Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Trims Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its holdings in Roper Technologies, Inc. (NYSE:ROP) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 244,364 shares of the industrial products company’s stock after selling 1,296 shares during the period. Roper Technologies makes up 1.3% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s investment portfolio, making the stock its 26th biggest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned approximately 0.23% of Roper Technologies worth $131,223,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ROP. Larson Financial Group LLC grew its position in shares of Roper Technologies by 89.2% during the 4th quarter. Larson Financial Group LLC now owns 1,845 shares of the industrial products company’s stock valued at $1,006,000 after purchasing an additional 870 shares in the last quarter. Illinois Municipal Retirement Fund grew its position in shares of Roper Technologies by 36.9% during the 4th quarter. Illinois Municipal Retirement Fund now owns 4,292 shares of the industrial products company’s stock valued at $2,340,000 after purchasing an additional 1,156 shares in the last quarter. RWA Wealth Partners LLC grew its position in shares of Roper Technologies by 853.0% during the 4th quarter. RWA Wealth Partners LLC now owns 4,498 shares of the industrial products company’s stock valued at $2,452,000 after purchasing an additional 4,026 shares in the last quarter. Duality Advisers LP purchased a new position in shares of Roper Technologies during the 4th quarter valued at $1,440,000. Finally, North Star Asset Management Inc. grew its position in shares of Roper Technologies by 0.8% during the 4th quarter. North Star Asset Management Inc. now owns 23,204 shares of the industrial products company’s stock valued at $12,650,000 after purchasing an additional 187 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the transaction, the director now owns 35,547 shares in the company, valued at $19,540,541.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.94% of the company’s stock.

Roper Technologies Trading Up 0.9 %

Roper Technologies stock traded up $4.73 during mid-day trading on Monday, hitting $539.11. The company’s stock had a trading volume of 583,874 shares, compared to its average volume of 500,255. The business has a 50 day moving average price of $545.57 and a 200-day moving average price of $532.77. Roper Technologies, Inc. has a 12 month low of $430.03 and a 12 month high of $565.00. The stock has a market cap of $57.70 billion, a price-to-earnings ratio of 41.82, a price-to-earnings-growth ratio of 2.82 and a beta of 0.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.34 by $0.03. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the company earned $3.92 earnings per share. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, analysts forecast that Roper Technologies, Inc. will post 18.07 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Friday, April 5th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Thursday, April 4th. Roper Technologies’s payout ratio is 23.27%.

Analyst Ratings Changes

A number of research firms have recently commented on ROP. Barclays boosted their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Mizuho lifted their price objective on shares of Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. TD Cowen downgraded shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective for the company. in a report on Thursday, January 4th. Royal Bank of Canada lifted their price objective on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, Wells Fargo & Company lifted their price objective on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $574.58.

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.