Threadgill Financial LLC Has $2.78 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Threadgill Financial LLC raised its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 9.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,345 shares of the industrial products company’s stock after purchasing an additional 474 shares during the quarter. Roper Technologies accounts for 1.5% of Threadgill Financial LLC’s portfolio, making the stock its 14th largest holding. Threadgill Financial LLC’s holdings in Roper Technologies were worth $2,779,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Fairscale Capital LLC bought a new position in Roper Technologies during the 2nd quarter valued at about $28,000. Fortitude Family Office LLC bought a new position in shares of Roper Technologies in the third quarter valued at approximately $28,000. Global Wealth Strategies & Associates acquired a new position in shares of Roper Technologies in the 3rd quarter worth approximately $37,000. Kimelman & Baird LLC bought a new stake in Roper Technologies during the 2nd quarter worth approximately $42,000. Finally, Central Pacific Bank Trust Division increased its holdings in Roper Technologies by 34.4% during the 3rd quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 22 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Barclays decreased their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Royal Bank of Canada decreased their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Truist Financial reiterated a “buy” rating and set a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Robert W. Baird raised their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Oppenheimer started coverage on Roper Technologies in a report on Monday, December 23rd. They set an “outperform” rating and a $630.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and an average price target of $623.33.

Insider Activity

In related 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 approximately $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is currently owned by company insiders.

Roper Technologies Trading Down 1.5 %

Shares of NYSE ROP opened at $502.71 on Monday. Roper Technologies, Inc. has a fifty-two week low of $502.10 and a fifty-two week high of $580.09. The firm has a market capitalization of $53.91 billion, a P/E ratio of 36.77, a P/E/G ratio of 2.84 and a beta of 1.04. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The company’s 50 day simple moving average is $543.00 and its 200 day simple moving average is $547.43.

Roper Technologies (NYSE:ROP) last posted its quarterly 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 return on equity of 10.73% and a net margin of 21.78%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the business posted $4.32 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. On average, analysts predict that Roper Technologies, Inc. will post 18.26 EPS for the current year.

Roper Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.825 per share. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Friday, January 3rd. Roper Technologies’s payout ratio is presently 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.