Fenimore Asset Management Inc Sells 122 Shares of Roper Technologies, Inc. (NYSE:ROP)

Fenimore Asset Management Inc reduced its stake in Roper Technologies, Inc. (NYSE:ROP) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,620 shares of the industrial products company’s stock after selling 122 shares during the period. Fenimore Asset Management Inc’s holdings in Roper Technologies were worth $24,235,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Fortitude Family Office LLC bought a new position in shares of Roper Technologies in the 3rd quarter worth approximately $28,000. Global Wealth Strategies & Associates bought a new position in Roper Technologies in the third quarter worth $37,000. Kimelman & Baird LLC bought a new position in Roper Technologies in the second quarter worth $42,000. Central Pacific Bank Trust Division lifted its position in Roper Technologies by 34.4% during the third quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock valued at $48,000 after buying an additional 22 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in shares of Roper Technologies by 40.7% during the 4th quarter. Versant Capital Management Inc now owns 114 shares of the industrial products company’s stock valued at $59,000 after buying an additional 33 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Stock Down 0.4 %

Roper Technologies stock opened at $531.37 on Friday. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $580.09. The stock has a fifty day simple moving average of $535.54 and a two-hundred day simple moving average of $544.96. 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 firm has a market cap of $56.98 billion, a price-to-earnings ratio of 38.87, a PEG ratio of 2.55 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping the consensus estimate of $4.53 by $0.09. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. Roper Technologies’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the company earned $4.32 EPS. Equities analysts predict that Roper Technologies, Inc. will post 18.29 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.62%. Roper Technologies’s payout ratio is currently 24.14%.

Wall Street Analyst Weigh In

ROP has been the subject of a number of recent research reports. Robert W. Baird lifted their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Barclays decreased their target price on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Oppenheimer started coverage on Roper Technologies in a research report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price target on the stock. Mizuho raised their price objective on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Truist Financial reissued a “buy” rating and issued a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $624.38.

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.