Roper Technologies, Inc. (NYSE:ROP) is Clear Harbor Asset Management LLC’s Largest Position

Clear Harbor Asset Management LLC cut its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 216,106 shares of the industrial products company’s stock after selling 2,898 shares during the quarter. Roper Technologies accounts for about 9.0% of Clear Harbor Asset Management LLC’s portfolio, making the stock its largest holding. Clear Harbor Asset Management LLC owned about 0.20% of Roper Technologies worth $112,343,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in ROP. Wellington Management Group LLP raised its position in shares of Roper Technologies by 87.8% in the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock worth $410,977,000 after acquiring an additional 345,268 shares during the period. Loomis Sayles & Co. L P raised its holdings in Roper Technologies by 25.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company’s stock worth $360,811,000 after purchasing an additional 132,913 shares during the period. State Street Corp boosted its position in Roper Technologies by 2.9% during the third quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock worth $2,632,199,000 after purchasing an additional 132,575 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Roper Technologies by 37.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 427,943 shares of the industrial products company’s stock valued at $238,125,000 after buying an additional 116,523 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Roper Technologies by 31.0% during the 2nd quarter. Bank of Montreal Can now owns 338,887 shares of the industrial products company’s stock worth $192,176,000 after buying an additional 80,255 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Price Performance

Shares of ROP stock opened at $522.32 on Tuesday. The firm’s 50-day moving average is $538.78 and its two-hundred day moving average is $545.79. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $580.09. 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 has a market capitalization of $56.01 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 2.49 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last released 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. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the business posted $4.32 EPS. Analysts predict that Roper Technologies, Inc. will post 18.29 earnings per share for the current 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. The ex-dividend date was Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.63%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio (DPR) is presently 24.14%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Barclays cut their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Truist Financial reaffirmed 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. Royal Bank of Canada lowered their price target 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. Robert W. Baird lifted their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Mizuho raised their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. One equities 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 assigned a strong buy rating to the company. Based on data from MarketBeat, Roper Technologies presently has a consensus 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 Roper Technologies 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 of the company’s stock, valued at $18,125,250. The trade was a 2.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.87% of the stock is owned by corporate insiders.

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.