CoreFirst Bank & Trust Invests $36,000 in Roper Technologies, Inc. (NYSE:ROP)

CoreFirst Bank & Trust acquired a new position in Roper Technologies, Inc. (NYSE:ROP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 69 shares of the industrial products company’s stock, valued at approximately $36,000.

Several other large investors have also bought and sold shares of ROP. Manchester Capital Management LLC raised its position in shares of Roper Technologies by 1.6% during the fourth quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company’s stock worth $592,000 after acquiring an additional 18 shares during the last quarter. Oxford Financial Group LTD. LLC increased its position in Roper Technologies by 3.1% during the 4th quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company’s stock valued at $309,000 after purchasing an additional 18 shares during the period. Meridian Financial Partners LLC raised its holdings in Roper Technologies by 1.0% during the 4th quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock worth $1,067,000 after purchasing an additional 20 shares during the last quarter. Principal Securities Inc. lifted its position in shares of Roper Technologies by 0.5% in the 4th quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company’s stock worth $2,231,000 after purchasing an additional 20 shares during the period. Finally, Exchange Capital Management Inc. increased its position in shares of Roper Technologies by 0.7% during the fourth quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company’s stock worth $1,426,000 after buying an additional 20 shares during the period. 93.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the transaction, the director now owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at approximately $18,540,925.18. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,101 shares of company stock valued at $4,712,045. Corporate insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

ROP has been the topic of several recent analyst reports. Truist Financial restated a “buy” rating and issued a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Robert W. Baird set a $665.00 target price on Roper Technologies in a research note on Friday, January 31st. Barclays dropped their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price objective (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Oppenheimer boosted their target price on shares of Roper Technologies from $630.00 to $640.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $623.60.

Roper Technologies Stock Performance

ROP opened at $579.07 on Wednesday. The company has a market cap of $62.18 billion, a price-to-earnings ratio of 40.38, a PEG ratio of 2.77 and a beta of 1.06. The company’s fifty day moving average price is $566.88 and its two-hundred day moving average price is $553.02. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. Roper Technologies’s dividend payout ratio (DPR) is currently 23.01%.

Roper Technologies Company 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.