Oak Ridge Investments LLC Has $777,000 Stake in Roper Technologies, Inc. (NYSE:ROP)

Oak Ridge Investments LLC lowered its holdings in Roper Technologies, Inc. (NYSE:ROP) by 90.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,495 shares of the industrial products company’s stock after selling 13,644 shares during the quarter. Oak Ridge Investments LLC’s holdings in Roper Technologies were worth $777,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Fairscale Capital LLC acquired a new position in Roper Technologies during the 2nd quarter worth about $28,000. Fortitude Family Office LLC bought a new position in shares of Roper Technologies in the third quarter worth about $28,000. Global Wealth Strategies & Associates acquired a new position in shares of Roper Technologies during the third quarter worth approximately $37,000. Kimelman & Baird LLC bought a new stake in shares of Roper Technologies during the second quarter valued at approximately $42,000. Finally, Central Pacific Bank Trust Division increased its holdings in shares of Roper Technologies by 34.4% in the third quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 22 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction dated Thursday, October 24th. The stock was 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.87% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ROP has been the topic of a number of recent research reports. Royal Bank of Canada decreased their price objective on 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 raised their price target on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. 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. Robert W. Baird raised their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note 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 research report on Wednesday, January 8th. One 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $623.33.

Roper Technologies Stock Up 0.6 %

Roper Technologies stock opened at $522.32 on Monday. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $580.09. 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 $56.01 billion, a price-to-earnings ratio of 38.21, a PEG ratio of 2.40 and a beta of 1.04. The company’s 50 day simple moving average is $538.78 and its 200 day simple moving average is $545.89.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.53 by $0.09. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.32 EPS. As a group, sell-side analysts anticipate that Roper Technologies, Inc. will post 18.29 EPS for the current year.

Roper Technologies Increases Dividend

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