Aptus Capital Advisors LLC Buys 2,216 Shares of Roper Technologies, Inc. (NYSE:ROP)

Aptus Capital Advisors LLC boosted its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 12.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,006 shares of the industrial products company's stock after buying an additional 2,216 shares during the quarter. Aptus Capital Advisors LLC's holdings in Roper Technologies were worth $11,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Roper Technologies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company's stock valued at $5,648,796,000 after purchasing an additional 125,387 shares during the period. Principal Financial Group Inc. increased its stake in Roper Technologies by 4.0% in the 2nd quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company's stock worth $1,512,813,000 after acquiring an additional 102,199 shares during the last quarter. Mackenzie Financial Corp increased its stake in Roper Technologies by 3.1% in the 2nd quarter. Mackenzie Financial Corp now owns 1,119,023 shares of the industrial products company's stock worth $630,749,000 after acquiring an additional 33,544 shares during the last quarter. Legal & General Group Plc increased its stake 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 acquiring an additional 64,565 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Roper Technologies by 4.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 805,757 shares of the industrial products company's stock worth $451,901,000 after acquiring an additional 33,780 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction that occurred 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 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.87% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ROP shares. Baird R W upgraded Roper Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 25th. Mizuho upped their target price on Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Oppenheimer decreased their target price on Roper Technologies from $650.00 to $630.00 and set an "outperform" rating on the stock in a research note on Thursday, July 25th. Royal Bank of Canada cut their price objective on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Finally, Truist Financial reiterated a "buy" rating and issued a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $620.80.

Roper Technologies Trading Down 0.1 %

ROP stock traded down $0.37 during trading on Tuesday, hitting $564.77. 534,141 shares of the company traded hands, compared to its average volume of 496,204. The firm has a market capitalization of $60.56 billion, a PE ratio of 41.34, a P/E/G ratio of 2.96 and a beta of 1.03. Roper Technologies, Inc. has a 1 year low of $508.22 and a 1 year high of $579.10. The company has a 50-day moving average of $551.68 and a 200-day moving average of $546.91. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.72 billion. During the same quarter last year, the business posted $4.32 EPS. The business's revenue was up 11.7% on a year-over-year basis. Analysts predict that Roper Technologies, Inc. will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be issued a $0.825 dividend. The ex-dividend date is Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.58%. This is a boost from Roper Technologies's previous quarterly dividend of $0.75. Roper Technologies's dividend payout ratio (DPR) is 24.14%.

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.