Trust Co. of Vermont Has $565,000 Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Trust Co. of Vermont lifted its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 167.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,086 shares of the industrial products company's stock after buying an additional 680 shares during the period. Trust Co. of Vermont's holdings in Roper Technologies were worth $565,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its holdings in shares of Roper Technologies by 5.4% in the third quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company's stock worth $19,282,000 after acquiring an additional 1,789 shares in the last quarter. Synovus Financial Corp raised its holdings in Roper Technologies by 19.6% during the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company's stock worth $3,265,000 after buying an additional 961 shares during the period. Douglas Lane & Associates LLC lifted its stake in Roper Technologies by 18.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company's stock valued at $57,005,000 after buying an additional 17,466 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of Roper Technologies by 17.6% in the third quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company's stock valued at $106,050,000 after buying an additional 28,555 shares during the period. Finally, Nordea Investment Management AB increased its position in shares of Roper Technologies by 8.5% during the fourth quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company's stock worth $280,113,000 after acquiring an additional 42,016 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Stock Performance

Shares of NYSE:ROP traded up $3.22 on Friday, hitting $522.32. The company had a trading volume of 763,769 shares, compared to its average volume of 575,356. The stock has a market cap of $56.01 billion, a price-to-earnings ratio of 38.21, a P/E/G ratio of 2.40 and a beta of 1.04. The stock has a 50 day moving average price of $538.78 and a 200 day moving average price of $545.89. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $580.09. 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 announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS 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%. Roper Technologies's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.32 EPS. Analysts expect that Roper Technologies, Inc. will post 18.29 EPS for the current year.

Roper Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued 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 yield of 0.63%. The ex-dividend date of this dividend was Friday, January 3rd. Roper Technologies's dividend payout ratio (DPR) is presently 24.14%.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction dated 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 $18,125,250. The trade was a 2.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.87% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ROP. 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 note on Thursday, October 17th. Robert W. Baird upped their price objective on Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Barclays dropped their target price 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. Oppenheimer started coverage on Roper Technologies in a research report on Monday, December 23rd. They set an "outperform" rating and a $630.00 price target for the company. Finally, Truist Financial reiterated a "buy" rating and issued a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Roper Technologies 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.