Roper Technologies, Inc. (NYSE:ROP) Shares Sold by First United Bank & Trust

First United Bank & Trust decreased its holdings in Roper Technologies, Inc. (NYSE:ROP) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,378 shares of the industrial products company’s stock after selling 20 shares during the quarter. First United Bank & Trust’s holdings in Roper Technologies were worth $1,236,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. 3Chopt Investment Partners LLC purchased a new stake in Roper Technologies during the second quarter worth about $220,000. AE Wealth Management LLC boosted its stake in shares of Roper Technologies by 64.8% during the 2nd quarter. AE Wealth Management LLC now owns 816 shares of the industrial products company’s stock worth $460,000 after acquiring an additional 321 shares in the last quarter. Sei Investments Co. increased its stake in Roper Technologies by 55.4% in the 2nd quarter. Sei Investments Co. now owns 45,702 shares of the industrial products company’s stock valued at $25,759,000 after purchasing an additional 16,288 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Roper Technologies by 11.5% during the second quarter. Thrivent Financial for Lutherans now owns 7,341 shares of the industrial products company’s stock worth $4,138,000 after purchasing an additional 756 shares during the last quarter. Finally, Frank Rimerman Advisors LLC boosted its position in Roper Technologies by 13,928.6% during the second quarter. Frank Rimerman Advisors LLC now owns 982 shares of the industrial products company’s stock worth $554,000 after purchasing an additional 975 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the transaction, the director now directly owns 32,955 shares in the company, valued at $18,125,250. This trade represents a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.87% of the stock is owned by company insiders.

Roper Technologies Stock Up 0.6 %

ROP stock opened at $522.32 on Tuesday. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $580.09. The stock has a market capitalization of $56.01 billion, a P/E ratio of 29.21, a PEG ratio of 2.49 and a beta of 1.04. The company has a 50 day moving average price of $538.78 and a two-hundred day moving average price of $545.79. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating the consensus estimate of $4.53 by $0.09. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.32 earnings per share. As a group, sell-side analysts expect that Roper Technologies, Inc. will post 18.29 EPS for the current year.

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were given a dividend of $0.825 per share. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.63%. Roper Technologies’s dividend payout ratio is 24.14%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ROP shares. Robert W. Baird raised their price target on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada cut their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Barclays reduced their price target 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 started coverage on shares of Roper Technologies in a research note on Monday, December 23rd. They set an “outperform” rating and a $630.00 price objective for the company. Finally, Truist Financial reaffirmed a “buy” rating and issued a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and an average price target of $623.33.

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.