Manitou Investment Management Ltd. Purchases 64,052 Shares of Roper Technologies, Inc. (NYSE:ROP)

Manitou Investment Management Ltd. lifted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5,455.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 65,226 shares of the industrial products company's stock after purchasing an additional 64,052 shares during the period. Roper Technologies accounts for about 6.9% of Manitou Investment Management Ltd.'s portfolio, making the stock its 5th largest position. Manitou Investment Management Ltd. owned 0.06% of Roper Technologies worth $36,294,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ROP. Diversified Trust Co bought a new position in Roper Technologies in the 1st quarter worth approximately $206,000. State of Alaska Department of Revenue raised its position in shares of Roper Technologies by 0.4% during the first quarter. State of Alaska Department of Revenue now owns 11,587 shares of the industrial products company's stock worth $6,498,000 after acquiring an additional 50 shares during the last quarter. Norden Group LLC acquired a new position in shares of Roper Technologies during the first quarter valued at $1,662,000. J.W. Cole Advisors Inc. boosted its holdings in Roper Technologies by 16.1% in the first quarter. J.W. Cole Advisors Inc. now owns 462 shares of the industrial products company's stock valued at $260,000 after acquiring an additional 64 shares during the last quarter. Finally, Private Advisor Group LLC increased its position in Roper Technologies by 0.9% in the first quarter. Private Advisor Group LLC now owns 5,139 shares of the industrial products company's stock worth $2,882,000 after purchasing an additional 48 shares during the period. Institutional investors own 93.31% of the company's stock.

Analyst Ratings Changes

ROP has been the topic of a number of analyst reports. Mizuho increased their price target on Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Baird R W upgraded Roper Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 25th. Royal Bank of Canada decreased their target price 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. Oppenheimer cut their price target on shares of Roper Technologies from $650.00 to $630.00 and set an "outperform" rating on the stock in a research report on Thursday, July 25th. Finally, Truist Financial restated a "buy" rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Three 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 company's stock. According to data from MarketBeat.com, Roper Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $620.80.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the business'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 transaction, the director now owns 32,955 shares of the company's stock, valued at approximately $18,125,250. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Stock Performance

Shares of NYSE ROP traded up $3.18 during midday trading on Friday, hitting $540.91. 510,758 shares of the company's stock were exchanged, compared to its average volume of 496,473. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $58.00 billion, a PE ratio of 39.57, a price-to-earnings-growth ratio of 2.86 and a beta of 1.02. Roper Technologies, Inc. has a 12 month low of $486.82 and a 12 month high of $579.10. The company's 50 day moving average price is $550.81 and its 200 day moving average price is $545.68.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.53 by $0.09. The company had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business's revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.32 earnings per share. As a group, analysts predict that Roper Technologies, Inc. will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th were given a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.55%. Roper Technologies's payout ratio is 21.95%.

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.