Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Spinnaker Trust

by · The Cerbat Gem

Spinnaker Trust raised its stake in Roper Technologies, Inc. (NYSE:ROP – Free Report) by 6.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 798 shares of the industrial products company’s stock after buying an additional 50 shares during the quarter. Spinnaker Trust’s holdings in Roper Technologies were worth $386,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Achmea Investment Management B.V. increased its position in Roper Technologies by 106.3% in the 2nd quarter. Achmea Investment Management B.V. now owns 297 shares of the industrial products company’s stock valued at $143,000 after acquiring an additional 153 shares during the period. EA Series Trust acquired a new stake in Roper Technologies in the second quarter worth about $420,000. Toth Financial Advisory Corp grew its position in Roper Technologies by 1.8% in the 3rd quarter. Toth Financial Advisory Corp now owns 3,066 shares of the industrial products company’s stock valued at $1,485,000 after buying an additional 54 shares in the last quarter. Perigon Wealth Management LLC grew its position in Roper Technologies by 2.4% in the 2nd quarter. Perigon Wealth Management LLC now owns 1,147 shares of the industrial products company’s stock valued at $551,000 after buying an additional 27 shares in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new position in Roper Technologies during the 3rd quarter valued at about $220,000. Institutional investors and hedge funds own 91.59% of the company’s stock.

Roper Technologies Price Performance

Shares of NYSE:ROP opened at $549.62 on Monday. The company has a market cap of $58.71 billion, a P/E ratio of 42.64, a price-to-earnings-growth ratio of 2.91 and a beta of 1.02. The company’s fifty day moving average is $539.79 and its two-hundred day moving average is $511.84. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33. Roper Technologies, Inc. has a 12-month low of $416.77 and a 12-month high of $562.69.

Roper Technologies (NYSE:ROP – Get Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.03. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the firm earned $3.92 earnings per share. Roper Technologies’s quarterly revenue was up 12.7% on a year-over-year basis. Equities analysts expect that Roper Technologies, Inc. will post 18.01 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th were issued a dividend of $0.75 per share. This is a boost from Roper Technologies’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Monday, January 8th. Roper Technologies’s dividend payout ratio (DPR) is currently 23.27%.

Insider Buying and Selling at Roper Technologies

In other news, Director Robert D. Johnson sold 250 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $538.25, for a total transaction of $134,562.50. Following the transaction, the director now directly owns 5,346 shares in the company, valued at approximately $2,877,484.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.94% of the company’s stock.

Analyst Ratings Changes

ROP has been the subject of several recent analyst reports. TheStreet upgraded shares of Roper Technologies from a “c+” rating to a “b-” rating in a report on Friday, November 10th. Wells Fargo & Company lifted their price target on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Royal Bank of Canada upped their price objective on Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a report on Thursday. Truist Financial reaffirmed a “buy” rating and set a $575.00 target price on shares of Roper Technologies in a report on Friday, October 20th. Finally, Oppenheimer restated an “outperform” rating and set a $580.00 price objective on shares of Roper Technologies in a research report on Thursday. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $551.50.

Read Our Latest Analysis on Roper Technologies

About Roper Technologies

(Free Report)

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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.

Further Reading

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