Harbor Investment Advisory LLC Reduces Holdings in Roper Technologies, Inc. (NYSE:ROP)

Harbor Investment Advisory LLC decreased its holdings in Roper Technologies, Inc. (NYSE:ROP) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 434 shares of the industrial products company’s stock after selling 33 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Roper Technologies were worth $226,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Roper Technologies by 1.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 33,916 shares of the industrial products company’s stock worth $17,631,000 after buying an additional 576 shares during the last quarter. Guinness Asset Management LTD boosted its holdings in shares of Roper Technologies by 9.9% in the fourth quarter. Guinness Asset Management LTD now owns 70,298 shares of the industrial products company’s stock worth $36,544,000 after buying an additional 6,341 shares during the last quarter. Strong Tower Advisory Services boosted its holdings in shares of Roper Technologies by 11.2% in the fourth quarter. Strong Tower Advisory Services now owns 4,103 shares of the industrial products company’s stock worth $2,133,000 after buying an additional 413 shares during the last quarter. Smith Salley Wealth Management boosted its holdings in shares of Roper Technologies by 1.4% in the fourth quarter. Smith Salley Wealth Management now owns 34,866 shares of the industrial products company’s stock worth $18,125,000 after buying an additional 481 shares during the last quarter. Finally, Raub Brock Capital Management LP boosted its holdings in shares of Roper Technologies by 2.2% in the fourth quarter. Raub Brock Capital Management LP now owns 30,840 shares of the industrial products company’s stock worth $16,032,000 after buying an additional 650 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

ROP has been the topic of a number of recent analyst reports. Royal Bank of Canada decreased their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Barclays decreased their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. 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 research note on Thursday, October 24th. 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 target price on the stock. Finally, Mizuho raised their target price 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 analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $624.38.

Roper Technologies Trading Up 0.7 %

Roper Technologies stock opened at $534.45 on Thursday. The stock has a market cap of $57.31 billion, a P/E ratio of 39.10, a PEG ratio of 2.49 and a beta of 1.04. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $580.09. The firm’s 50 day moving average price is $537.24 and its 200-day moving average price is $545.29.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping the consensus estimate of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The company 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 earnings per share. Roper Technologies’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities 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 declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.62%. The ex-dividend date was Friday, January 3rd. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s payout ratio is currently 24.14%.

Roper Technologies 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.