Peddock Capital Advisors LLC Sells 69 Shares of Roper Technologies, Inc. (NYSE:ROP)

Peddock Capital Advisors LLC cut its position in Roper Technologies, Inc. (NYSE:ROP) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,323 shares of the industrial products company’s stock after selling 69 shares during the quarter. Peddock Capital Advisors LLC’s holdings in Roper Technologies were worth $2,767,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fairscale Capital LLC acquired a new position in shares of Roper Technologies during the 2nd quarter worth about $28,000. Fortitude Family Office LLC bought a new stake in Roper Technologies in the 3rd quarter valued at $28,000. Global Wealth Strategies & Associates bought a new position in Roper Technologies during the third quarter worth $37,000. Kimelman & Baird LLC acquired a new position in shares of Roper Technologies in the second quarter valued at $42,000. Finally, Central Pacific Bank Trust Division raised its holdings in Roper Technologies by 34.4% in the 3rd quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 22 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the sale, the director now directly owns 32,955 shares in the company, valued at $18,125,250. The trade was a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.87% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ROP. Truist Financial reaffirmed a “buy” rating and issued a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a report 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 research report on Thursday, October 24th. Mizuho raised their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Oppenheimer started coverage on shares of Roper Technologies in a research report on Monday, December 23rd. They set an “outperform” rating and a $630.00 price objective for the company. Finally, Royal Bank of Canada dropped 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 report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $623.33.

Roper Technologies Stock Up 1.1 %

ROP stock traded up $5.29 during trading on Monday, reaching $508.00. 572,681 shares of the stock were exchanged, compared to its average volume of 690,203. 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, Inc. has a twelve month low of $499.47 and a twelve month high of $580.09. The firm’s 50 day moving average is $543.00 and its 200 day moving average is $547.43. The firm has a market cap of $54.47 billion, a P/E ratio of 37.16, a price-to-earnings-growth ratio of 2.84 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping the consensus estimate of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the business posted $4.32 earnings per share. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, research analysts forecast that Roper Technologies, Inc. will post 18.26 EPS for the current year.

Roper Technologies Increases Dividend

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

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.