Roper Technologies, Inc. (NYSE:ROP) Stock Position Raised by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 88,197 shares of the industrial products company's stock after purchasing an additional 1,196 shares during the quarter. Crestwood Advisors Group LLC owned 0.08% of Roper Technologies worth $49,076,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. New Covenant Trust Company N.A. purchased a new stake in Roper Technologies during the 1st quarter worth $25,000. Fairscale Capital LLC purchased a new stake in shares of Roper Technologies during the second quarter worth about $28,000. Fortitude Family Office LLC acquired a new position in shares of Roper Technologies in the third quarter worth about $28,000. Versant Capital Management Inc boosted its holdings in Roper Technologies by 58.8% in the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 20 shares during the last quarter. Finally, Valley Wealth Managers Inc. purchased a new position in Roper Technologies in the second quarter valued at about $31,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Performance

Roper Technologies stock traded up $0.62 during mid-day trading on Tuesday, hitting $542.70. 420,429 shares of the company's stock traded hands, compared to its average volume of 495,750. Roper Technologies, Inc. has a one year low of $502.06 and a one year high of $579.10. The company has a market cap of $58.19 billion, a PE ratio of 39.70, a price-to-earnings-growth ratio of 2.82 and a beta of 1.03. The firm has a 50 day moving average price of $550.54 and a 200 day moving average price of $546.11. 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 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. The firm had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. Roper Technologies's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company earned $4.32 EPS. On average, equities analysts forecast that Roper Technologies, Inc. will post 18.24 EPS for the current year.

Roper Technologies Announces Dividend

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

Insider Activity

In related 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 transaction, the director now directly owns 32,955 shares of the company's stock, valued at $18,125,250. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ROP. Mizuho upped their target price on Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Royal Bank of Canada cut their price target on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Jefferies Financial Group raised their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Baird R W raised shares of Roper Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 25th. Finally, 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. Three investment 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.com, Roper Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $620.80.

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.