Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 18.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,656 shares of the industrial products company’s stock after purchasing an additional 17,466 shares during the quarter. Douglas Lane & Associates LLC owned approximately 0.10% of Roper Technologies worth $57,005,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ROP. Sterneck Capital Management LLC acquired a new position in shares of Roper Technologies during the fourth quarter valued at $226,000. Nordea Investment Management AB grew its position in Roper Technologies by 8.5% in the 4th quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company’s stock worth $280,113,000 after purchasing an additional 42,016 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Roper Technologies by 59.8% in the fourth quarter. GAMMA Investing LLC now owns 1,072 shares of the industrial products company’s stock valued at $557,000 after purchasing an additional 401 shares during the period. Versant Capital Management Inc increased its stake in shares of Roper Technologies by 40.7% in the fourth quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 33 shares during the period. Finally, First Financial Bank Trust Division boosted its position in shares of Roper Technologies by 28.0% during the fourth quarter. First Financial Bank Trust Division now owns 10,722 shares of the industrial products company’s stock worth $5,574,000 after buying an additional 2,343 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Price Performance

ROP stock traded up $4.08 on Wednesday, hitting $511.18. 354,214 shares of the company’s stock traded hands, compared to its average volume of 612,942. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The stock has a market cap of $54.81 billion, a price-to-earnings ratio of 37.39, a P/E/G ratio of 2.84 and a beta of 1.04. Roper Technologies, Inc. has a 1-year low of $504.30 and a 1-year high of $580.09. The stock has a fifty day moving average of $545.06 and a 200-day moving average of $548.56.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping 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 posted $4.32 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. On average, analysts forecast that Roper Technologies, Inc. will post 18.26 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.65%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 3rd. Roper Technologies’s dividend payout ratio (DPR) is presently 24.14%.

Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the transaction, the director now owns 32,955 shares in the company, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.87% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ROP has been the topic of several analyst reports. Royal Bank of Canada lowered their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Mizuho lifted 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. Truist Financial reiterated a “buy” rating and issued a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Oppenheimer initiated coverage on shares of Roper Technologies in a research report on Monday, December 23rd. They set an “outperform” rating and a $630.00 price target on the stock. Finally, Robert W. Baird increased 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. 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus 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.