Dynamic Technology Lab Private Ltd Acquires Shares of 1,290 Roper Technologies, Inc. (NYSE:ROP)

Dynamic Technology Lab Private Ltd purchased a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,290 shares of the industrial products company's stock, valued at approximately $718,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fairscale Capital LLC purchased a new position in shares of Roper Technologies during the second quarter valued at approximately $28,000. Fortitude Family Office LLC purchased a new position in shares of Roper Technologies during the third quarter valued at approximately $28,000. Versant Capital Management Inc lifted its stake in shares of Roper Technologies by 58.8% during the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company's stock valued at $30,000 after buying an additional 20 shares during the period. Valley Wealth Managers Inc. purchased a new position in shares of Roper Technologies during the second quarter valued at approximately $31,000. Finally, Global Wealth Strategies & Associates purchased a new position in shares of Roper Technologies during the third quarter valued at approximately $37,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ROP shares. Robert W. Baird upped their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Jefferies Financial Group upped their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. Truist Financial reaffirmed a "buy" rating and set a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Mizuho upped their price target on shares of 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 dropped 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. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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 shares were 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 approximately $18,125,250. This trade represents a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.87% of the company's stock.

Roper Technologies Trading Up 0.4 %

Shares of Roper Technologies stock traded up $2.09 during trading hours on Friday, hitting $566.44. The company's stock had a trading volume of 365,746 shares, compared to its average volume of 492,891. Roper Technologies, Inc. has a 1-year low of $508.22 and a 1-year high of $579.10. The business has a fifty day moving average of $553.18 and a 200 day moving average of $550.45. The company has a market capitalization of $60.74 billion, a PE ratio of 41.44, a P/E/G ratio of 2.95 and a beta of 1.03. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41.

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 (EPS) for the quarter, topping the consensus estimate of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the business earned $4.32 earnings per share. The business's quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts forecast that Roper Technologies, Inc. will post 18.24 EPS for the current year.

Roper Technologies Increases Dividend

The company 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 positive change 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 presently 24.14%.

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.