Hilltop National Bank Has $31,000 Holdings in Roper Technologies, Inc. (NYSE:ROP)

Hilltop National Bank decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 25.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60 shares of the industrial products company’s stock after selling 20 shares during the period. Hilltop National Bank’s holdings in Roper Technologies were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP boosted its position in Roper Technologies by 87.8% in the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock valued at $410,977,000 after buying an additional 345,268 shares in the last quarter. Loomis Sayles & Co. L P raised its stake in Roper Technologies by 25.8% during the third quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company’s stock worth $360,811,000 after buying an additional 132,913 shares during the last quarter. State Street Corp raised its stake in Roper Technologies by 2.9% during the third quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock worth $2,632,199,000 after buying an additional 132,575 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in Roper Technologies by 37.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 427,943 shares of the industrial products company’s stock worth $238,125,000 after purchasing an additional 116,523 shares during the period. Finally, Bank of Montreal Can grew its holdings in Roper Technologies by 31.0% in the second quarter. Bank of Montreal Can now owns 338,887 shares of the industrial products company’s stock worth $192,176,000 after purchasing an additional 80,255 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the sale, the director now owns 32,955 shares in the company, valued at approximately $18,125,250. This trade represents a 2.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.87% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ROP shares. Barclays reduced their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday. Royal Bank of Canada lowered their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Truist Financial reissued a “buy” rating and issued a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research report 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 target price on the stock. Finally, 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. One analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $623.33.

Roper Technologies Stock Down 1.5 %

Shares of Roper Technologies stock opened at $502.71 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The company has a 50-day moving average of $543.00 and a 200 day moving average of $547.61. The firm has a market cap of $53.91 billion, a price-to-earnings ratio of 36.77, a PEG ratio of 2.84 and a beta of 1.04. Roper Technologies, Inc. has a 1 year low of $502.10 and a 1 year high of $580.09.

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

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Friday, January 3rd. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio (DPR) is presently 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.