Executive Wealth Management LLC Takes Position in Roper Technologies, Inc. (NYSE:ROP)

Executive Wealth Management LLC bought a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,205 shares of the industrial products company's stock, valued at approximately $7,348,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROP. Fairscale Capital LLC acquired a new stake in shares of Roper Technologies during the second quarter worth $28,000. Fortitude Family Office LLC purchased a new stake in Roper Technologies in the 3rd quarter valued at about $28,000. Valley Wealth Managers Inc. acquired a new position in shares of Roper Technologies during the 2nd quarter valued at about $31,000. Global Wealth Strategies & Associates purchased a new position in shares of Roper Technologies during the 3rd quarter worth about $37,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Roper Technologies in the second quarter worth approximately $42,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ROP shares. Mizuho lifted their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Truist Financial reiterated a "buy" rating and issued a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Robert W. Baird upped their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Royal Bank of Canada reduced their price objective on 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, Barclays reissued an "underweight" rating and set a $569.00 target price (down previously from $625.00) on shares of Roper Technologies in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Roper Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $615.20.

Roper Technologies Stock Up 0.2 %

NYSE ROP traded up $1.05 on Tuesday, reaching $549.47. The company had a trading volume of 587,920 shares, compared to its average volume of 496,109. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. Roper Technologies, Inc. has a 1 year low of $508.22 and a 1 year high of $580.09. The firm has a 50-day moving average of $554.14 and a 200-day moving average of $551.56. The firm has a market capitalization of $58.92 billion, a PE ratio of 40.20, a P/E/G ratio of 2.88 and a beta of 1.02.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating 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 business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the firm earned $4.32 earnings per share. The business's quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts anticipate that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal 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 paid a $0.825 dividend. This is a boost from Roper Technologies's previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.60%. Roper Technologies's payout ratio is 21.95%.

Insider Activity at Roper Technologies

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

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.