HB Wealth Management LLC Has $1.72 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

HB Wealth Management LLC cut its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.5% in the fourth quarter, Holdings Channel reports. The firm owned 3,303 shares of the industrial products company’s stock after selling 85 shares during the period. HB Wealth Management LLC’s holdings in Roper Technologies were worth $1,717,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ROP. Fairscale Capital LLC bought a new position in Roper Technologies during the second quarter valued at approximately $28,000. Fortitude Family Office LLC acquired a new position in shares of Roper Technologies during the 3rd quarter worth $28,000. Global Wealth Strategies & Associates bought a new position in shares of Roper Technologies during the 3rd quarter valued at $37,000. Kimelman & Baird LLC bought a new position in shares of Roper Technologies during the 2nd quarter valued at $42,000. Finally, Central Pacific Bank Trust Division lifted its stake 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 during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Price Performance

NYSE:ROP opened at $522.32 on Tuesday. 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 fifty day moving average price of $538.78 and a 200 day moving average price of $545.79. The stock has a market cap of $56.01 billion, a P/E ratio of 38.21, a PEG ratio of 2.40 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data 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 business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the business earned $4.32 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. Analysts anticipate that Roper Technologies, Inc. will post 18.29 earnings per share for the current year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Friday, January 3rd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio (DPR) is presently 24.14%.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction 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 sale, the director now owns 32,955 shares in the company, valued at $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ROP shares. Mizuho raised their target price on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Oppenheimer initiated coverage on Roper Technologies in a research note on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price objective on the stock. Barclays decreased their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Truist Financial reissued a “buy” rating and issued a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Finally, Royal Bank of Canada decreased their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. One 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 issued a strong buy rating to the company. Based on data from MarketBeat, Roper Technologies has a consensus 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.