Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Pine Haven Investment Counsel Inc

Pine Haven Investment Counsel Inc lowered its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 615 shares of the industrial products company’s stock after selling 40 shares during the quarter. Pine Haven Investment Counsel Inc’s holdings in Roper Technologies were worth $320,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ledyard National Bank lifted its stake in Roper Technologies by 2.1% in the 3rd quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock worth $499,000 after purchasing an additional 18 shares in the last quarter. Meridian Financial Partners LLC lifted its position in Roper Technologies by 1.0% during the fourth quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock worth $1,067,000 after buying an additional 20 shares in the last quarter. Cromwell Holdings LLC boosted its stake in Roper Technologies by 6.8% during the third quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock worth $185,000 after buying an additional 21 shares during the last quarter. Hibernia Wealth Partners LLC grew its holdings in Roper Technologies by 4.2% in the 3rd quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company’s stock valued at $291,000 after buying an additional 21 shares in the last quarter. Finally, Ballast Advisors LLC increased its stake in shares of Roper Technologies by 1.3% in the 3rd quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock worth $921,000 after acquiring an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Activity

In related news, Director Richard F. Wallman sold 1,000 shares of the firm’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 sale, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.87% of the company’s stock.

Roper Technologies Price Performance

ROP opened at $522.32 on Monday. The stock’s 50-day moving average price is $538.78 and its 200 day moving average price is $545.89. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $580.09. The firm has a market cap of $56.01 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 issued its quarterly 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 business 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 company earned $4.32 earnings per share. The business’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, sell-side analysts expect that Roper Technologies, Inc. will post 18.29 earnings per share for the current year.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were given a dividend of $0.825 per share. The ex-dividend date was Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.63%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio is currently 24.14%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ROP. Truist Financial reissued a “buy” rating and set a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Robert W. Baird raised 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. Royal Bank of Canada reduced their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Mizuho increased 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. Finally, Oppenheimer initiated coverage on Roper Technologies in a research note on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average 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.