Raymond James Trust N.A. Raises Holdings in Roper Technologies, Inc. (NYSE:ROP)

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Raymond James Trust N.A. increased its position in Roper Technologies, Inc. (NYSE:ROP) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,495 shares of the industrial products company’s stock after acquiring an additional 367 shares during the period. Raymond James Trust N.A.’s holdings in Roper Technologies were worth $2,369,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Tarbox Family Office Inc. increased its holdings in Roper Technologies by 128.6% during the 3rd quarter. Tarbox Family Office Inc. now owns 64 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 36 shares in the last quarter. Norway Savings Bank bought a new stake in shares of Roper Technologies in the third quarter worth $26,000. CVA Family Office LLC bought a new stake in shares of Roper Technologies in the third quarter worth $32,000. Atlas Private Wealth Management increased its stake in shares of Roper Technologies by 1,471.4% in the third quarter. Atlas Private Wealth Management now owns 110 shares of the industrial products company’s stock worth $43,000 after buying an additional 103 shares during the last quarter. Finally, Advisory Alpha LLC bought a new stake in shares of Roper Technologies in the third quarter worth $47,000. Hedge funds and other institutional investors own 92.18% of the company’s stock.

In related news, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction on Tuesday, December 1st. The stock was sold at an average price of $429.67, for a total value of $214,835.00. Following the completion of the transaction, the director now directly owns 8,537 shares in the company, valued at $3,668,092.79. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.

Several analysts have weighed in on the stock. Zacks Investment Research lowered shares of Roper Technologies from a “buy” rating to a “hold” rating and set a $386.00 target price for the company. in a research note on Thursday, October 29th. Royal Bank of Canada reduced their price target on shares of Roper Technologies from $510.00 to $479.00 and set an “outperform” rating for the company in a report on Wednesday, October 28th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Roper Technologies from $300.00 to $320.00 and gave the stock an “underweight” rating in a report on Wednesday, October 7th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $416.90.

ROP opened at $413.15 on Thursday. Roper Technologies, Inc. has a 1-year low of $240.00 and a 1-year high of $455.72. The company has a current ratio of 1.27, a quick ratio of 1.19 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $43.33 billion, a price-to-earnings ratio of 27.04, a P/E/G ratio of 3.22 and a beta of 1.06. The business has a 50 day moving average of $423.00 and a 200-day moving average of $413.73.

Roper Technologies (NYSE:ROP) last issued its earnings results on Tuesday, October 27th. The industrial products company reported $3.17 EPS for the quarter, beating analysts’ consensus estimates of $3.04 by $0.13. The business had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.37 billion. Roper Technologies had a return on equity of 14.20% and a net margin of 29.75%. Roper Technologies’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the company posted $3.29 earnings per share. Equities analysts predict that Roper Technologies, Inc. will post 12.55 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 22nd. Investors of record on Friday, January 8th will be paid a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a dividend yield of 0.54%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.51. The ex-dividend date is Thursday, January 7th. Roper Technologies’s dividend payout ratio is presently 17.24%.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and engineered products and solutions worldwide. It offers management, campus solutions, laboratory information management, enterprise management, information solutions, transportation management, financial and compliance management, cloud-based financial analytics and performance management, and diagnostic and laboratory information system software; and software, services, and technologies for foodservice operations.

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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