First Western Trust Bank Sells 166 Shares of Roper Technologies, Inc. (NYSE:ROP)

First Western Trust Bank trimmed its holdings in shares of Roper Technologies, Inc. (NYSE:ROPFree Report) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,941 shares of the industrial products company’s stock after selling 166 shares during the period. Roper Technologies comprises approximately 0.4% of First Western Trust Bank’s portfolio, making the stock its 23rd largest position. First Western Trust Bank’s holdings in Roper Technologies were worth $8,145,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. grew its stake in Roper Technologies by 16.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 4,403 shares of the industrial products company’s stock worth $2,132,000 after purchasing an additional 623 shares during the period. Stratos Wealth Partners LTD. bought a new stake in shares of Roper Technologies during the 3rd quarter valued at $220,000. Verdence Capital Advisors LLC purchased a new stake in Roper Technologies in the 3rd quarter worth $403,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Roper Technologies by 11.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,621 shares of the industrial products company’s stock worth $10,471,000 after acquiring an additional 2,170 shares during the period. Finally, NBT Bank N A NY purchased a new position in Roper Technologies in the 3rd quarter worth approximately $1,072,000. Institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

ROP has been the subject of a number of research reports. Barclays upped their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Raymond James lifted their target price on Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. Royal Bank of Canada reduced their price objective on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Wells Fargo & Company upped their target price on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Finally, Oppenheimer reiterated an “outperform” rating and issued a $650.00 price target on shares of Roper Technologies in a research report on Monday, April 29th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $584.82.

View Our Latest Research Report on Roper Technologies

Insider Buying and Selling

In related news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the transaction, the director now directly owns 35,547 shares in the company, valued at $19,540,541.37. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.94% of the stock is currently owned by corporate insiders.

Roper Technologies Stock Up 0.0 %

NYSE:ROP traded up $0.17 during midday trading on Friday, reaching $523.50. 346,735 shares of the stock traded hands, compared to its average volume of 624,046. Roper Technologies, Inc. has a 12-month low of $441.06 and a 12-month high of $565.00. The business has a 50-day moving average of $539.33 and a two-hundred day moving average of $534.64. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. The stock has a market capitalization of $56.04 billion, a PE ratio of 29.94, a price-to-earnings-growth ratio of 2.70 and a beta of 1.00.

Roper Technologies (NYSE:ROPGet Free Report) last announced its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the company earned $3.90 earnings per share. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, equities analysts forecast that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is currently 21.77%.

Roper Technologies Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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