Bar Harbor Wealth Management Sells 134 Shares of Roper Technologies, Inc. (NYSE:ROP)

Bar Harbor Wealth Management lessened its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 25.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 391 shares of the industrial products company’s stock after selling 134 shares during the period. Bar Harbor Wealth Management’s holdings in Roper Technologies were worth $203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Fairscale Capital LLC bought a new stake in Roper Technologies during the second quarter worth $28,000. Fortitude Family Office LLC acquired a new position in shares of Roper Technologies during the 3rd quarter worth $28,000. Global Wealth Strategies & Associates bought a new stake in shares of Roper Technologies during the 3rd quarter worth $37,000. Kimelman & Baird LLC acquired a new stake in Roper Technologies in the second quarter valued at about $42,000. Finally, Central Pacific Bank Trust Division grew its position in Roper Technologies by 34.4% in the third quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 22 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on ROP. Mizuho raised their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Royal Bank of Canada cut 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 report on Thursday, October 24th. Barclays lowered their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Oppenheimer started coverage on Roper Technologies in a report on Monday, December 23rd. They set an “outperform” rating and a $630.00 price objective on the stock. Finally, Robert W. Baird upped their target price on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $623.33.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the sale, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Trading Up 1.1 %

Shares of ROP stock opened at $508.00 on Tuesday. The stock has a 50-day moving average of $542.32 and a 200-day moving average of $547.05. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The stock has a market cap of $54.47 billion, a price-to-earnings ratio of 37.16, a PEG ratio of 2.84 and a beta of 1.04. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $580.09.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the business earned $4.32 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts forecast that Roper Technologies, Inc. will post 18.26 earnings per share for the current year.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be issued 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 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Friday, January 3rd. Roper Technologies’s dividend payout ratio (DPR) is presently 24.14%.

Roper Technologies Company 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.