Toth Financial Advisory Corp Acquires 484 Shares of Roper Technologies, Inc. (NYSE:ROP)

Toth Financial Advisory Corp raised its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 12.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,289 shares of the industrial products company’s stock after purchasing an additional 484 shares during the quarter. Toth Financial Advisory Corp’s holdings in Roper Technologies were worth $2,230,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROP. Fortitude Family Office LLC bought a new stake in Roper Technologies during the 3rd quarter worth approximately $28,000. Global Wealth Strategies & Associates bought a new stake in Roper Technologies during the 3rd quarter worth approximately $37,000. Kimelman & Baird LLC bought a new stake in Roper Technologies during the 2nd quarter worth approximately $42,000. Central Pacific Bank Trust Division increased its holdings in Roper Technologies by 34.4% during the 3rd quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 22 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Roper Technologies by 40.7% in the 4th quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company’s stock worth $59,000 after acquiring an additional 33 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Oppenheimer assumed 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 for the company. Royal Bank of Canada reduced their target price on shares of 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 upped their target price on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Mizuho increased their price objective on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, Truist Financial reissued a “buy” rating and set a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $624.38.

Roper Technologies Price Performance

Roper Technologies stock opened at $531.37 on Friday. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $580.09. The business has a fifty day moving average price of $535.54 and a 200-day moving average price of $544.96. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The firm has a market capitalization of $56.98 billion, a P/E ratio of 38.87, a PEG ratio of 2.55 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last released 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 company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the business earned $4.32 earnings per share. Roper Technologies’s revenue was up 11.7% compared to the same quarter last year. As a group, equities research analysts forecast that Roper Technologies, Inc. will post 18.29 EPS 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 given a $0.825 dividend. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date was Friday, January 3rd. Roper Technologies’s dividend payout ratio (DPR) is 24.14%.

Roper Technologies Company 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.