B & T Capital Management DBA Alpha Capital Management Purchases 44 Shares of Roper Technologies, Inc. (NYSE:ROP)

B & T Capital Management DBA Alpha Capital Management lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,493 shares of the industrial products company’s stock after acquiring an additional 44 shares during the period. B & T Capital Management DBA Alpha Capital Management’s holdings in Roper Technologies were worth $2,856,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in ROP. Brooklyn Investment Group grew its position in Roper Technologies by 6.9% in the fourth quarter. Brooklyn Investment Group now owns 895 shares of the industrial products company’s stock valued at $465,000 after acquiring an additional 58 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of Roper Technologies during the 4th quarter valued at approximately $371,000. RDA Financial Network increased its position in Roper Technologies by 20.0% during the 4th quarter. RDA Financial Network now owns 2,433 shares of the industrial products company’s stock worth $1,265,000 after purchasing an additional 405 shares in the last quarter. Dixon Mitchell Investment Counsel Inc. lifted its stake in Roper Technologies by 23.2% in the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 106,295 shares of the industrial products company’s stock valued at $55,257,000 after purchasing an additional 20,011 shares during the last quarter. Finally, Winch Advisory Services LLC grew its stake in shares of Roper Technologies by 10.4% during the fourth quarter. Winch Advisory Services LLC now owns 924 shares of the industrial products company’s stock worth $480,000 after buying an additional 87 shares during the last quarter. Institutional investors and hedge funds 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 firm’s stock in a transaction 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 directly owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.87% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ROP shares. Mizuho increased their price target on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Truist Financial restated a “buy” rating and set a $665.00 price target (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Robert W. Baird raised their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Barclays dropped their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada decreased their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. One equities 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and an average target price of $623.33.

Roper Technologies Stock Up 0.6 %

Shares of NYSE:ROP opened at $522.32 on Friday. The business’s 50-day moving average is $539.68 and its 200-day moving average is $546.29. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $580.09. The company has a market capitalization of $56.01 billion, a price-to-earnings ratio of 28.12, a P/E/G ratio of 2.40 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 (NYSE:ROP) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the business earned $4.32 EPS. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities research analysts predict that Roper Technologies, Inc. will post 18.29 earnings per share for the current year.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Friday, January 3rd. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio is 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.