Guinness Atkinson Asset Management Inc Lowers Stake in Roper Technologies, Inc. (NYSE:ROP)

Guinness Atkinson Asset Management Inc reduced its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 6.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,465 shares of the industrial products company's stock after selling 795 shares during the quarter. Roper Technologies makes up about 3.0% of Guinness Atkinson Asset Management Inc's holdings, making the stock its 20th biggest holding. Guinness Atkinson Asset Management Inc's holdings in Roper Technologies were worth $5,960,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Fairscale Capital LLC bought a new position in shares of Roper Technologies during the second quarter valued at approximately $28,000. Fortitude Family Office LLC purchased a new position in Roper Technologies during the 3rd quarter valued at $28,000. Global Wealth Strategies & Associates bought a new position in Roper Technologies in the 3rd quarter worth $37,000. Kimelman & Baird LLC purchased a new stake in shares of Roper Technologies in the 2nd quarter worth about $42,000. Finally, Central Pacific Bank Trust Division boosted its stake in shares of Roper Technologies by 34.4% during the 3rd quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company's stock valued at $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.

Analysts Set New Price Targets

A number of research firms recently issued reports on ROP. Truist Financial reissued a "buy" rating and issued a $665.00 price target (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Robert W. Baird raised their target price on Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Oppenheimer began coverage on Roper Technologies in a research note on Monday, December 23rd. They issued an "outperform" rating and a $630.00 price target on the stock. Royal Bank of Canada decreased their price objective on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Finally, Mizuho upped their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $623.33.

Roper Technologies Stock Up 0.6 %

Shares of NYSE:ROP traded up $3.22 during trading on Monday, reaching $522.32. 763,769 shares of the stock traded hands, compared to its average volume of 575,356. The stock has a market cap of $56.01 billion, a P/E ratio of 38.21, a price-to-earnings-growth ratio of 2.40 and a beta of 1.04. 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 stock has a 50-day moving average of $538.78 and a two-hundred day moving average of $545.79. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $580.09.

Roper Technologies (NYSE:ROP - Get Free Report) last released 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. 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 for the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the business posted $4.32 EPS. The company's revenue for the quarter was up 11.7% on a year-over-year basis. As a group, sell-side analysts expect that Roper Technologies, Inc. will post 18.29 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

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

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the business's stock in a transaction that occurred on 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. The trade was a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.87% of the company's stock.

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.