Roper Technologies, Inc. (NYSE:ROP) Holdings Lowered by Moody National Bank Trust Division

Moody National Bank Trust Division decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,097 shares of the industrial products company’s stock after selling 67 shares during the period. Moody National Bank Trust Division’s holdings in Roper Technologies were worth $1,090,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ledyard National Bank raised its stake 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 in the last quarter. Cromwell Holdings LLC lifted its holdings in Roper Technologies by 6.8% in the 3rd quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock valued at $185,000 after acquiring an additional 21 shares during the last quarter. Hibernia Wealth Partners LLC boosted its position in shares of Roper Technologies by 4.2% during the 3rd quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company’s stock valued at $291,000 after purchasing an additional 21 shares in the last quarter. Ballast Advisors LLC grew its stake in shares of Roper Technologies by 1.3% in the 3rd quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock worth $921,000 after purchasing an additional 21 shares during the last quarter. Finally, Central Pacific Bank Trust Division raised its holdings in shares of Roper Technologies by 34.4% in the 3rd quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 22 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the transaction, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

Shares of ROP stock opened at $508.00 on Tuesday. The firm has a market cap of $54.47 billion, a P/E ratio of 37.16, a PEG ratio of 2.84 and a beta of 1.04. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $580.09. The stock’s 50-day moving average is $542.32 and its two-hundred day moving average is $547.05.

Roper Technologies (NYSE:ROP) last released 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. The business had revenue of $1.75 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.32 EPS. Analysts predict that Roper Technologies, Inc. will post 18.26 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a $0.825 dividend. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 0.65%. The ex-dividend date is Friday, January 3rd. Roper Technologies’s payout ratio is 24.14%.

Wall Street Analyst Weigh In

ROP has been the topic of several recent research reports. Truist Financial restated a “buy” rating and issued a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Barclays decreased their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Robert W. Baird upped their target price on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Royal Bank of Canada decreased their price objective 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. Finally, Oppenheimer initiated coverage on Roper Technologies in a research report on Monday, December 23rd. They set an “outperform” rating and a $630.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $623.33.

About Roper Technologies

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.