Dixon Mitchell Investment Counsel Inc. Has $55.26 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

Dixon Mitchell Investment Counsel Inc. increased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 23.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,295 shares of the industrial products company’s stock after purchasing an additional 20,011 shares during the quarter. Roper Technologies accounts for approximately 2.6% of Dixon Mitchell Investment Counsel Inc.’s investment portfolio, making the stock its 16th largest position. Dixon Mitchell Investment Counsel Inc. owned 0.10% of Roper Technologies worth $55,257,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Winch Advisory Services LLC lifted its stake in Roper Technologies by 10.4% during the fourth quarter. Winch Advisory Services LLC now owns 924 shares of the industrial products company’s stock worth $480,000 after purchasing an additional 87 shares during the last quarter. Meridian Financial Partners LLC boosted its position in Roper Technologies by 1.0% in the fourth quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock valued at $1,067,000 after buying an additional 20 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Roper Technologies by 15.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 653 shares of the industrial products company’s stock worth $339,000 after buying an additional 88 shares during the last quarter. Rockland Trust Co. increased its holdings in shares of Roper Technologies by 4.4% during the fourth quarter. Rockland Trust Co. now owns 35,994 shares of the industrial products company’s stock worth $18,711,000 after buying an additional 1,503 shares in the last quarter. Finally, CCLA Investment Management boosted its holdings in shares of Roper Technologies by 4.3% during the 4th quarter. CCLA Investment Management now owns 286,508 shares of the industrial products company’s stock valued at $148,898,000 after acquiring an additional 11,818 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the transaction, the director now owns 32,955 shares in the company, 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 Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.87% of the company’s stock.

Roper Technologies Trading Up 0.1 %

ROP opened at $518.50 on Thursday. The stock has a market cap of $55.60 billion, a PE ratio of 37.93, a price-to-earnings-growth ratio of 2.40 and a beta of 1.04. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $580.09. The company has a fifty day moving average of $541.68 and a 200-day moving average of $546.68.

Roper Technologies (NYSE:ROP) last issued 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 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 business’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business posted $4.32 EPS. On average, sell-side analysts predict that Roper Technologies, Inc. will post 18.29 EPS for the current year.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be paid a $0.825 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 0.64%. Roper Technologies’s payout ratio is 24.14%.

Wall Street Analyst Weigh In

Several equities analysts have commented on ROP shares. Royal Bank of Canada dropped their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Mizuho raised their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. 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 report on Wednesday, January 8th. Oppenheimer initiated coverage on shares of Roper Technologies in a research note on Monday, December 23rd. They set an “outperform” rating and a $630.00 price target for the company. Finally, Truist Financial reissued a “buy” rating and issued a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $623.33.

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.