Marks Group Wealth Management Inc Acquires 15,386 Shares of Roper Technologies, Inc. (NYSE:ROP)

Marks Group Wealth Management Inc lifted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 278.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,908 shares of the industrial products company's stock after buying an additional 15,386 shares during the period. Roper Technologies makes up about 1.1% of Marks Group Wealth Management Inc's investment portfolio, making the stock its 13th largest holding. Marks Group Wealth Management Inc's holdings in Roper Technologies were worth $11,634,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ROP. Crestwood Advisors Group LLC lifted its position in Roper Technologies by 1.4% in the third quarter. Crestwood Advisors Group LLC now owns 88,197 shares of the industrial products company's stock worth $49,076,000 after purchasing an additional 1,196 shares during the period. United Advisor Group LLC lifted its position in Roper Technologies by 26.2% in the third quarter. United Advisor Group LLC now owns 862 shares of the industrial products company's stock worth $480,000 after purchasing an additional 179 shares during the period. Martin Investment Management LLC lifted its position in Roper Technologies by 3.5% in the third quarter. Martin Investment Management LLC now owns 12,578 shares of the industrial products company's stock worth $6,999,000 after purchasing an additional 431 shares during the period. FSM Wealth Advisors LLC lifted its position in Roper Technologies by 2.0% in the third quarter. FSM Wealth Advisors LLC now owns 1,434 shares of the industrial products company's stock worth $798,000 after purchasing an additional 28 shares during the period. Finally, QRG Capital Management Inc. lifted its position in Roper Technologies by 7.3% in the third quarter. QRG Capital Management Inc. now owns 1,919 shares of the industrial products company's stock worth $1,068,000 after purchasing an additional 130 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ROP. Jefferies Financial Group upped their target price on 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 issued a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Mizuho upped their price target on Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Barclays upped their price target on Roper Technologies from $611.00 to $625.00 and gave the company an "overweight" rating in a report on Wednesday, July 10th. Finally, Oppenheimer dropped their price target on Roper Technologies from $650.00 to $630.00 and set an "outperform" rating on the stock in a report on Thursday, July 25th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $620.80.

Insider Activity

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 completion of the sale, the director now directly owns 32,955 shares in the company, valued at approximately $18,125,250. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Stock Up 4.0 %

NYSE:ROP traded up $21.97 during trading hours on Wednesday, hitting $564.67. 678,381 shares of the stock traded hands, compared to its average volume of 496,578. The firm has a 50 day moving average price of $550.83 and a 200 day moving average price of $546.24. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a fifty-two week low of $502.06 and a fifty-two week high of $579.10. The firm has a market cap of $60.55 billion, a price-to-earnings ratio of 41.31, a PEG ratio of 2.83 and a beta of 1.03.

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

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Tuesday, October 8th. Roper Technologies's dividend payout ratio is currently 21.95%.

Roper Technologies 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.