Moors & Cabot Inc. Sells 54 Shares of Roper Technologies, Inc. (NYSE:ROP)

Moors & Cabot Inc. trimmed its holdings in Roper Technologies, Inc. (NYSE:ROPFree Report) by 7.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 672 shares of the industrial products company’s stock after selling 54 shares during the quarter. Moors & Cabot Inc.’s holdings in Roper Technologies were worth $326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its stake in Roper Technologies by 10.0% during the 3rd quarter. Geneos Wealth Management Inc. now owns 231 shares of the industrial products company’s stock worth $112,000 after buying an additional 21 shares during the period. UMB Bank n.a. raised its stake in Roper Technologies by 0.6% during the 3rd quarter. UMB Bank n.a. now owns 3,437 shares of the industrial products company’s stock worth $1,664,000 after buying an additional 21 shares during the period. NorthRock Partners LLC raised its stake in Roper Technologies by 1.7% during the 3rd quarter. NorthRock Partners LLC now owns 1,223 shares of the industrial products company’s stock worth $592,000 after buying an additional 21 shares during the period. Chicago Partners Investment Group LLC raised its stake in Roper Technologies by 0.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,310 shares of the industrial products company’s stock worth $1,582,000 after buying an additional 22 shares during the period. Finally, DAVENPORT & Co LLC raised its stake in Roper Technologies by 4.2% during the 2nd quarter. DAVENPORT & Co LLC now owns 569 shares of the industrial products company’s stock worth $274,000 after buying an additional 23 shares during the period. 91.59% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Price Performance

Roper Technologies stock opened at $545.89 on Tuesday. Roper Technologies, Inc. has a 12 month low of $416.77 and a 12 month high of $562.69. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. The business’s 50 day simple moving average is $540.21 and its 200 day simple moving average is $512.29. The company has a market cap of $58.31 billion, a price-to-earnings ratio of 32.89, a PEG ratio of 2.91 and a beta of 1.02.

Roper Technologies (NYSE:ROPGet Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 EPS for the quarter, beating the consensus estimate of $4.34 by $0.03. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.58 billion. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. Roper Technologies’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.92 earnings per share. Sell-side analysts forecast that Roper Technologies, Inc. will post 18.01 EPS for the current year.

Roper Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Monday, January 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.68. Roper Technologies’s dividend payout ratio is currently 23.27%.

Insiders Place Their Bets

In other Roper Technologies news, Director Robert D. Johnson sold 250 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $538.25, for a total transaction of $134,562.50. Following the sale, the director now owns 5,346 shares in the company, valued at $2,877,484.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ROP shares. Truist Financial reaffirmed a “buy” rating and set a $575.00 price target on shares of Roper Technologies in a research note on Friday, October 20th. Wells Fargo & Company upped their target price on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Royal Bank of Canada upped their target price on Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. TD Cowen lowered Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 target price for the company. in a report on Thursday, January 4th. Finally, Mizuho upped their target price on Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Six research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $551.50.

Check Out Our Latest Stock Report on Roper Technologies

Roper Technologies Company Profile

(Free Report)

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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.

Recommended Stories

Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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.