Private Trust Co. NA Purchases 27 Shares of Roper Technologies, Inc. (NYSE:ROP)

Private Trust Co. NA grew its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 8.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 352 shares of the industrial products company’s stock after buying an additional 27 shares during the period. Private Trust Co. NA’s holdings in Roper Technologies were worth $196,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atria Investments Inc lifted its holdings in Roper Technologies by 1.8% during the first quarter. Atria Investments Inc now owns 12,218 shares of the industrial products company’s stock valued at $6,853,000 after purchasing an additional 211 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Roper Technologies by 201.6% during the 1st quarter. Cetera Investment Advisers now owns 20,340 shares of the industrial products company’s stock valued at $11,408,000 after buying an additional 13,597 shares in the last quarter. Cetera Advisors LLC boosted its holdings in Roper Technologies by 4.7% in the 1st quarter. Cetera Advisors LLC now owns 5,603 shares of the industrial products company’s stock worth $3,142,000 after buying an additional 253 shares during the period. DekaBank Deutsche Girozentrale grew its stake in Roper Technologies by 14.5% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 181,049 shares of the industrial products company’s stock valued at $100,249,000 after buying an additional 22,859 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Roper Technologies by 29.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 477 shares of the industrial products company’s stock valued at $244,000 after acquiring an additional 109 shares during the period. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Price Performance

ROP stock opened at $564.35 on Friday. The firm has a 50 day simple moving average of $553.01 and a two-hundred day simple moving average of $550.14. 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 stock has a market cap of $60.52 billion, a PE ratio of 41.28, a P/E/G ratio of 2.91 and a beta of 1.03. Roper Technologies, Inc. has a one year low of $508.22 and a one year high of $579.10.

Roper Technologies (NYSE:ROP) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the previous year, the business earned $4.32 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, analysts predict that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a $0.825 dividend. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. Roper Technologies’s payout ratio is presently 21.95%.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 1,000 shares of the business’s 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 approximately $18,125,250. The trade was a 2.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.87% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Royal Bank of Canada cut their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Mizuho lifted 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. Robert W. Baird increased 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. Jefferies Financial Group boosted their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Truist Financial reiterated 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. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $620.80.

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.