Bar Harbor Wealth Management Has $203,000 Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Bar Harbor Wealth Management cut its position in Roper Technologies, Inc. (NYSE:ROP) by 25.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 391 shares of the industrial products company’s stock after selling 134 shares during the quarter. Bar Harbor Wealth Management’s holdings in Roper Technologies were worth $203,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital Investment Advisors LLC grew its stake in Roper Technologies by 5.9% in the fourth quarter. Capital Investment Advisors LLC now owns 3,050 shares of the industrial products company’s stock valued at $1,586,000 after acquiring an additional 169 shares during the period. Fiduciary Alliance LLC acquired a new stake in Roper Technologies in the 4th quarter valued at $1,232,000. Threadgill Financial LLC increased its stake in Roper Technologies by 9.7% during the 4th quarter. Threadgill Financial LLC now owns 5,345 shares of the industrial products company’s stock valued at $2,779,000 after purchasing an additional 474 shares in the last quarter. Czech National Bank raised its holdings in Roper Technologies by 6.5% during the fourth quarter. Czech National Bank now owns 23,249 shares of the industrial products company’s stock worth $12,086,000 after buying an additional 1,412 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC lifted its stake in shares of Roper Technologies by 13.7% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 7,186 shares of the industrial products company’s stock valued at $3,735,000 after buying an additional 868 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the transaction, the director now owns 32,955 shares in the company, valued at $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Royal Bank of Canada decreased their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Mizuho boosted their price objective on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. 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 report on Thursday, October 24th. Robert W. Baird increased their price target on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Oppenheimer started coverage on shares of Roper Technologies in a report on Monday, December 23rd. They set an “outperform” rating and a $630.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and an average price target of $623.33.

Roper Technologies Trading Up 1.1 %

NYSE ROP opened at $508.00 on Tuesday. The business’s fifty day moving average is $542.32 and its 200-day moving average is $547.05. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The stock has a market capitalization of $54.47 billion, a price-to-earnings ratio of 37.16, a PEG ratio of 2.84 and a beta of 1.04. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $580.09.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the previous year, the company earned $4.32 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis. Equities research analysts predict that Roper Technologies, Inc. will post 18.26 EPS for the current year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a $0.825 dividend. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Friday, January 3rd. Roper Technologies’s dividend payout ratio (DPR) is currently 24.14%.

Roper Technologies 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.