Trust Co. of Vermont Increases Stake in Roper Technologies, Inc. (NYSE:ROP)

Trust Co. of Vermont grew its position in Roper Technologies, Inc. (NYSE:ROP) by 167.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,086 shares of the industrial products company’s stock after acquiring an additional 680 shares during the period. Trust Co. of Vermont’s holdings in Roper Technologies were worth $565,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ROP. Ledyard National Bank increased its position in Roper Technologies by 2.1% during the 3rd quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock worth $499,000 after purchasing an additional 18 shares during the period. Meridian Financial Partners LLC raised its position in Roper Technologies by 1.0% in the fourth quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock worth $1,067,000 after acquiring an additional 20 shares in the last quarter. Cromwell Holdings LLC lifted its holdings in Roper Technologies by 6.8% in the third quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock valued at $185,000 after acquiring an additional 21 shares during the period. Hibernia Wealth Partners LLC boosted its position in shares of Roper Technologies by 4.2% during the 3rd quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company’s stock worth $291,000 after purchasing an additional 21 shares in the last quarter. Finally, Ballast Advisors LLC grew its stake in shares of Roper Technologies by 1.3% during the 3rd quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock worth $921,000 after purchasing an additional 21 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 value of $550,000.00. Following the completion of the sale, the director now owns 32,955 shares in the company, valued at $18,125,250. The trade was a 2.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Truist Financial reissued a “buy” rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Oppenheimer began coverage on Roper Technologies in a research note on Monday, December 23rd. They set an “outperform” rating and a $630.00 price target on the stock. Robert W. Baird raised their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Barclays lowered their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Finally, Royal Bank of Canada cut their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $623.33.

Roper Technologies Trading Up 0.6 %

Roper Technologies stock opened at $522.32 on Friday. The stock has a 50-day moving average price of $538.78 and a 200 day moving average price of $546.01. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $580.09. The stock has a market cap of $56.01 billion, a PE ratio of 28.12, a P/E/G ratio of 2.40 and a beta of 1.04. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.32 earnings per share. Equities research analysts predict that Roper Technologies, Inc. will post 18.29 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.825 per share. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.63%. Roper Technologies’s dividend payout ratio (DPR) is 24.14%.

About Roper Technologies

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.