Cambridge Investment Research Advisors Inc. Has $1.62 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Posted by Defense World Staff on May 18th, 2023

Cambridge Investment Research Advisors Inc. reduced its holdings in Roper Technologies, Inc. (NYSE:ROP – Get Rating) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,749 shares of the industrial products company’s stock after selling 122 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Roper Technologies were worth $1,620,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Phocas Financial Corp. bought a new stake in shares of Roper Technologies in the 4th quarter valued at $28,000. U.S. Capital Wealth Advisors LLC acquired a new position in Roper Technologies in the 4th quarter worth $34,000. Pinnacle Bancorp Inc. boosted its stake in Roper Technologies by 41.3% in the 4th quarter. Pinnacle Bancorp Inc. now owns 89 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 26 shares during the period. Guardian Wealth Advisors LLC acquired a new position in Roper Technologies in the 3rd quarter worth $42,000. Finally, Concord Wealth Partners acquired a new position in Roper Technologies in the 4th quarter worth $43,000. 92.41% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $454.43 on Thursday. Roper Technologies, Inc. has a twelve month low of $356.21 and a twelve month high of $463.90. The company has a quick ratio of 0.76, a current ratio of 0.80 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $48.44 billion, a PE ratio of 17.29, a P/E/G ratio of 2.71 and a beta of 1.04. The firm has a fifty day simple moving average of $441.47 and a 200 day simple moving average of $434.91.

Roper Technologies (NYSE:ROP – Get Rating) last posted its quarterly earnings results on Thursday, April 27th. The industrial products company reported $3.90 earnings per share for the quarter, beating the consensus estimate of $3.85 by $0.05. Roper Technologies had a net margin of 50.48% and a return on equity of 11.00%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the firm posted $3.77 earnings per share. The business’s revenue was up 14.8% compared to the same quarter last year. On average, sell-side analysts forecast that Roper Technologies, Inc. will post 16.25 EPS for the current year.

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 21st. Shareholders of record on Thursday, April 6th were paid a $0.683 dividend. This is an increase from Roper Technologies’s previous quarterly dividend of $0.68. This represents a $2.73 annualized dividend and a yield of 0.60%. The ex-dividend date was Wednesday, April 5th. Roper Technologies’s payout ratio is 10.38%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ROP shares. StockNews.com started coverage on shares of Roper Technologies in a research note on Thursday. They issued a “hold” rating for the company. Robert W. Baird reissued a “neutral” rating and issued a $476.00 price target on shares of Roper Technologies in a report on Monday, March 20th. Royal Bank of Canada reissued an “outperform” rating and issued a $528.00 price target on shares of Roper Technologies in a report on Wednesday, March 22nd. Wolfe Research raised shares of Roper Technologies from a “peer perform” rating to an “outperform” rating and set a $480.00 target price on the stock in a report on Thursday, February 23rd. Finally, Sanford C. Bernstein raised shares of Roper Technologies from an “underperform” rating to a “market perform” rating and raised their target price for the stock from $490.00 to $525.00 in a report on Tuesday, May 2nd. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $498.08.

Insider Activity

In other news, Director Robert D. Johnson sold 250 shares of Roper Technologies stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $436.00, for a total transaction of $109,000.00. Following the completion of the transaction, the director now directly owns 6,153 shares in the company, valued at $2,682,708. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Christopher Wright sold 471 shares of the business’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $429.55, for a total transaction of $202,318.05. Following the transaction, the director now directly owns 38,127 shares in the company, valued at $16,377,452.85. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert D. Johnson sold 250 shares of the business’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $436.00, for a total transaction of $109,000.00. Following the transaction, the director now owns 6,153 shares in the company, valued at $2,682,708. The disclosure for this sale can be found here. Corporate insiders own 0.88% of the company’s stock.

About Roper Technologies

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Roper Technologies, Inc is a diversified technology company, which engages in the provision of engineered products and solutions for global niche markets. It operates through the following segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment includes Aderant, CBORD/Horizon, CliniSys, Data Innovations, Deltek, Frontline Education, IntelliTrans, PowerPlan, Strata, and Vertafore.