.32 EPS. On average, equities research analysts anticipate that Roper Technologies, Inc. will post 18.29 EPS for the current year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.825 per share. This is a boost from Roper Technologies's previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Friday, January 3rd. Roper Technologies's dividend payout ratio is currently 24.14%.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the firm's 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 transaction, the director now owns 32,955 shares of the company's stock, valued at approximately $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.87% of the company's stock.

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.