ORG Wealth Partners LLC Has $205,000 Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

ORG Wealth Partners LLC reduced its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 9.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 394 shares of the industrial products company’s stock after selling 40 shares during the period. ORG Wealth Partners LLC’s holdings in Roper Technologies were worth $205,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Fairscale Capital LLC bought a new stake in Roper Technologies during the second quarter worth $28,000. Fortitude Family Office LLC purchased a new stake in shares of Roper Technologies in the third quarter valued at about $28,000. Valley Wealth Managers Inc. bought a new position in shares of Roper Technologies during the second quarter valued at about $31,000. Global Wealth Strategies & Associates purchased a new position in Roper Technologies during the third quarter worth about $37,000. Finally, Kimelman & Baird LLC bought a new stake in Roper Technologies in the 2nd quarter worth about $42,000. Institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies 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 completion of the sale, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.87% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ROP. Oppenheimer assumed coverage on Roper Technologies in a research note on Monday, December 23rd. They issued an “outperform” rating and a $630.00 target price on the stock. Truist Financial restated a “buy” rating and issued a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Robert W. Baird lifted their target price on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Mizuho increased their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Barclays decreased their price target 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. One analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $623.33.

Roper Technologies Price Performance

NYSE:ROP traded down $8.13 during trading hours on Friday, hitting $502.17. 153,314 shares of the company’s stock traded hands, compared to its average volume of 638,273. Roper Technologies, Inc. has a 52 week low of $502.17 and a 52 week high of $580.09. The business’s fifty day simple moving average is $543.77 and its two-hundred day simple moving average is $548.03. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The firm has a market cap of $53.85 billion, a P/E ratio of 36.74, a P/E/G ratio of 2.84 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping the consensus estimate of $4.53 by $0.09. The company 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%. Roper Technologies’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.32 earnings per share. On average, research analysts anticipate that Roper Technologies, Inc. will post 18.26 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.825 per share. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Friday, January 3rd. 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.