Nixon Peabody Trust Co. Cuts Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Nixon Peabody Trust Co. decreased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 20,203 shares of the industrial products company’s stock after selling 363 shares during the period. Nixon Peabody Trust Co.’s holdings in Roper Technologies were worth $11,242,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new stake in shares of Roper Technologies in the first quarter valued at about $25,000. Fairscale Capital LLC acquired a new stake in Roper Technologies in the 2nd quarter worth about $28,000. Fortitude Family Office LLC purchased a new stake in Roper Technologies during the 3rd quarter worth approximately $28,000. Versant Capital Management Inc raised its holdings in shares of Roper Technologies by 58.8% during the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 20 shares during the last quarter. Finally, Valley Wealth Managers Inc. purchased a new position in shares of Roper Technologies in the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on ROP shares. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Truist Financial reissued a “buy” rating and issued a $665.00 price target (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Mizuho upped their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Jefferies Financial Group increased their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, Robert W. Baird boosted 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. 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $620.80.

Roper Technologies Trading Down 0.0 %

Shares of Roper Technologies stock traded down $0.05 during trading hours on Monday, hitting $548.18. The company’s stock had a trading volume of 44,273 shares, compared to its average volume of 494,193. The stock has a market cap of $58.78 billion, a price-to-earnings ratio of 40.10, a P/E/G ratio of 2.86 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. Roper Technologies, Inc. has a twelve month low of $508.22 and a twelve month high of $579.10. The firm has a fifty day moving average of $552.39 and a 200-day moving average of $548.19.

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 net margin of 21.78% and a return on equity of 10.73%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the business posted $4.32 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. Research analysts forecast that Roper Technologies, Inc. will post 18.24 EPS for the current year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a $0.825 dividend. The ex-dividend date is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.60%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s payout ratio is 21.95%.

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 shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the transaction, the director now 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 legal filing with the SEC, which is available at this link. 0.87% of the stock is owned by insiders.

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.