Fenimore Asset Management Inc Lowers Position in Roper Technologies, Inc. (NYSE:ROP)

Fenimore Asset Management Inc trimmed its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,620 shares of the industrial products company’s stock after selling 122 shares during the quarter. Fenimore Asset Management Inc’s holdings in Roper Technologies were worth $24,235,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in shares of Roper Technologies by 87.8% during the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock worth $410,977,000 after purchasing an additional 345,268 shares in the last quarter. Loomis Sayles & Co. L P lifted its position 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 valued at $360,811,000 after purchasing an additional 132,913 shares during the last quarter. State Street Corp grew its stake in Roper Technologies by 2.9% in the 3rd 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 in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in shares of Roper Technologies by 37.4% in the 3rd 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 buying an additional 116,523 shares during the last quarter. Finally, Legal & General Group Plc raised its position in shares of Roper Technologies by 7.6% during the 2nd quarter. Legal & General Group Plc now owns 914,499 shares of the industrial products company’s stock valued at $515,467,000 after buying an additional 64,565 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Trading Down 0.4 %

NYSE:ROP opened at $531.37 on Friday. The firm has a market capitalization of $56.98 billion, a P/E ratio of 38.87, a P/E/G ratio of 2.55 and a beta of 1.04. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The company has a fifty day moving average of $535.54 and a 200 day moving average of $544.96. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $580.09.

Roper Technologies (NYSE:ROP) last issued 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 firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the firm posted $4.32 earnings per share. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, research analysts predict that Roper Technologies, Inc. will post 18.29 earnings per share for the current year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.62%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio (DPR) is 24.14%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ROP. Barclays reduced their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Truist Financial restated a “buy” rating and issued a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Mizuho increased their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Oppenheimer initiated coverage on shares of Roper Technologies in a report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price objective for the company. Finally, Robert W. Baird increased their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the company 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, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $624.38.

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.