Montecito Bank & Trust Has $399,000 Holdings in Roper Technologies, Inc. (NYSE:ROP)

Montecito Bank & Trust trimmed its stake in Roper Technologies, Inc. (NYSE:ROP) by 4.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 768 shares of the industrial products company’s stock after selling 39 shares during the quarter. Montecito Bank & Trust’s holdings in Roper Technologies were worth $399,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Fortitude Family Office LLC purchased a new stake in Roper Technologies in the 3rd quarter worth approximately $28,000. Global Wealth Strategies & Associates acquired a new stake in Roper Technologies during the third quarter valued at $37,000. Kimelman & Baird LLC purchased a new position in Roper Technologies in the second quarter valued at about $42,000. Central Pacific Bank Trust Division increased its position in Roper Technologies by 34.4% in the 3rd quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock worth $48,000 after purchasing an additional 22 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake 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 worth $59,000 after purchasing an additional 33 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Down 0.4 %

ROP stock opened at $531.37 on Friday. The stock has a market capitalization of $56.98 billion, a price-to-earnings ratio of 29.89, a price-to-earnings-growth ratio of 2.55 and a beta of 1.04. The company has a 50-day moving average of $535.88 and a two-hundred day moving average of $545.13. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $580.09. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (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 last year, the firm posted $4.32 EPS. The company’s revenue was up 11.7% on a year-over-year basis. As a group, equities research analysts anticipate that Roper Technologies, Inc. will post 18.29 EPS for the current year.

Roper Technologies Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Royal Bank of Canada lowered their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. 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 report on Thursday, October 24th. Barclays cut their price target on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Mizuho increased their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Oppenheimer assumed coverage on Roper Technologies in a research report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $624.38.

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.