Intrust Bank NA Increases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Intrust Bank NA lifted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP – Get Rating) by 28.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 926 shares of the industrial products company’s stock after acquiring an additional 204 shares during the period. Intrust Bank NA’s holdings in Roper Technologies were worth $400,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ROP. Lord Abbett & CO. LLC grew its position in shares of Roper Technologies by 1.7% during the first quarter. Lord Abbett & CO. LLC now owns 27,664 shares of the industrial products company’s stock worth $13,064,000 after acquiring an additional 463 shares during the last quarter. Prudential PLC purchased a new position in shares of Roper Technologies during the first quarter worth approximately $1,038,000. Cetera Investment Advisers grew its position in shares of Roper Technologies by 0.8% during the first quarter. Cetera Investment Advisers now owns 3,916 shares of the industrial products company’s stock worth $1,849,000 after acquiring an additional 30 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in shares of Roper Technologies during the first quarter worth approximately $367,000. Finally, Candriam Luxembourg S.C.A. grew its position in shares of Roper Technologies by 432.2% during the first quarter. Candriam Luxembourg S.C.A. now owns 37,205 shares of the industrial products company’s stock worth $17,569,000 after acquiring an additional 30,214 shares during the last quarter. 92.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ROP shares. StockNews.com started coverage on Roper Technologies in a report on Thursday, May 18th. They set a “hold” rating for the company. Truist Financial increased their price target on Roper Technologies from $525.00 to $540.00 in a report on Friday, April 28th. Wolfe Research raised Roper Technologies from a “peer perform” rating to an “outperform” rating and set a $480.00 price target for the company in a report on Thursday, February 23rd. Barclays increased their price target on Roper Technologies from $518.00 to $525.00 in a report on Monday, May 1st. Finally, Robert W. Baird reaffirmed a “neutral” rating and set a $476.00 price target on shares of Roper Technologies in a report on Monday, March 20th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $498.08.

Insider Transactions at Roper Technologies

In related news, Director Robert D. Johnson sold 250 shares of Roper Technologies stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $436.00, for a total transaction of $109,000.00. Following the completion of the sale, the director now owns 6,153 shares in the company, valued at approximately $2,682,708. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Robert D. Johnson sold 250 shares of Roper Technologies stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $436.00, for a total transaction of $109,000.00. Following the completion of the sale, the director now owns 6,153 shares in the company, valued at approximately $2,682,708. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Christopher Wright sold 471 shares of Roper Technologies stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $429.55, for a total value of $202,318.05. Following the sale, the director now owns 38,127 shares of the company’s stock, valued at approximately $16,377,452.85. The disclosure for this sale can be found here. Corporate insiders own 0.88% of the company’s stock.

Roper Technologies Trading Up 1.7 %

NYSE:ROP opened at $449.44 on Friday. The company has a market capitalization of $47.91 billion, a PE ratio of 17.10, a price-to-earnings-growth ratio of 2.59 and a beta of 1.04. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 0.37. Roper Technologies, Inc. has a 52-week low of $356.21 and a 52-week high of $463.90. The stock has a fifty day simple moving average of $444.92 and a 200-day simple moving average of $436.68.

Roper Technologies (NYSE:ROP – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The industrial products company reported $3.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.85 by $0.05. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. Roper Technologies had a return on equity of 11.00% and a net margin of 50.48%. The business’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.77 EPS. On average, equities research analysts expect that Roper Technologies, Inc. will post 16.25 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 21st. Stockholders of record on Thursday, April 6th were paid a dividend of $0.683 per share. This represents a $2.73 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Wednesday, April 5th. This is an increase from Roper Technologies’s previous quarterly dividend of $0.68. Roper Technologies’s payout ratio is 10.38%.

Roper Technologies Company Profile

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Roper Technologies, Inc is a diversified technology company, which engages in the provision of engineered products and solutions for global niche markets. It operates through the following segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment includes Aderant, CBORD/Horizon, CliniSys, Data Innovations, Deltek, Frontline Education, IntelliTrans, PowerPlan, Strata, and Vertafore.