Nixon Peabody Trust Co. Sells 363 Shares of Roper Technologies, Inc. (NYSE:ROP)

Nixon Peabody Trust Co. reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,203 shares of the industrial products company’s stock after selling 363 shares during the quarter. Nixon Peabody Trust Co.’s holdings in Roper Technologies were worth $11,242,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ROP. New Covenant Trust Company N.A. bought a new position in Roper Technologies during the 1st quarter valued at approximately $25,000. Fairscale Capital LLC purchased a new stake in shares of Roper Technologies in the second quarter worth $28,000. Fortitude Family Office LLC bought a new stake in Roper Technologies during the 3rd quarter valued at about $28,000. Versant Capital Management Inc raised its holdings in Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 20 shares during the last quarter. Finally, Valley Wealth Managers Inc. bought a new stake in Roper Technologies in the 2nd quarter worth about $31,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

ROP stock traded down $0.05 during midday trading on Monday, reaching $548.18. The stock had a trading volume of 44,273 shares, compared to its average volume of 494,193. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The firm has a fifty day simple moving average of $552.39 and a two-hundred day simple moving average of $548.19. The stock has a market cap of $58.78 billion, a PE ratio of 40.10, a P/E/G ratio of 2.86 and a beta of 1.03. Roper Technologies, Inc. has a 52-week low of $508.22 and a 52-week high of $579.10.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the firm earned $4.32 earnings per share. Roper Technologies’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities research analysts anticipate that Roper Technologies, Inc. will post 18.24 EPS 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 $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.60%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. Roper Technologies’s dividend payout ratio is presently 21.95%.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction 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 directly owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Robert W. Baird increased their target price on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Jefferies Financial Group lifted their target price on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Oppenheimer lowered their price objective on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Finally, Mizuho increased their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $620.80.

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.