Global Wealth Strategies & Associates Boosts Stake in Roper Technologies, Inc. (NYSE:ROP)

Global Wealth Strategies & Associates raised its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 49.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100 shares of the industrial products company’s stock after buying an additional 33 shares during the period. Global Wealth Strategies & Associates’ holdings in Roper Technologies were worth $52,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Ledyard National Bank lifted its holdings in shares of Roper Technologies by 2.1% in the 3rd quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock worth $499,000 after buying an additional 18 shares during the period. Cromwell Holdings LLC increased its position in shares of Roper Technologies by 6.8% during the third quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 21 shares in the last quarter. Hibernia Wealth Partners LLC grew its stake in Roper Technologies by 4.2% during the 3rd quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company’s stock worth $291,000 after buying an additional 21 shares during the last quarter. Ballast Advisors LLC raised its stake in Roper Technologies by 1.3% in the third quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock valued at $921,000 after buying an additional 21 shares during the last quarter. Finally, Central Pacific Bank Trust Division increased its stake in 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. Institutional investors own 93.31% of the company’s stock.

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 directly 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 SEC, which is available at this hyperlink. 0.87% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ROP shares. Robert W. Baird increased their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Barclays restated an “underweight” rating and issued a $569.00 target price (down previously from $625.00) on shares of Roper Technologies in a research note on Thursday, December 5th. Mizuho boosted their price target on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Truist Financial reissued a “buy” rating and set a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Finally, Oppenheimer assumed coverage on Roper Technologies in a research note on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have given 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 target price of $615.20.

Roper Technologies Price Performance

NYSE:ROP traded down $5.30 during trading hours on Thursday, hitting $514.55. 151,166 shares of the stock were exchanged, compared to its average volume of 502,844. The company has a market cap of $55.17 billion, a P/E ratio of 37.64, a P/E/G ratio of 2.84 and a beta of 1.02. The firm’s fifty day moving average price is $547.76 and its 200 day moving average price is $549.98. Roper Technologies, Inc. has a 52-week low of $508.22 and a 52-week 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) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating 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 company earned $4.32 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Roper Technologies, Inc. will post 18.26 EPS for the current fiscal year.

Roper Technologies Increases Dividend

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

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.