Woodstock Corp Decreases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Woodstock Corp lowered its holdings in Roper Technologies, Inc. (NYSE:ROP) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,306 shares of the industrial products company’s stock after selling 300 shares during the period. Woodstock Corp’s holdings in Roper Technologies were worth $5,877,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ROP. Ledyard National Bank boosted its holdings in shares of Roper Technologies by 2.1% in the 3rd quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock worth $499,000 after buying an additional 18 shares during the last quarter. Meridian Financial Partners LLC raised its position in Roper Technologies by 1.0% in the fourth quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock worth $1,067,000 after acquiring an additional 20 shares during the period. Cromwell Holdings LLC boosted its stake in Roper Technologies by 6.8% in the third quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock valued at $185,000 after acquiring an additional 21 shares during the last quarter. Hibernia Wealth Partners LLC grew its position in shares of Roper Technologies by 4.2% during the 3rd quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company’s stock valued at $291,000 after acquiring an additional 21 shares during the period. Finally, Ballast Advisors LLC increased its stake in shares of Roper Technologies by 1.3% during the 3rd quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock worth $921,000 after purchasing an additional 21 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on ROP shares. Royal Bank of Canada dropped their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Mizuho upped their price target 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 price target on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Truist Financial reissued a “buy” rating and set a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Finally, Barclays reduced their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $623.33.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the company’s 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 completion of the transaction, the director now directly owns 32,955 shares in the company, valued at approximately $18,125,250. This represents a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

NYSE:ROP opened at $519.10 on Friday. The stock has a market cap of $55.66 billion, a P/E ratio of 28.12, a PEG ratio of 2.40 and a beta of 1.04. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The business’s 50-day moving average price is $540.75 and its two-hundred day moving average price is $546.48. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $580.09.

Roper Technologies (NYSE:ROP) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.72 billion. During the same period last year, the firm posted $4.32 earnings per share. Roper Technologies’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, equities analysts predict 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 will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Friday, January 3rd. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio is currently 24.14%.

Roper Technologies Company 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.