Roper Technologies, Inc. (NYSE:ROP) Stock Holdings Decreased by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC cut its stake in Roper Technologies, Inc. (NYSE:ROP) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 216,106 shares of the industrial products company’s stock after selling 2,898 shares during the period. Roper Technologies comprises about 9.0% of Clear Harbor Asset Management LLC’s holdings, making the stock its largest holding. Clear Harbor Asset Management LLC’s holdings in Roper Technologies were worth $112,343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of ROP. 3Chopt Investment Partners LLC acquired a new position in Roper Technologies during the 2nd quarter worth approximately $220,000. AE Wealth Management LLC grew its stake in shares of Roper Technologies by 64.8% during the second quarter. AE Wealth Management LLC now owns 816 shares of the industrial products company’s stock worth $460,000 after purchasing an additional 321 shares in the last quarter. Sei Investments Co. increased its holdings in Roper Technologies by 55.4% in the second quarter. Sei Investments Co. now owns 45,702 shares of the industrial products company’s stock valued at $25,759,000 after buying an additional 16,288 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in Roper Technologies by 11.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 7,341 shares of the industrial products company’s stock worth $4,138,000 after buying an additional 756 shares during the last quarter. Finally, Frank Rimerman Advisors LLC boosted its position in shares of Roper Technologies by 13,928.6% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 982 shares of the industrial products company’s stock worth $554,000 after acquiring an additional 975 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ROP. Truist Financial reiterated a “buy” rating and issued a $665.00 price target (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Mizuho upped their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Robert W. Baird raised their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Oppenheimer assumed coverage on shares of Roper Technologies in a report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 target price for the company. Finally, Barclays lowered their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $623.33.

Roper Technologies Price Performance

Roper Technologies stock opened at $522.32 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $580.09. The business has a fifty day moving average of $538.78 and a two-hundred day moving average of $545.79. The company has a market cap of $56.01 billion, a P/E ratio of 29.21, a price-to-earnings-growth ratio of 2.49 and a beta of 1.04.

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, beating analysts’ consensus estimates of $4.53 by $0.09. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the firm earned $4.32 EPS. As a group, analysts predict that Roper Technologies, Inc. will post 18.29 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a $0.825 dividend. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.63%. Roper Technologies’s dividend payout ratio is 24.14%.

Insider Activity

In other news, Director Richard F. Wallman sold 1,000 shares of the 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 sale, the director now directly owns 32,955 shares in the company, valued at $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.87% of the company’s stock.

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.