Dakota Wealth Management Acquires 1,171 Shares of Roper Technologies, Inc. (NYSE:ROP)

Dakota Wealth Management lifted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 11.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,343 shares of the industrial products company’s stock after acquiring an additional 1,171 shares during the quarter. Dakota Wealth Management’s holdings in Roper Technologies were worth $5,897,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ledyard National Bank raised its holdings in Roper Technologies by 2.1% in the 3rd quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock valued at $499,000 after acquiring an additional 18 shares in the last quarter. Meridian Financial Partners LLC raised its holdings in shares of Roper Technologies by 1.0% during the 4th quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock worth $1,067,000 after buying an additional 20 shares in the last quarter. Cromwell Holdings LLC raised its holdings in shares of Roper Technologies by 6.8% during the 3rd quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock worth $185,000 after buying an additional 21 shares in the last quarter. Hibernia Wealth Partners LLC raised its holdings in shares of Roper Technologies by 4.2% during the 3rd quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company’s stock worth $291,000 after buying an additional 21 shares in the last quarter. Finally, Ballast Advisors LLC raised its holdings in shares of Roper Technologies by 1.3% during the 3rd quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock worth $921,000 after buying an additional 21 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Trading Up 1.6 %

ROP opened at $530.79 on Wednesday. The business has a 50 day simple moving average of $537.92 and a two-hundred day simple moving average of $545.52. The firm has a market capitalization of $56.92 billion, a price-to-earnings ratio of 38.83, a PEG ratio of 2.49 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, Inc. has a one year low of $499.47 and a one year high of $580.09.

Roper Technologies (NYSE:ROP) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share 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 the consensus estimate of $1.72 billion. During the same quarter in the prior year, the business earned $4.32 EPS. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. Analysts predict that Roper Technologies, Inc. will post 18.29 EPS for the current 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 dividend of $0.825 per share. This is an increase 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 dividend on an annualized basis and a dividend yield of 0.62%. Roper Technologies’s dividend payout ratio is 24.14%.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the 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 sale, the director now directly owns 32,955 shares in the company, valued at approximately $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 accessible through this hyperlink. 0.87% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ROP has been the subject of a number of research analyst reports. Mizuho boosted their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Robert W. Baird upped their price target on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Truist Financial restated a “buy” rating and set a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Oppenheimer began coverage on Roper Technologies in a research note on Monday, December 23rd. They set an “outperform” rating and a $630.00 price target on the stock. Finally, Barclays dropped their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.