Coalescence Partners Investment Management LP Invests $12.95 Million in Roper Technologies, Inc. (NYSE:ROP)

Coalescence Partners Investment Management LP purchased a new stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 23,273 shares of the industrial products company's stock, valued at approximately $12,950,000. Roper Technologies accounts for about 5.8% of Coalescence Partners Investment Management LP's holdings, making the stock its 8th largest position.

Several other large investors have also recently bought and sold shares of the business. Venturi Wealth Management LLC increased its position in Roper Technologies by 7.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,249 shares of the industrial products company's stock worth $1,251,000 after purchasing an additional 163 shares during the last quarter. Axxcess Wealth Management LLC increased its holdings in shares of Roper Technologies by 4.7% during the 3rd quarter. Axxcess Wealth Management LLC now owns 12,685 shares of the industrial products company's stock valued at $7,058,000 after acquiring an additional 567 shares during the last quarter. XML Financial LLC increased its holdings in shares of Roper Technologies by 4.9% during the 3rd quarter. XML Financial LLC now owns 961 shares of the industrial products company's stock valued at $535,000 after acquiring an additional 45 shares during the last quarter. Carr Financial Group Corp increased its holdings in shares of Roper Technologies by 15.2% during the 3rd quarter. Carr Financial Group Corp now owns 576 shares of the industrial products company's stock valued at $320,000 after acquiring an additional 76 shares during the last quarter. Finally, First Personal Financial Services increased its holdings in shares of Roper Technologies by 10.8% during the 3rd quarter. First Personal Financial Services now owns 410 shares of the industrial products company's stock valued at $228,000 after acquiring an additional 40 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ROP shares. Robert W. Baird increased their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Truist Financial restated 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. Oppenheimer reduced their price objective on Roper Technologies from $650.00 to $630.00 and set an "outperform" rating for the company in a research report on Thursday, July 25th. Mizuho raised their price objective on Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada reduced their price objective on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Three investment 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $620.80.

Insider Activity at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the firm's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the sale, the director now directly owns 32,955 shares of the company's stock, valued at $18,125,250. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.87% of the company's stock.

Roper Technologies Price Performance

Shares of Roper Technologies stock traded down $2.48 during midday trading on Monday, hitting $565.14. 383,111 shares of the company were exchanged, compared to its average volume of 496,004. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The firm has a market cap of $60.60 billion, a P/E ratio of 41.52, a PEG ratio of 2.96 and a beta of 1.03. Roper Technologies, Inc. has a 52 week low of $508.22 and a 52 week high of $579.10. The firm has a 50 day simple moving average of $551.46 and a 200-day simple moving average of $546.73.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.72 billion. During the same period last year, the firm posted $4.32 EPS. The business's revenue was up 11.7% on a year-over-year basis. Research analysts forecast that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. This is a boost from Roper Technologies's previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. Roper Technologies's dividend payout ratio (DPR) is currently 21.95%.

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.