First United Bank & Trust Cuts Stock Position in Roper Technologies, Inc. (NYSE:ROP)

First United Bank & Trust trimmed its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.8% in the fourth quarter, Holdings Channel reports. The firm owned 2,378 shares of the industrial products company’s stock after selling 20 shares during the period. First United Bank & Trust’s holdings in Roper Technologies were worth $1,236,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in ROP. Fairscale Capital LLC acquired a new stake in Roper Technologies during the 2nd quarter valued at $28,000. Fortitude Family Office LLC acquired a new position in shares of Roper Technologies in the 3rd quarter worth approximately $28,000. Global Wealth Strategies & Associates bought a new stake in shares of Roper Technologies in the 3rd quarter valued at approximately $37,000. Kimelman & Baird LLC acquired a new stake in shares of Roper Technologies during the 2nd quarter valued at approximately $42,000. Finally, Central Pacific Bank Trust Division lifted its stake in Roper Technologies by 34.4% during the third quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 22 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ROP has been the subject of several recent research reports. Truist Financial reiterated a “buy” rating and set a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Oppenheimer assumed coverage on shares of Roper Technologies in a research report on Monday, December 23rd. They set an “outperform” rating and a $630.00 price objective for the company. Royal Bank of Canada cut their target price 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. Robert W. Baird lifted their target price on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Mizuho raised their price target on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $623.33.

Roper Technologies Trading Up 0.6 %

Shares of Roper Technologies stock opened at $522.32 on Tuesday. The business has a fifty day simple moving average of $538.78 and a 200-day simple moving average of $545.79. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $580.09. The firm has a market cap of $56.01 billion, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 2.49 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 (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, beating analysts’ consensus estimates of $4.53 by $0.09. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. Roper Technologies’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the company earned $4.32 EPS. On average, equities analysts forecast that Roper Technologies, Inc. will post 18.29 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a $0.825 dividend. 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 is currently 24.14%.

Insider Activity

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the sale, the director now owns 32,955 shares in the company, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.87% of the company’s stock.

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.