Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Fiduciary Trust Co

Fiduciary Trust Co lifted its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,889 shares of the industrial products company's stock after buying an additional 472 shares during the period. Fiduciary Trust Co's holdings in Roper Technologies were worth $6,180,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ROP. VSM Wealth Advisory LLC purchased a new stake in shares of Roper Technologies during the fourth quarter worth about $26,000. CoreFirst Bank & Trust purchased a new stake in Roper Technologies during the 4th quarter worth approximately $36,000. Parvin Asset Management LLC acquired a new stake in shares of Roper Technologies during the fourth quarter worth approximately $39,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 75 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in Roper Technologies during the 4th quarter worth $38,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ROP. Robert W. Baird boosted their price target on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and upped their price target for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Truist Financial reaffirmed a "buy" rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Stifel Nicolaus dropped their target price on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of Roper Technologies from $465.00 to $470.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $620.91.

Roper Technologies Stock Performance

Shares of Roper Technologies stock opened at $570.48 on Friday. The stock has a market cap of $61.34 billion, a PE ratio of 39.78, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The business has a fifty day simple moving average of $565.97 and a 200-day simple moving average of $555.26.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, beating analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business posted $4.41 EPS. On average, sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies's dividend payout ratio (DPR) is currently 23.81%.

Insider Transactions at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the transaction, the chief financial officer now owns 31,522 shares in the company, valued at $18,540,925.18. The trade was a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.87% of the stock is currently owned by company 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.

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