Roper Technologies, Inc. (NYSE:ROP) Stock Position Lowered by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC trimmed its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,135 shares of the industrial products company’s stock after selling 33 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Roper Technologies were worth $1,110,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Fairscale Capital LLC purchased a new stake in Roper Technologies in the 2nd quarter worth about $28,000. Fortitude Family Office LLC acquired a new position in shares of Roper Technologies in the 3rd quarter valued at about $28,000. Global Wealth Strategies & Associates purchased a new stake in shares of Roper Technologies in the third quarter worth approximately $37,000. Kimelman & Baird LLC acquired a new stake in shares of Roper Technologies during the second quarter worth approximately $42,000. Finally, Central Pacific Bank Trust Division grew its position in Roper Technologies by 34.4% during the third 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. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ROP. Barclays cut their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Oppenheimer initiated coverage on Roper Technologies in a research report on Monday, December 23rd. They set an “outperform” rating and a $630.00 price objective for the company. Mizuho upped their target price on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Robert W. Baird lifted their price target on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada lowered their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $623.33.

Roper Technologies Stock Up 1.4 %

Shares of ROP stock opened at $517.96 on Thursday. The stock’s 50 day simple moving average is $541.68 and its 200 day simple moving average is $546.68. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $580.09. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The company has a market capitalization of $55.54 billion, a price-to-earnings ratio of 37.89, a PEG ratio of 2.84 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS 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 company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the firm posted $4.32 earnings per share. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, research analysts predict that Roper Technologies, Inc. will post 18.26 EPS for the current year.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a $0.825 dividend. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Friday, January 3rd. Roper Technologies’s dividend payout ratio (DPR) is currently 24.14%.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the sale, the director now 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 transaction was disclosed in a filing with the SEC, which is available through this link. 0.87% of the stock is currently owned by corporate insiders.

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.