Brooklyn Investment Group Grows Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Brooklyn Investment Group raised its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 6.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 895 shares of the industrial products company’s stock after purchasing an additional 58 shares during the quarter. Brooklyn Investment Group’s holdings in Roper Technologies were worth $465,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Ledyard National Bank lifted 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 worth $499,000 after buying an additional 18 shares during the period. Meridian Financial Partners LLC raised its holdings in Roper Technologies by 1.0% in the 4th quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock worth $1,067,000 after purchasing an additional 20 shares in the last quarter. Cromwell Holdings LLC boosted its stake 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 valued at $185,000 after purchasing an additional 21 shares in the last quarter. Hibernia Wealth Partners LLC raised its stake in Roper Technologies by 4.2% in the third 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 boosted its position in Roper Technologies by 1.3% during the 3rd quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock valued at $921,000 after acquiring an additional 21 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Price Performance

Shares of ROP stock opened at $522.32 on Friday. The company’s 50-day simple moving average is $539.68 and its two-hundred day simple moving average is $546.29. 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. The company has a market capitalization of $56.01 billion, a P/E ratio of 28.12, a P/E/G ratio of 2.40 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating the consensus estimate of $4.53 by $0.09. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm posted $4.32 earnings per share. As a group, equities analysts anticipate 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. Investors of record on Friday, January 3rd were given a dividend of $0.825 per share. This is a boost 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 yield of 0.63%. Roper Technologies’s dividend payout ratio is presently 24.14%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Robert W. Baird raised their target price on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Truist Financial reiterated a “buy” rating and issued a $665.00 price target (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Royal Bank of Canada reduced their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Oppenheimer initiated coverage on shares of Roper Technologies in a research note on Monday, December 23rd. They issued an “outperform” rating and a $630.00 target price on the stock. Finally, Mizuho increased their price target on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $623.33.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 1,000 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 32,955 shares of the company’s stock, valued at $18,125,250. This represents a 2.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.87% of the stock is owned by company insiders.

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.