Intrust Bank NA Increases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Intrust Bank NA grew its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,067 shares of the industrial products company’s stock after purchasing an additional 73 shares during the period. Intrust Bank NA’s holdings in Roper Technologies were worth $555,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. VSM Wealth Advisory LLC purchased a new stake in Roper Technologies during the 4th quarter worth approximately $26,000. CoreFirst Bank & Trust acquired a new position in shares of Roper Technologies in the fourth quarter worth $36,000. OFI Invest Asset Management purchased a new stake in shares of Roper Technologies during the fourth quarter worth $38,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 75 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in Roper Technologies in the fourth quarter valued at $45,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In related news, VP John K. Stipancich sold 1,000 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the transaction, the vice president now owns 38,932 shares in the company, valued at $22,504,253.28. The trade was a 2.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard F. Wallman sold 351 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the sale, the director now directly owns 20,187 shares of the company’s stock, valued at $11,612,571.75. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,101 shares of company stock worth $4,712,045. Insiders own 0.87% of the company’s stock.

Roper Technologies Stock Down 1.7 %

Roper Technologies stock opened at $582.64 on Friday. The company has a market capitalization of $62.57 billion, a P/E ratio of 40.63, a PEG ratio of 2.77 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The stock has a 50-day simple moving average of $570.85 and a 200-day simple moving average of $553.71.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Friday, April 4th. Roper Technologies’s payout ratio is currently 23.01%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Raymond James reaffirmed a “strong-buy” rating and issued a $655.00 price target (up previously from $620.00) on shares of Roper Technologies in a research report on Friday, January 31st. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and lifted their price target for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. JPMorgan Chase & Co. increased their price objective on shares of Roper Technologies from $539.00 to $558.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Truist Financial reaffirmed a “buy” rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, Robert W. Baird set a $665.00 target price on Roper Technologies in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $629.18.

About Roper Technologies

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.