Sugarloaf Wealth Management LLC Acquires 868 Shares of Roper Technologies, Inc. (NYSE:ROP)

Sugarloaf Wealth Management LLC raised its holdings in Roper Technologies, Inc. (NYSE:ROP) by 13.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,186 shares of the industrial products company’s stock after acquiring an additional 868 shares during the period. Roper Technologies comprises 0.6% of Sugarloaf Wealth Management LLC’s holdings, making the stock its 28th biggest holding. Sugarloaf Wealth Management LLC’s holdings in Roper Technologies were worth $3,735,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of ROP. Private Advisor Group LLC increased its holdings in Roper Technologies by 5.3% in the 2nd quarter. Private Advisor Group LLC now owns 5,409 shares of the industrial products company’s stock worth $3,049,000 after purchasing an additional 270 shares in the last quarter. Savant Capital LLC raised its holdings in Roper Technologies by 63.8% in the 2nd quarter. Savant Capital LLC now owns 994 shares of the industrial products company’s stock valued at $560,000 after buying an additional 387 shares during the last quarter. Choreo LLC boosted its position in Roper Technologies by 99.9% during the 2nd quarter. Choreo LLC now owns 3,331 shares of the industrial products company’s stock worth $1,875,000 after buying an additional 1,665 shares during the period. Coldstream Capital Management Inc. boosted its position in Roper Technologies by 6.5% during the 2nd quarter. Coldstream Capital Management Inc. now owns 1,763 shares of the industrial products company’s stock worth $994,000 after buying an additional 108 shares during the period. Finally, American Century Companies Inc. grew its holdings in Roper Technologies by 24.4% during the 2nd quarter. American Century Companies Inc. now owns 605,769 shares of the industrial products company’s stock worth $341,448,000 after acquiring an additional 118,971 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 1,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the transaction, the director now owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. This trade represents a 2.95 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is owned by company insiders.

Roper Technologies Stock Down 1.2 %

NYSE ROP traded down $5.97 on Friday, hitting $504.33. 296,868 shares of the company were exchanged, compared to its average volume of 661,314. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The company has a market cap of $54.08 billion, a PE ratio of 36.89, a PEG ratio of 2.84 and a beta of 1.04. The stock has a fifty day moving average of $543.77 and a 200-day moving average of $548.03. Roper Technologies, Inc. has a 12 month low of $502.17 and a 12 month high of $580.09.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $1.72 billion. During the same quarter in the prior year, the firm earned $4.32 EPS. The business’s revenue was up 11.7% on a year-over-year basis. As a group, analysts forecast that Roper Technologies, Inc. will post 18.26 earnings per share for the current year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.65%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 3rd. Roper Technologies’s dividend payout ratio is presently 24.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Robert W. Baird lifted their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Truist Financial reiterated 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. Mizuho raised their price objective on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Royal Bank of Canada reduced their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, Barclays lowered their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday. One 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 company. Based on data from MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $623.33.

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.