MassMutual Private Wealth & Trust FSB Has $17.63 Million Position in Roper Technologies, Inc. (NYSE:ROP)

MassMutual Private Wealth & Trust FSB boosted its position in Roper Technologies, Inc. (NYSE:ROP) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,916 shares of the industrial products company’s stock after buying an additional 576 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Roper Technologies were worth $17,631,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of ROP. Fairscale Capital LLC acquired a new stake in shares of Roper Technologies in the second quarter valued at approximately $28,000. Fortitude Family Office LLC bought a new position in Roper Technologies in the third quarter valued at $28,000. Global Wealth Strategies & Associates acquired a new stake in Roper Technologies in the 3rd quarter valued at $37,000. Kimelman & Baird LLC bought a new stake in Roper Technologies during the 2nd quarter worth about $42,000. Finally, Central Pacific Bank Trust Division boosted its stake in shares of Roper Technologies by 34.4% during the 3rd quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock worth $48,000 after buying an additional 22 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

NYSE ROP opened at $522.32 on Monday. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $580.09. The stock has a market cap of $56.01 billion, a PE ratio of 28.12, a P/E/G ratio of 2.40 and a beta of 1.04. The firm has a 50-day moving average of $538.78 and a 200-day moving average of $545.89. 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 issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.32 earnings per share. On average, sell-side analysts anticipate that Roper Technologies, Inc. will post 18.29 EPS for the current year.

Roper Technologies Increases Dividend

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

Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the firm’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 transaction of $550,000.00. Following the transaction, the director now directly owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on ROP. Mizuho lifted their target price on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Truist Financial reiterated a “buy” rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. 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 note on Thursday, October 24th. Oppenheimer initiated coverage on shares of Roper Technologies in a research report on Monday, December 23rd. They set an “outperform” rating and a $630.00 price target on the stock. Finally, Barclays decreased their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. One 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $623.33.

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.