Yardley Wealth Management LLC Acquires New Stake in Roper Technologies, Inc. (NYSE:ROP)

Yardley Wealth Management LLC bought a new position in Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,443 shares of the industrial products company's stock, valued at approximately $803,000. Roper Technologies accounts for 0.5% of Yardley Wealth Management LLC's holdings, making the stock its 21st largest holding.

A number of other large investors have also modified their holdings of ROP. Principal Financial Group Inc. grew its position in Roper Technologies by 4.0% in the second quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company's stock valued at $1,512,813,000 after acquiring an additional 102,199 shares in the last quarter. Mackenzie Financial Corp increased its stake in Roper Technologies by 3.1% during the 2nd quarter. Mackenzie Financial Corp now owns 1,119,023 shares of the industrial products company's stock worth $630,749,000 after buying an additional 33,544 shares during the period. Legal & General Group Plc lifted its holdings in Roper Technologies by 7.6% in the 2nd quarter. Legal & General Group Plc now owns 914,499 shares of the industrial products company's stock worth $515,467,000 after buying an additional 64,565 shares in the last quarter. Mirova US LLC grew its stake in shares of Roper Technologies by 2.1% during the second quarter. Mirova US LLC now owns 700,651 shares of the industrial products company's stock valued at $394,929,000 after acquiring an additional 14,501 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Roper Technologies by 24.4% during the second quarter. American Century Companies Inc. now owns 605,769 shares of the industrial products company's stock worth $341,448,000 after acquiring an additional 118,971 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Truist Financial restated a "buy" rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Oppenheimer decreased their price target on shares of Roper Technologies from $650.00 to $630.00 and set an "outperform" rating for the company in a research report on Thursday, July 25th. Jefferies Financial Group upped their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the company a "buy" rating in a report on Friday, August 16th. Royal Bank of Canada reduced their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Finally, Robert W. Baird boosted their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $620.80.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the transaction, the director now owns 32,955 shares of the company's stock, valued at approximately $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.87% of the stock is owned by company insiders.

Roper Technologies Stock Performance

Shares of NYSE:ROP traded down $1.41 during trading on Tuesday, hitting $547.96. 355,634 shares of the company traded hands, compared to its average volume of 495,952. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The business's fifty day moving average is $552.31 and its 200-day moving average is $548.46. The stock has a market capitalization of $58.76 billion, a price-to-earnings ratio of 40.04, a PEG ratio of 2.86 and a beta of 1.03. Roper Technologies, Inc. has a one year low of $508.22 and a one year high of $579.10.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping the consensus estimate of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the company earned $4.32 earnings per share. The firm's revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities analysts predict that Roper Technologies, Inc. will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a $0.825 dividend. This is a boost from Roper Technologies's previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.60%. Roper Technologies's dividend payout ratio is 21.95%.

Roper Technologies Company 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.