Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Segment Wealth Management LLC

Segment Wealth Management LLC grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.9% in the 4th quarter, HoldingsChannel reports. The firm owned 18,879 shares of the industrial products company’s stock after acquiring an additional 173 shares during the quarter. Segment Wealth Management LLC’s holdings in Roper Technologies were worth $9,814,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of ROP. Fairscale Capital LLC purchased a new stake in Roper Technologies during the second quarter valued at about $28,000. Fortitude Family Office LLC acquired a new position in Roper Technologies in the 3rd quarter worth approximately $28,000. Global Wealth Strategies & Associates purchased a new position in Roper Technologies during the 3rd quarter worth approximately $37,000. Kimelman & Baird LLC acquired a new stake in Roper Technologies during the 2nd quarter valued at $42,000. Finally, Central Pacific Bank Trust Division lifted its holdings in shares of Roper Technologies by 34.4% in the third 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 and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Up 0.6 %

ROP stock opened at $522.32 on Tuesday. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $580.09. The company has a fifty day simple moving average of $538.78 and a 200 day simple moving average of $545.79. The firm has a market cap of $56.01 billion, a PE ratio of 29.21, a PEG ratio of 2.49 and a beta of 1.04. 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 released 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 company 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 quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm posted $4.32 earnings per share. Sell-side analysts anticipate that Roper Technologies, Inc. will post 18.29 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.825 per share. 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. The ex-dividend date was Friday, January 3rd. Roper Technologies’s dividend payout ratio is 24.14%.

Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ROP. Robert W. Baird upped their price target on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Oppenheimer began coverage on Roper Technologies in a report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 target price on the stock. Barclays decreased their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Mizuho upped their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, 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. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average price target 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.