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 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,797 shares of the industrial products company’s stock after selling 350 shares during the period. Roper Technologies comprises about 1.5% of Lincoln Capital LLC’s portfolio, making the stock its 15th largest holding. Lincoln Capital LLC’s holdings in Roper Technologies were worth $7,172,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. 3Chopt Investment Partners LLC purchased a new position in shares of Roper Technologies during the second quarter valued at approximately $220,000. AE Wealth Management LLC raised its stake in Roper Technologies by 64.8% during the 2nd quarter. AE Wealth Management LLC now owns 816 shares of the industrial products company’s stock valued at $460,000 after buying an additional 321 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Roper Technologies by 55.4% during the 2nd quarter. Sei Investments Co. now owns 45,702 shares of the industrial products company’s stock valued at $25,759,000 after buying an additional 16,288 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Roper Technologies by 11.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 7,341 shares of the industrial products company’s stock worth $4,138,000 after buying an additional 756 shares during the last quarter. Finally, Summit Trail Advisors LLC grew its holdings in shares of Roper Technologies by 128.1% in the second quarter. Summit Trail Advisors LLC now owns 2,187 shares of the industrial products company’s stock worth $1,233,000 after acquiring an additional 1,228 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Up 0.6 %

Shares of Roper Technologies stock opened at $522.32 on Monday. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $580.09. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The company has a market capitalization of $56.01 billion, a P/E ratio of 28.12, a P/E/G ratio of 2.40 and a beta of 1.04. The company has a fifty day moving average of $538.78 and a 200 day moving average of $545.89.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data 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 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 quarter in the prior year, the company posted $4.32 earnings per share. On average, sell-side analysts anticipate that Roper Technologies, Inc. will post 18.29 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

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

Wall Street Analysts Forecast Growth

ROP has been the topic of a number of recent research reports. Truist Financial reissued a “buy” rating and issued a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Mizuho increased their price objective 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. Oppenheimer initiated coverage on shares of Roper Technologies in a research report on Monday, December 23rd. They set an “outperform” rating and a $630.00 target price for the company. Royal Bank of Canada decreased their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Barclays cut 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 report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $623.33.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.87% of the company’s stock.

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.