Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC lowered its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 10.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,820 shares of the industrial products company’s stock after selling 705 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Roper Technologies were worth $3,026,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Segment Wealth Management LLC boosted its stake in Roper Technologies by 0.9% in the fourth quarter. Segment Wealth Management LLC now owns 18,879 shares of the industrial products company’s stock valued at $9,814,000 after acquiring an additional 173 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of Roper Technologies by 9.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 8,820 shares of the industrial products company’s stock valued at $4,585,000 after purchasing an additional 756 shares during the period. Ballentine Partners LLC increased its position in Roper Technologies by 1.7% during the fourth quarter. Ballentine Partners LLC now owns 1,662 shares of the industrial products company’s stock worth $864,000 after buying an additional 27 shares during the period. ZWJ Investment Counsel Inc. grew its position in shares of Roper Technologies by 2.8% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 64,296 shares of the industrial products company’s stock worth $33,424,000 after acquiring an additional 1,743 shares during the last quarter. Finally, Mountain Pacific Investment Advisers LLC increased its stake in Roper Technologies by 0.5% in the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 87,220 shares of the industrial products company’s stock valued at $45,341,000 after purchasing an additional 407 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

ROP has been the subject of several analyst reports. Mizuho upped their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Barclays lowered their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Robert W. Baird increased their target price 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 restated 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. Finally, Oppenheimer started coverage on Roper Technologies in a research report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and a consensus price target of $623.33.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction on 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. The trade was a 2.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.87% of the stock is owned by insiders.

Roper Technologies Stock Performance

Shares of ROP opened at $522.32 on Tuesday. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $580.09. The stock has a market cap of $56.01 billion, a P/E ratio of 38.21, a PEG ratio of 2.49 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. The company has a 50-day moving average of $537.92 and a two-hundred day moving average of $545.52.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.53 by $0.09. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.32 EPS. As a group, research analysts predict that Roper Technologies, Inc. will post 18.29 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Friday, January 3rd. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio (DPR) is currently 24.14%.

About Roper Technologies

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.