Cambridge Advisors Inc. Lowers Holdings in Roper Technologies, Inc. (NYSE:ROP)

Cambridge Advisors Inc. reduced its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,620 shares of the industrial products company’s stock after selling 95 shares during the period. Cambridge Advisors Inc.’s holdings in Roper Technologies were worth $842,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Fairscale Capital LLC purchased a new position in shares of Roper Technologies in the 2nd quarter valued at about $28,000. Fortitude Family Office LLC purchased a new position in Roper Technologies in the third quarter worth approximately $28,000. Global Wealth Strategies & Associates acquired a new position in Roper Technologies during the 3rd quarter worth approximately $37,000. Kimelman & Baird LLC purchased a new stake in shares of Roper Technologies in the 2nd quarter valued at approximately $42,000. 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 valued at $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.

Insider Transactions at Roper Technologies

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

Wall Street Analysts Forecast Growth

ROP has been the topic of several recent analyst reports. Royal Bank of Canada dropped their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Oppenheimer initiated coverage on Roper Technologies in a research report on Monday, December 23rd. They set an “outperform” rating and a $630.00 target price on the stock. Truist Financial reaffirmed a “buy” rating and issued a $665.00 price target (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Mizuho boosted their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Barclays dropped their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and an average price target of $623.33.

Roper Technologies Stock Up 0.6 %

Roper Technologies stock opened at $522.32 on Friday. The stock has a market capitalization of $56.01 billion, a price-to-earnings ratio of 28.12, a PEG ratio of 2.40 and a beta of 1.04. 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 50 day moving average of $538.78 and a two-hundred day moving average of $546.01. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $580.09.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the firm posted $4.32 EPS. Roper Technologies’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, research analysts expect that Roper Technologies, Inc. will post 18.29 earnings per share for the current year.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a $0.825 dividend. The ex-dividend date was Friday, January 3rd. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.63%. Roper Technologies’s payout ratio is 24.14%.

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.