Novare Capital Management LLC Acquires 986 Shares of Roper Technologies, Inc. (NYSE:ROP)

Novare Capital Management LLC boosted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,745 shares of the industrial products company’s stock after purchasing an additional 986 shares during the quarter. Roper Technologies comprises 1.7% of Novare Capital Management LLC’s portfolio, making the stock its 15th biggest holding. Novare Capital Management LLC’s holdings in Roper Technologies were worth $19,622,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. KFG Wealth Management LLC lifted its position in Roper Technologies by 19.8% during the fourth quarter. KFG Wealth Management LLC now owns 544 shares of the industrial products company’s stock valued at $283,000 after purchasing an additional 90 shares during the last quarter. Patton Albertson Miller Group LLC raised its position in shares of Roper Technologies by 7.2% during the 4th quarter. Patton Albertson Miller Group LLC now owns 13,635 shares of the industrial products company’s stock valued at $7,088,000 after buying an additional 913 shares in the last quarter. Running Oak Capital LLC lifted its holdings in shares of Roper Technologies by 9.0% in the 4th quarter. Running Oak Capital LLC now owns 24,860 shares of the industrial products company’s stock valued at $12,923,000 after acquiring an additional 2,057 shares during the last quarter. Toth Financial Advisory Corp increased its stake in Roper Technologies by 12.7% during the fourth quarter. Toth Financial Advisory Corp now owns 4,289 shares of the industrial products company’s stock worth $2,230,000 after acquiring an additional 484 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC raised its position in Roper Technologies by 2.4% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 10,323 shares of the industrial products company’s stock valued at $5,366,000 after purchasing an additional 244 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Trading Down 0.4 %

ROP opened at $531.37 on Friday. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $580.09. The company has a market capitalization of $56.98 billion, a P/E ratio of 29.89, a PEG ratio of 2.55 and a beta of 1.04. The stock’s fifty day moving average is $535.54 and its two-hundred day moving average is $544.96. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41.

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

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend was Friday, January 3rd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s payout ratio is 24.14%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Barclays cut their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada reduced their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Oppenheimer began coverage on shares of Roper Technologies in a report on Monday, December 23rd. They set an “outperform” rating and a $630.00 price target on the stock. Truist Financial reissued a “buy” rating and issued a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Finally, Mizuho upped their target price on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and a consensus price target of $624.38.

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.