Prospera Private Wealth LLC Purchases Shares of 7,818 Roper Technologies, Inc. (NYSE:ROP)

Prospera Private Wealth LLC acquired a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 7,818 shares of the industrial products company's stock, valued at approximately $4,350,000.

Several other large investors have also modified their holdings of the stock. ORG Partners LLC lifted its position in Roper Technologies by 764.2% in the second quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company's stock valued at $652,000 after acquiring an additional 1,024 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in Roper Technologies by 1.0% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 240,633 shares of the industrial products company's stock worth $136,455,000 after buying an additional 2,399 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in Roper Technologies by 12.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 9,035 shares of the industrial products company's stock worth $5,067,000 after buying an additional 988 shares during the period. PGGM Investments boosted its holdings in shares of Roper Technologies by 739.4% in the second quarter. PGGM Investments now owns 72,596 shares of the industrial products company's stock valued at $40,919,000 after acquiring an additional 63,947 shares during the period. Finally, Cetera Investment Advisers grew its position in shares of Roper Technologies by 201.6% during the first quarter. Cetera Investment Advisers now owns 20,340 shares of the industrial products company's stock worth $11,408,000 after acquiring an additional 13,597 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Wall Street Analysts Forecast Growth

ROP has been the subject of several research reports. Royal Bank of Canada reduced their price target on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Truist Financial reiterated a "buy" rating and set a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Baird R W raised Roper Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 25th. Mizuho lifted their target price on Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Finally, Jefferies Financial Group increased their price target on Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $620.80.

Roper Technologies Price Performance

ROP stock traded up $2.48 during midday trading on Wednesday, hitting $550.44. 95,211 shares of the stock were exchanged, compared to its average volume of 494,174. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The stock has a market cap of $59.02 billion, a price-to-earnings ratio of 40.08, a PEG ratio of 2.86 and a beta of 1.03. Roper Technologies, Inc. has a fifty-two week low of $508.22 and a fifty-two week high of $579.10. The stock's 50-day moving average price is $552.22 and its 200-day moving average price is $548.68.

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

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a dividend of $0.825 per share. This is an increase from Roper Technologies's previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Friday, January 3rd. Roper Technologies's payout ratio is currently 21.95%.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies 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 sale, the director now owns 32,955 shares of the company's stock, valued at $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.87% of the stock is owned by corporate insiders.

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.