First Financial Bank Trust Division Raises Stock Position in Roper Technologies, Inc. (NYSE:ROP)

First Financial Bank Trust Division grew its position in Roper Technologies, Inc. (NYSE:ROP) by 28.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,722 shares of the industrial products company’s stock after buying an additional 2,343 shares during the period. First Financial Bank Trust Division’s holdings in Roper Technologies were worth $5,574,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ROP. Fairscale Capital LLC acquired a new stake in Roper Technologies during the second quarter worth $28,000. Fortitude Family Office LLC purchased a new position in shares of Roper Technologies during the 3rd quarter worth $28,000. Valley Wealth Managers Inc. acquired a new stake in shares of Roper Technologies during the 2nd quarter worth about $31,000. Global Wealth Strategies & Associates purchased a new stake in Roper Technologies in the 3rd quarter valued at about $37,000. Finally, Kimelman & Baird LLC acquired a new position in Roper Technologies in the second quarter valued at about $42,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

Shares of ROP traded down $6.06 during midday trading on Thursday, reaching $513.79. 458,596 shares of the stock were exchanged, compared to its average volume of 502,844. The company has a market capitalization of $55.09 billion, a price-to-earnings ratio of 37.59, a PEG ratio of 2.84 and a beta of 1.02. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. Roper Technologies, Inc. has a twelve month low of $508.22 and a twelve month high of $580.09. The business’s 50-day moving average price is $547.76 and its 200 day moving average price is $549.98.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.32 earnings per share. On average, sell-side analysts expect that Roper Technologies, Inc. will post 18.26 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.825 per share. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Friday, January 3rd. Roper Technologies’s dividend payout ratio (DPR) is presently 24.14%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Robert W. Baird upped their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Royal Bank of Canada cut their price target 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. Mizuho boosted their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Barclays reiterated an “underweight” rating and issued a $569.00 price objective (down from $625.00) on shares of Roper Technologies in a research note on Thursday, December 5th. Finally, Oppenheimer initiated coverage on Roper Technologies in a report on Monday, December 23rd. They set an “outperform” rating and a $630.00 price target on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $615.20.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the transaction, the director now directly owns 32,955 shares in the company, valued at approximately $18,125,250. This trade represents a 2.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.87% of the stock is currently owned by company insiders.

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.