Sugarloaf Wealth Management LLC Boosts Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Sugarloaf Wealth Management LLC grew its position in Roper Technologies, Inc. (NYSE:ROP) by 13.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,186 shares of the industrial products company’s stock after purchasing an additional 868 shares during the period. Roper Technologies comprises about 0.6% of Sugarloaf Wealth Management LLC’s portfolio, making the stock its 28th largest position. Sugarloaf Wealth Management LLC’s holdings in Roper Technologies were worth $3,735,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fairscale Capital LLC bought a new position in shares of Roper Technologies during the 2nd quarter worth approximately $28,000. Fortitude Family Office LLC bought a new stake in Roper Technologies during the third quarter worth $28,000. Valley Wealth Managers Inc. purchased a new position in Roper Technologies in the second quarter worth $31,000. Global Wealth Strategies & Associates bought a new position in Roper Technologies in the 3rd quarter valued at $37,000. Finally, Kimelman & Baird LLC bought a new position in Roper Technologies in the 2nd quarter valued at $42,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Price Performance

ROP stock traded down $5.97 during mid-day trading on Friday, reaching $504.33. 296,868 shares of the company traded hands, compared to its average volume of 661,314. Roper Technologies, Inc. has a 52-week low of $502.17 and a 52-week high of $580.09. The company has a market capitalization of $54.08 billion, a P/E ratio of 36.89, a P/E/G ratio of 2.84 and a beta of 1.04. 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 company has a fifty day moving average price of $543.77 and a 200-day moving average price of $548.03.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating the consensus estimate of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the company earned $4.32 earnings per share. Roper Technologies’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, analysts anticipate that Roper Technologies, Inc. will post 18.26 earnings per share for the current year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a dividend of $0.825 per share. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.65%. Roper Technologies’s dividend payout ratio (DPR) is currently 24.14%.

Insider Buying and Selling

In other news, Director Richard F. Wallman sold 1,000 shares of the firm’s stock in a transaction 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 sale, the director now owns 32,955 shares in the company, valued at approximately $18,125,250. This trade represents a 2.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.87% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on ROP shares. Oppenheimer began 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 for the company. Barclays decreased 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. Royal Bank of Canada dropped their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Mizuho raised their target price on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Robert W. Baird upped 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.