Graypoint LLC Has $1.79 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Graypoint LLC cut its holdings in Roper Technologies, Inc. (NYSE:ROP) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,439 shares of the industrial products company’s stock after selling 39 shares during the quarter. Graypoint LLC’s holdings in Roper Technologies were worth $1,788,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Fairscale Capital LLC acquired a new position in Roper Technologies in the second quarter valued at approximately $28,000. Fortitude Family Office LLC acquired a new position in Roper Technologies in the third quarter valued at approximately $28,000. Valley Wealth Managers Inc. acquired a new position in Roper Technologies in the second quarter valued at approximately $31,000. Global Wealth Strategies & Associates bought a new stake in shares of Roper Technologies during the third quarter valued at approximately $37,000. Finally, Kimelman & Baird LLC bought a new stake in shares of Roper Technologies during the second quarter valued at approximately $42,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 1,000 shares of the company’s stock in a transaction 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. This represents a 2.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.87% of the company’s stock.

Roper Technologies Trading Down 1.5 %

Shares of Roper Technologies stock opened at $502.71 on Friday. The stock has a fifty day simple moving average of $543.00 and a 200 day simple moving average of $547.61. Roper Technologies, Inc. has a 12-month low of $502.10 and a 12-month high of $580.09. The company has a market capitalization of $53.91 billion, a P/E ratio of 36.77, a price-to-earnings-growth ratio of 2.84 and a beta of 1.04. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data 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 return on equity of 10.73% and a net margin of 21.78%. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the firm earned $4.32 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. On average, sell-side analysts anticipate that Roper Technologies, Inc. will post 18.26 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a $0.825 dividend. The ex-dividend date is Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.66%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s payout ratio is currently 24.14%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ROP. Oppenheimer began coverage on Roper Technologies in a report on Monday, December 23rd. They set an “outperform” rating and a $630.00 price objective for the company. Royal Bank of Canada decreased their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Truist Financial restated a “buy” rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Barclays decreased their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday. Finally, Mizuho boosted their price objective on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $623.33.

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.