Whittier Trust Co. of Nevada Inc. Has $197,000 Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Whittier Trust Co. of Nevada Inc. increased its holdings in Roper Technologies, Inc. (NYSE:ROP) by 21.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 354 shares of the industrial products company’s stock after acquiring an additional 62 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Roper Technologies were worth $197,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Western Financial Corp CA lifted its holdings in shares of Roper Technologies by 1.5% in the third quarter. Western Financial Corp CA now owns 1,753 shares of the industrial products company’s stock valued at $975,000 after purchasing an additional 26 shares in the last quarter. Toth Financial Advisory Corp boosted its holdings in Roper Technologies by 6.9% during the 3rd quarter. Toth Financial Advisory Corp now owns 3,805 shares of the industrial products company’s stock worth $2,117,000 after acquiring an additional 247 shares during the last quarter. Clarus Group Inc. grew its stake in shares of Roper Technologies by 51.3% in the 3rd quarter. Clarus Group Inc. now owns 1,566 shares of the industrial products company’s stock worth $871,000 after acquiring an additional 531 shares in the last quarter. Suncoast Equity Management raised its holdings in shares of Roper Technologies by 3.9% in the third quarter. Suncoast Equity Management now owns 1,386 shares of the industrial products company’s stock valued at $771,000 after purchasing an additional 52 shares during the last quarter. Finally, Arlington Partners LLC lifted its position in shares of Roper Technologies by 16.6% during the third quarter. Arlington Partners LLC now owns 6,992 shares of the industrial products company’s stock valued at $3,891,000 after purchasing an additional 997 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

NYSE ROP opened at $542.94 on Thursday. The firm has a market cap of $58.12 billion, a P/E ratio of 39.40, a price-to-earnings-growth ratio of 2.92 and a beta of 1.02. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average is $551.48 and its 200-day moving average is $545.46. Roper Technologies, Inc. has a 12-month low of $474.46 and a 12-month high of $579.10.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.46 by $0.02. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Sell-side analysts predict that Roper Technologies, Inc. will post 18.16 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Tuesday, October 8th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. Roper Technologies’s dividend payout ratio (DPR) is 21.77%.

Insiders Place Their Bets

In other news, Director Robert D. Johnson sold 140 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $550.34, for a total value of $77,047.60. Following the sale, the director now directly owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.87% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ROP has been the subject of a number of recent analyst reports. Oppenheimer reduced their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Barclays lifted their price target on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Mizuho lifted their target price on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada raised their price objective on shares of Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $619.50.

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.