HNP Capital LLC Has $979,000 Position in Roper Technologies, Inc. (NYSE:ROP)

Financial News Live · Dec 23, 2022 11:21

HNP Capital LLC trimmed its position in shares of Roper Technologies, Inc. (NYSE:ROP – Get Rating) by 1.6% during the third quarter, HoldingsChannel.com reports. The firm owned 2,724 shares of the industrial products company's stock after selling 45 shares during the period. HNP Capital LLC's holdings in Roper Technologies were worth $979,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. My Legacy Advisors LLC increased its position in Roper Technologies by 6.7% in the 3rd quarter. My Legacy Advisors LLC now owns 1,861 shares of the industrial products company's stock valued at $676,000 after acquiring an additional 117 shares during the period. Highland Private Wealth Management raised its position in Roper Technologies by 10.2% during the 3rd quarter. Highland Private Wealth Management now owns 572 shares of the industrial products company's stock worth $206,000 after purchasing an additional 53 shares during the last quarter. Strong Tower Advisory Services lifted its holdings in Roper Technologies by 2.3% during the 3rd quarter. Strong Tower Advisory Services now owns 2,486 shares of the industrial products company's stock worth $894,000 after buying an additional 56 shares during the period. JB Capital LLC grew its position in shares of Roper Technologies by 15.5% in the 3rd quarter. JB Capital LLC now owns 6,788 shares of the industrial products company's stock valued at $2,441,000 after buying an additional 910 shares during the last quarter. Finally, Buttonwood Financial Advisors Inc. increased its stake in shares of Roper Technologies by 2.4% in the third quarter. Buttonwood Financial Advisors Inc. now owns 2,367 shares of the industrial products company's stock valued at $877,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds own 92.41% of the company's stock.

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Wall Street Analyst Weigh In

ROP has been the topic of several analyst reports. Wells Fargo & Company upped their target price on Roper Technologies from $500.00 to $540.00 and gave the company an "overweight" rating in a report on Thursday, October 27th. Barclays increased their price objective on shares of Roper Technologies from $500.00 to $510.00 and gave the stock an "overweight" rating in a research report on Thursday, October 27th. StockNews.com began coverage on shares of Roper Technologies in a report on Wednesday, October 12th. They issued a "hold" rating on the stock. Finally, The Goldman Sachs Group lifted their price objective on Roper Technologies from $423.00 to $468.00 and gave the stock a "neutral" rating in a research report on Thursday, December 15th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $495.43.

Roper Technologies Stock Down 0.1 %

ROP traded down $0.57 during midday trading on Friday, hitting $427.94. The company had a trading volume of 1,918 shares, compared to its average volume of 341,962. The company has a market capitalization of $45.38 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 2.90 and a beta of 1.08. The stock's 50 day moving average price is $417.67 and its 200 day moving average price is $406.70. The company has a quick ratio of 1.37, a current ratio of 1.41 and a debt-to-equity ratio of 0.43. Roper Technologies, Inc. has a 52 week low of $356.21 and a 52 week high of $494.32.

Roper Technologies (NYSE:ROP – Get Rating) last issued its earnings results on Wednesday, October 26th. The industrial products company reported $3.67 EPS for the quarter, beating analysts' consensus estimates of $3.44 by $0.23. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. Roper Technologies had a return on equity of 12.25% and a net margin of 50.95%. The firm's revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.91 EPS. On average, research analysts anticipate that Roper Technologies, Inc. will post 14.13 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 23rd. Shareholders of record on Monday, January 9th will be paid a dividend of $0.6825 per share. This represents a $2.73 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Friday, January 6th. This is a positive change from Roper Technologies's previous quarterly dividend of $0.62. Roper Technologies's payout ratio is 9.11%.

Insiders Place Their Bets

In other news, Director Christopher Wright sold 416 shares of Roper Technologies stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $438.24, for a total transaction of $182,307.84. Following the completion of the transaction, the director now directly owns 38,708 shares in the company, valued at $16,963,393.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Richard F. Wallman purchased 1,000 shares of the firm's stock in a transaction that occurred on Friday, November 4th. The stock was acquired at an average price of $390.00 per share, for a total transaction of $390,000.00. Following the completion of the acquisition, the director now owns 46,409 shares of the company's stock, valued at approximately $18,099,510. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Christopher Wright sold 416 shares of the stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $438.24, for a total value of $182,307.84. Following the completion of the sale, the director now directly owns 38,708 shares of the company's stock, valued at $16,963,393.92. 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 designs and develops software, and engineered products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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.