Red Spruce Capital LLC Has $873,000 Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Red Spruce Capital LLC lessened its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,680 shares of the industrial products company’s stock after selling 129 shares during the quarter. Red Spruce Capital LLC’s holdings in Roper Technologies were worth $873,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Beaumont Financial Advisors LLC lifted its holdings in shares of Roper Technologies by 83.1% during the 4th quarter. Beaumont Financial Advisors LLC now owns 1,130 shares of the industrial products company’s stock worth $587,000 after acquiring an additional 513 shares during the period. Atomi Financial Group Inc. raised its position in Roper Technologies by 2.2% in the fourth quarter. Atomi Financial Group Inc. now owns 1,336 shares of the industrial products company’s stock worth $695,000 after purchasing an additional 29 shares in the last quarter. Segment Wealth Management LLC boosted its holdings in Roper Technologies by 0.9% during the fourth quarter. Segment Wealth Management LLC now owns 18,879 shares of the industrial products company’s stock valued at $9,814,000 after purchasing an additional 173 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of Roper Technologies by 9.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 8,820 shares of the industrial products company’s stock valued at $4,585,000 after purchasing an additional 756 shares during the period. Finally, Ballentine Partners LLC boosted its stake in Roper Technologies by 1.7% in the 4th quarter. Ballentine Partners LLC now owns 1,662 shares of the industrial products company’s stock valued at $864,000 after buying an additional 27 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Trading Up 1.6 %

Shares of NYSE:ROP opened at $530.79 on Wednesday. The company’s 50-day moving average price is $537.92 and its two-hundred day moving average price is $545.52. Roper Technologies, Inc. has a one year low of $499.47 and a one year 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 stock has a market capitalization of $56.92 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 2.49 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating the consensus estimate of $4.53 by $0.09. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.32 earnings per share. On average, equities analysts forecast that Roper Technologies, Inc. will post 18.29 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 0.62%. Roper Technologies’s dividend payout ratio (DPR) is currently 24.14%.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.87% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on ROP shares. Oppenheimer assumed coverage on shares of Roper Technologies in a research note on Monday, December 23rd. They set an “outperform” rating and a $630.00 price objective on the stock. Mizuho lifted their price objective on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Robert W. Baird increased their target price on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Truist Financial reaffirmed a “buy” rating and issued a $665.00 price target (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Finally, Royal Bank of Canada decreased their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and an average price target 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.