Raub Brock Capital Management LP Has $16.03 Million Stake in Roper Technologies, Inc. (NYSE:ROP)

Raub Brock Capital Management LP raised its holdings in Roper Technologies, Inc. (NYSE:ROP) by 2.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 30,840 shares of the industrial products company’s stock after acquiring an additional 650 shares during the quarter. Roper Technologies comprises 3.4% of Raub Brock Capital Management LP’s holdings, making the stock its 19th biggest holding. Raub Brock Capital Management LP’s holdings in Roper Technologies were worth $16,032,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fairscale Capital LLC bought a new position in shares of Roper Technologies in the 2nd quarter valued at about $28,000. Fortitude Family Office LLC bought a new position in Roper Technologies in the third quarter valued at approximately $28,000. Global Wealth Strategies & Associates acquired a new position in shares of Roper Technologies during the 3rd quarter worth approximately $37,000. Kimelman & Baird LLC acquired a new stake in shares of Roper Technologies in the 2nd quarter valued at approximately $42,000. Finally, Central Pacific Bank Trust Division grew its stake in shares of Roper Technologies by 34.4% in 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 in the last quarter. 93.31% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 32,955 shares in the company, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on ROP. Barclays cut their price target 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 initiated coverage on Roper Technologies in a research report on Monday, December 23rd. They set an “outperform” rating and a $630.00 price target on the stock. Robert W. Baird raised their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada decreased their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, Mizuho raised their price target on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $623.33.

Roper Technologies Stock Up 0.6 %

ROP opened at $522.32 on Friday. The stock has a fifty day moving average of $538.78 and a 200-day moving average of $546.01. The company has a market capitalization of $56.01 billion, a P/E ratio of 28.12, a P/E/G ratio of 2.40 and a beta of 1.04. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $580.09. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data 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 net margin of 21.78% and a return on equity of 10.73%. The firm 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 firm posted $4.32 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities analysts expect that Roper Technologies, Inc. will post 18.29 EPS for the current year.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 0.63%. Roper Technologies’s payout ratio is currently 24.14%.

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.