Carderock Capital Management Inc. Sells 426 Shares of Roper Technologies, Inc. (NYSE:ROP)

Carderock Capital Management Inc. reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,807 shares of the industrial products company’s stock after selling 426 shares during the quarter. Carderock Capital Management Inc.’s holdings in Roper Technologies were worth $7,178,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. State Street Corp lifted its position in Roper Technologies by 2.9% in the third quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock valued at $2,632,199,000 after purchasing an additional 132,575 shares during the last quarter. Geode Capital Management LLC increased its position in Roper Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,447,026 shares of the industrial products company’s stock valued at $1,357,162,000 after buying an additional 51,131 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in Roper Technologies by 3.1% in the second quarter. Mackenzie Financial Corp now owns 1,119,023 shares of the industrial products company’s stock worth $630,749,000 after acquiring an additional 33,544 shares in the last quarter. Legal & General Group Plc grew its position in Roper Technologies by 7.6% during the 2nd quarter. Legal & General Group Plc now owns 914,499 shares of the industrial products company’s stock valued at $515,467,000 after purchasing an additional 64,565 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in Roper Technologies by 87.8% during the 3rd quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock valued at $410,977,000 after purchasing an additional 345,268 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Activity

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was 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 directly owns 32,955 shares in the company, valued at approximately $18,125,250. This represents a 2.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

Roper Technologies stock opened at $522.32 on Friday. The company’s 50-day moving average price is $539.68 and its 200-day moving average price is $546.29. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The company has a market cap of $56.01 billion, a PE ratio of 28.12, a price-to-earnings-growth ratio of 2.40 and a beta of 1.04. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $580.09.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (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 business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the company earned $4.32 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities research analysts forecast that Roper Technologies, Inc. will post 18.29 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.63%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s payout ratio is presently 24.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ROP shares. Royal Bank of Canada decreased their target price 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. Oppenheimer started coverage on shares of Roper Technologies in a research note on Monday, December 23rd. They set an “outperform” rating and a $630.00 target price on the stock. Robert W. Baird boosted their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Mizuho increased their target price on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Truist Financial reissued a “buy” rating and issued a $665.00 price target (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and an average 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.