Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 3,458 Shares of Roper Technologies, Inc. (NYSE:ROP)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 237,175 shares of the industrial products company’s stock after selling 3,458 shares during the period. Roper Technologies accounts for 1.1% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s investment portfolio, making the stock its 27th biggest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Roper Technologies were worth $128,572,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Wealthcare Advisory Partners LLC increased its position in Roper Technologies by 6.8% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 425 shares of the industrial products company’s stock worth $238,000 after buying an additional 27 shares during the period. Diversified Trust Co bought a new position in Roper Technologies during the first quarter worth $206,000. Wasatch Advisors LP raised its stake in Roper Technologies by 26.1% during the 1st quarter. Wasatch Advisors LP now owns 7,430 shares of the industrial products company’s stock valued at $4,167,000 after purchasing an additional 1,536 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Roper Technologies by 0.4% in the 1st quarter. State of Alaska Department of Revenue now owns 11,587 shares of the industrial products company’s stock valued at $6,498,000 after purchasing an additional 50 shares during the period. Finally, Norden Group LLC acquired a new stake in Roper Technologies in the 1st quarter worth $1,662,000. 93.31% of the stock is currently owned by institutional investors.

Insider Transactions at Roper Technologies

In other Roper Technologies 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 value of $550,000.00. Following the completion of the transaction, the director now owns 32,955 shares in the company, valued at approximately $18,125,250. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.87% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ROP shares. Barclays upped their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Oppenheimer cut their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Robert W. Baird lifted their price objective on 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 cut their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $620.80.

Roper Technologies Price Performance

NYSE:ROP traded up $1.22 during trading hours on Wednesday, reaching $550.03. The company had a trading volume of 67,127 shares, compared to its average volume of 493,406. The firm has a market capitalization of $58.97 billion, a PE ratio of 40.15, a PEG ratio of 2.83 and a beta of 1.02. The stock has a 50-day moving average of $551.19 and a two-hundred day moving average of $545.64. Roper Technologies, Inc. has a one year low of $483.56 and a one year high of $579.10. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share 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 analyst estimates of $1.72 billion. During the same quarter in the prior year, the firm earned $4.32 EPS. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. Analysts forecast that Roper Technologies, Inc. will post 18.23 earnings per share for the current year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Tuesday, October 8th. Roper Technologies’s dividend payout ratio (DPR) is currently 21.95%.

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.