First Financial Bank Trust Division Boosts Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

First Financial Bank Trust Division raised its holdings in Roper Technologies, Inc. (NYSE:ROP) by 28.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,722 shares of the industrial products company’s stock after purchasing an additional 2,343 shares during the quarter. First Financial Bank Trust Division’s holdings in Roper Technologies were worth $5,574,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in Roper Technologies in the second quarter valued at $58,000. Summit Financial LLC purchased a new stake in Roper Technologies during the second quarter worth about $323,000. Ritholtz Wealth Management grew its position in Roper Technologies by 13.8% during the second quarter. Ritholtz Wealth Management now owns 752 shares of the industrial products company’s stock worth $424,000 after buying an additional 91 shares during the period. Valmark Advisers Inc. purchased a new position in Roper Technologies in the second quarter valued at about $264,000. Finally, TIAA Trust National Association increased its holdings in Roper Technologies by 1.1% in the second quarter. TIAA Trust National Association now owns 2,025 shares of the industrial products company’s stock valued at $1,141,000 after buying an additional 23 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Trading Down 1.2 %

Shares of ROP traded down $6.06 on Thursday, hitting $513.79. 458,596 shares of the stock traded hands, compared to its average volume of 502,844. The firm has a market capitalization of $55.09 billion, a P/E ratio of 37.59, a P/E/G ratio of 2.84 and a beta of 1.02. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a 1 year low of $508.22 and a 1 year high of $580.09. The stock’s 50 day moving average is $547.76 and its two-hundred day moving average is $549.98.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data 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 business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the business earned $4.32 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, sell-side analysts predict that Roper Technologies, Inc. will post 18.26 earnings per share for the current year.

Roper Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.64%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. Roper Technologies’s payout ratio is presently 24.14%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Oppenheimer began coverage on Roper Technologies in a report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price target on the stock. Royal Bank of Canada dropped their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Robert W. Baird lifted their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Mizuho increased their price objective 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. Finally, Truist Financial restated a “buy” rating and set a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $615.20.

Insider Buying and Selling

In other news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the transaction, the director now directly owns 32,955 shares of the company’s stock, valued at $18,125,250. The trade was a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.87% of the stock is currently owned by company insiders.

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.