Ledyard National Bank Lowers Position in Roper Technologies, Inc. (NYSE:ROP)

Ledyard National Bank decreased its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 15.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 875 shares of the industrial products company’s stock after selling 165 shares during the quarter. Ledyard National Bank’s holdings in Roper Technologies were worth $477,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Van ECK Associates Corp increased its holdings in shares of Roper Technologies by 6.9% in the 4th quarter. Van ECK Associates Corp now owns 333,128 shares of the industrial products company’s stock worth $181,612,000 after purchasing an additional 21,539 shares in the last quarter. Intrust Bank NA increased its holdings in shares of Roper Technologies by 5.2% in the 4th quarter. Intrust Bank NA now owns 1,118 shares of the industrial products company’s stock worth $609,000 after purchasing an additional 55 shares in the last quarter. Choreo LLC increased its holdings in shares of Roper Technologies by 219.6% in the 4th quarter. Choreo LLC now owns 1,678 shares of the industrial products company’s stock worth $915,000 after purchasing an additional 1,153 shares in the last quarter. Gilbert & Cook Inc. increased its holdings in shares of Roper Technologies by 5.6% in the 4th quarter. Gilbert & Cook Inc. now owns 1,830 shares of the industrial products company’s stock worth $998,000 after purchasing an additional 97 shares in the last quarter. Finally, Marco Investment Management LLC increased its holdings in shares of Roper Technologies by 2.7% in the 4th quarter. Marco Investment Management LLC now owns 8,453 shares of the industrial products company’s stock worth $4,608,000 after purchasing an additional 220 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

NYSE:ROP traded down $2.60 during mid-day trading on Tuesday, hitting $510.98. 203,599 shares of the company traded hands, compared to its average volume of 503,920. The stock’s fifty day moving average price is $544.42 and its 200-day moving average price is $533.92. Roper Technologies, Inc. has a one year low of $441.06 and a one year high of $565.00. The firm has a market cap of $54.69 billion, a price-to-earnings ratio of 37.27, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, beating the consensus estimate of $4.34 by $0.07. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the business earned $3.90 earnings per share. The business’s revenue was up 14.4% on a year-over-year basis. Research analysts anticipate that Roper Technologies, Inc. will post 18.08 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were given a $0.75 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.59%. Roper Technologies’s dividend payout ratio is currently 21.77%.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on ROP. Barclays lifted their target price on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Mizuho lifted their price objective on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a report on Monday. Raymond James lifted their price objective on Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. Oppenheimer reaffirmed an “outperform” rating and issued a $650.00 price objective on shares of Roper Technologies in a report on Monday. Finally, Royal Bank of Canada cut their price objective on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a report on Monday. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $579.83.

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.