Tilt Investment Management Holdings PBC Takes Position in Roper Technologies, Inc. (NYSE:ROP)

Tilt Investment Management Holdings PBC acquired a new stake in shares of Roper Technologies, Inc. (NYSE:ROP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 437 shares of the industrial products company’s stock, valued at approximately $238,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Schwartz Investment Counsel Inc. increased its holdings in shares of Roper Technologies by 3.2% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 112,700 shares of the industrial products company’s stock valued at $61,441,000 after acquiring an additional 3,500 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Roper Technologies by 229.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 5,255 shares of the industrial products company’s stock worth $2,865,000 after buying an additional 3,660 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Roper Technologies by 4.0% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 305,613 shares of the industrial products company’s stock worth $166,611,000 after buying an additional 11,744 shares in the last quarter. Toth Financial Advisory Corp grew its holdings in Roper Technologies by 1.8% during the third quarter. Toth Financial Advisory Corp now owns 3,066 shares of the industrial products company’s stock worth $1,485,000 after buying an additional 54 shares in the last quarter. Finally, Crestwood Advisors Group LLC grew its holdings in Roper Technologies by 5.3% during the fourth quarter. Crestwood Advisors Group LLC now owns 79,355 shares of the industrial products company’s stock worth $43,262,000 after buying an additional 3,959 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Up 0.2 %

Shares of NYSE ROP opened at $527.27 on Friday. Roper Technologies, Inc. has a one year low of $430.03 and a one year high of $565.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46. The business’s fifty day moving average price is $545.95 and its 200-day moving average price is $531.40. The stock has a market capitalization of $56.43 billion, a PE ratio of 31.51, a P/E/G ratio of 2.77 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.03. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the firm earned $3.92 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, equities research analysts anticipate that Roper Technologies, Inc. will post 18.07 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Friday, April 5th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a yield of 0.57%. Roper Technologies’s dividend payout ratio (DPR) is 23.27%.

Insiders Place Their Bets

In other news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the sale, the director now directly owns 35,547 shares in the company, valued at $19,540,541.37. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.94% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on ROP. Barclays upped their price target on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. TD Cowen downgraded Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target for the company. in a report on Thursday, January 4th. Raymond James upped their price target on Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. Royal Bank of Canada upped their price objective on Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, Mizuho upped their price objective on Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $574.58.

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.