Winch Advisory Services LLC Increases Holdings in Roper Technologies, Inc. (NYSE:ROP)

Winch Advisory Services LLC boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 10.4% during the 4th quarter, HoldingsChannel reports. The fund owned 924 shares of the industrial products company’s stock after purchasing an additional 87 shares during the period. Winch Advisory Services LLC’s holdings in Roper Technologies were worth $480,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ROP. Meridian Financial Partners LLC increased its position 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 valued at $1,067,000 after purchasing an additional 20 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Roper Technologies by 15.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 653 shares of the industrial products company’s stock worth $339,000 after acquiring an additional 88 shares during the last quarter. Rockland Trust Co. grew its holdings in Roper Technologies by 4.4% during the 4th quarter. Rockland Trust Co. now owns 35,994 shares of the industrial products company’s stock valued at $18,711,000 after purchasing an additional 1,503 shares during the last quarter. CCLA Investment Management lifted its stake in Roper Technologies by 4.3% in the fourth quarter. CCLA Investment Management now owns 286,508 shares of the industrial products company’s stock worth $148,898,000 after purchasing an additional 11,818 shares during the last quarter. Finally, SeaCrest Wealth Management LLC boosted its position in shares of Roper Technologies by 5.9% during the fourth quarter. SeaCrest Wealth Management LLC now owns 433 shares of the industrial products company’s stock valued at $225,000 after buying an additional 24 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ROP shares. Royal Bank of Canada decreased 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. Robert W. Baird boosted their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Mizuho lifted their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Truist Financial restated a “buy” rating and issued a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Finally, Barclays decreased their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $623.33.

Insider Transactions at Roper Technologies

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

Roper Technologies Trading Up 1.4 %

ROP opened at $517.96 on Thursday. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $580.09. The stock has a fifty day moving average price of $541.68 and a 200-day moving average price of $546.68. The firm has a market cap of $55.54 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.

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

Roper Technologies Increases Dividend

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