Roper Technologies, a diversified technology company, has recently been in the news due to the buying and selling of company shares. Wedmont Private Capital purchased new shares, and other large investors also recently bought and sold shares. Roper Technologies reported strong earnings results and an increase in their dividend payout ratio, causing several research analysts to raise their price targets on the stock. Additionally, insiders have sold shares in the company, including CEO Laurence Neil Hunn and Director Christopher Wright. Despite this, Roper Technologies has an average rating of “Moderate Buy” and an average target price of $495.67. The company’s Application Software segment includes several companies, such as Aderant, CliniSys, and Vertafore, among others. Finally, investors can receive daily news and ratings for Roper Technologies by signing up for MarketBeat.com’s free email newsletter.
Wedmont Private Capital Acquires New Holdings in Roper Technologies, Inc.
Wedmont Private Capital recently announced its purchase of a new position in shares of Roper Technologies, Inc. (NYSE:ROP) during the fourth quarter. This acquisition was disclosed by the company in its latest disclosure.
Other large investors have also been active in buying and selling Roper Technologies shares recently. Orion Portfolio Solutions LLC, for instance, increased its holdings in Roper Technologies by 10.7% during the third quarter, owning 588 shares of the industrial products company’s stock worth $211,000 after buying an additional 57 shares in the last quarter. Aviva PLC also lifted its holdings in Roper Technologies by 16.8% during the same period, owning 43,101 shares of the industrial products company’s stock worth $15,501,000 after buying an additional 6,193 shares. Fisher Asset Management LLC and Point72 Asset Management L.P. also increased their holdings in the company, with Creative Planning owning 5,113 shares of the stock worth $1,839,000 after purchasing an additional 1,014 shares during the last quarter. Institutional investors currently own 92.41% of the company’s stock.
As of Friday, Roper Technologies opened at $425.66, with a 12 month low of $356.21 and a 12 month high of $488.23. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.67 and a quick ratio of 0.63. The stock has a market capitalization of $45.22 billion, a P/E ratio of 10.00, a P/E/G ratio of 2.54, and a beta of 1.03. The stock’s 50-day moving average price is $431.95, and its 200-day moving average price is $416.31.
Investors are closely following these developments as they may signal shifts in the market and impact Roper Technologies’ position in the industry.
Roper Technologies Posts Strong Earnings, Increases Dividend
Roper Technologies (NYSE:ROP) recently posted its Q4 earnings results, reporting $3.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.77 by $0.15. The company had a return on equity of 11.43% and a net margin of 80.89%. Additionally, Roper Technologies announced a quarterly dividend, which will be paid on April 21st. Stockholders of record on April 6th will receive a dividend of $0.683 per share, a boost from the previous quarterly dividend of $0.68.
Analysts have also been following Roper Technologies closely. Royal Bank of Canada raised its price target on the stock to $505.00 and gave the stock an “outperform” rating, while Barclays raised its price target to $518.00 and gave the stock an “overweight” rating. Meanwhile, StockNews.com has assumed coverage of Roper Technologies, giving the stock a “hold” rating.
Insider activity for Roper Technologies has not been disclosed.
Conclusion
Investors and analysts are closely following Roper Technologies as the company continues to perform well financially. The increase in quarterly dividend is a positive sign for shareholders, while analysts maintain a “Moderate Buy” rating for the stock. With Roper Technologies’ strong earnings results and positive analyst ratings, the company is poised for growth in the coming months.
Roper Technologies Insider Selling and Company Profile
Two insider sales have been recently disclosed for Roper Technologies (NYSE:ROP). CEO Laurence Neil Hunn sold 5,000 shares of Roper Technologies stock on January 10th, 2023 for a total value of $2,217,850.00. Following the transaction, Hunn now owns 112,048 shares in the company valued at $49,701,131.36. Additionally, Director Christopher Wright sold 471 shares of Roper Technologies stock on March 7th, 2023 for a total value of $202,318.05. Following the transaction, Wright now owns 38,127 shares in the company valued at $16,377,452.85. Both sales were disclosed in legal filings with the SEC, which are publicly accessible. As of now, 0.88% of the company’s stock is owned by insiders.
In terms of the company’s profile, Roper Technologies is a diversified technology company that provides engineered products and solutions for global niche markets. The company operates through three 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.
Conclusion
While the recent insider sales at Roper Technologies may raise eyebrows, they only represent a small percentage of the company’s total stock. Roper Technologies continues to be a diversified technology company, providing solutions for niche markets through its various segments. Investors should keep an eye on the company’s future financial performance and potential developments in its various segments.
Don’t miss interesting posts on Famousbio
