Lincoln Capital LLC Sells 350 Shares of Roper Technologies, Inc. (NYSE:ROP)

Lincoln Capital LLC trimmed its holdings in Roper Technologies, Inc. (NYSE:ROP) by 2.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,797 shares of the industrial products company’s stock after selling 350 shares during the quarter. Roper Technologies accounts for about 1.5% of Lincoln Capital LLC’s holdings, making the stock its 15th biggest holding. Lincoln Capital LLC’s holdings in Roper Technologies were worth $7,172,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted its position in Roper Technologies by 5.4% during the third quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company’s stock valued at $19,282,000 after buying an additional 1,789 shares during the period. Citigroup Inc. lifted its stake in shares of Roper Technologies by 17.6% in the 3rd quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company’s stock valued at $106,050,000 after acquiring an additional 28,555 shares during the last quarter. Synovus Financial Corp boosted its holdings in Roper Technologies by 19.6% during the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock valued at $3,265,000 after acquiring an additional 961 shares during the period. Douglas Lane & Associates LLC grew its position in Roper Technologies by 18.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company’s stock worth $57,005,000 after acquiring an additional 17,466 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in Roper Technologies by 8.5% in the 4th quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company’s stock worth $280,113,000 after purchasing an additional 42,016 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the sale, the director now directly owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. This represents a 2.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.87% of the company’s stock.

Roper Technologies Trading Up 0.6 %

ROP opened at $522.32 on Monday. The stock has a market cap of $56.01 billion, a PE ratio of 28.12, a PEG ratio of 2.40 and a beta of 1.04. The business has a 50 day moving average of $538.78 and a 200-day moving average of $545.89. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $580.09. 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 (NYSE:ROP) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the business posted $4.32 EPS. The company’s quarterly revenue was up 11.7% on a year-over-year basis. Equities research analysts predict that Roper Technologies, Inc. will post 18.29 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.63%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, January 3rd. Roper Technologies’s dividend payout ratio (DPR) is presently 24.14%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ROP shares. Robert W. Baird raised their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Royal Bank of Canada cut their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Barclays lowered their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Mizuho raised 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, Oppenheimer initiated coverage on Roper Technologies in a research report on Monday, December 23rd. They set an “outperform” rating and a $630.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.