Davis Rea LTD. Takes Position in Roper Technologies, Inc. (NYSE:ROP)

Davis Rea LTD. bought a new stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,050 shares of the industrial products company's stock, valued at approximately $2,810,000. Roper Technologies makes up 1.2% of Davis Rea LTD.'s investment portfolio, making the stock its 18th largest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. New Covenant Trust Company N.A. purchased a new position in shares of Roper Technologies in the first quarter valued at about $25,000. Fairscale Capital LLC bought a new stake in shares of Roper Technologies in the second quarter worth about $28,000. Fortitude Family Office LLC bought a new stake in shares of Roper Technologies in the third quarter worth about $28,000. Versant Capital Management Inc increased its stake in Roper Technologies by 58.8% during the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company's stock worth $30,000 after acquiring an additional 20 shares during the last quarter. Finally, Valley Wealth Managers Inc. bought a new stake in Roper Technologies during the second quarter worth approximately $31,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Stock Performance

ROP stock traded down $9.50 during midday trading on Thursday, reaching $537.73. The stock had a trading volume of 542,887 shares, compared to its average volume of 494,905. The stock has a market cap of $57.66 billion, a PE ratio of 39.57, a P/E/G ratio of 2.83 and a beta of 1.02. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The firm has a fifty day simple moving average of $551.11 and a two-hundred day simple moving average of $545.65. Roper Technologies, Inc. has a 52-week low of $483.56 and a 52-week high of $579.10.

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, beating analysts' consensus estimates of $4.53 by $0.09. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company's revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $4.32 EPS. As a group, equities research analysts anticipate that Roper Technologies, Inc. will post 18.23 EPS for the current year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th were paid a dividend of $0.75 per share. The ex-dividend date was Tuesday, October 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.56%. Roper Technologies's payout ratio is currently 21.95%.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction dated 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 transaction, the director now owns 32,955 shares in the company, valued at approximately $18,125,250. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ROP shares. Mizuho boosted their price objective on Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Barclays boosted 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. Robert W. Baird increased their price objective on Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Truist Financial reissued a "buy" rating and issued a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Finally, Jefferies Financial Group increased their price objective on Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $620.80.

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.