Moody National Bank Trust Division reduced its holdings in shares of Roper Technologies, Inc. (NYSE:ROP – Free Report) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,097 shares of the industrial products company’s stock after selling 67 shares during the quarter. Moody National Bank Trust Division’s holdings in Roper Technologies were worth $1,090,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the business. Fairscale Capital LLC acquired a new stake in Roper Technologies in the 2nd quarter valued at $28,000. Fortitude Family Office LLC purchased a new stake in shares of Roper Technologies in the third quarter worth about $28,000. Global Wealth Strategies & Associates purchased a new stake in shares of Roper Technologies during the 3rd quarter valued at about $37,000. Kimelman & Baird LLC acquired a new position in Roper Technologies during the 2nd quarter worth approximately $42,000. Finally, Central Pacific Bank Trust Division boosted its holdings in Roper Technologies by 34.4% in the 3rd quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock worth $48,000 after acquiring an additional 22 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.
Insider Buying and Selling
In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were 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 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 is available at this link. Corporate insiders own 0.87% of the company’s stock.
Roper Technologies Trading Up 1.1 %
Roper Technologies (NYSE:ROP – Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping 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 business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the firm earned $4.32 EPS. The business’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities analysts expect that Roper Technologies, Inc. will post 18.26 earnings per share for the current year.
Roper Technologies Increases Dividend
The company also recently declared 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. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.65%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio is currently 24.14%.
Analysts Set New Price Targets
ROP has been the topic of a number of recent research reports. Barclays reduced their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird lifted their target price on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada lowered their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Oppenheimer began coverage on Roper Technologies in a research report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 target price on the stock. Finally, Truist Financial restated a “buy” rating and issued a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Roper Technologies has a consensus rating of “Moderate Buy” and an average price target 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.
Read More
- Five stocks we like better than Roper Technologies
- What is the Dogs of the Dow Strategy? Overview and Examples
- 2 Stocks to Gain From Trump Universal Tariffs on Critical Imports
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Rigetti Computing, Inc.: Buy, Sell, or Hold for 2025
- Dividend Payout Ratio Calculator
- Delta Can Fly to New Highs in 2025; Here’s Why
Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NYSE:ROP – Free Report).
Receive News & Ratings for Roper Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Roper Technologies and related companies with MarketBeat.com's FREE daily email newsletter.