OneAscent Financial Services LLC Makes New Investment in Roper Technologies, Inc. (NYSE:ROP)

OneAscent Financial Services LLC bought a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,120 shares of the industrial products company's stock, valued at approximately $623,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new position in Roper Technologies during the 1st quarter worth $25,000. Fairscale Capital LLC purchased a new stake in Roper Technologies during the 2nd quarter worth about $28,000. Fortitude Family Office LLC purchased a new stake in Roper Technologies during the 3rd quarter worth about $28,000. Versant Capital Management Inc lifted its holdings in Roper Technologies by 58.8% during the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company's stock worth $30,000 after buying an additional 20 shares during the last quarter. Finally, Valley Wealth Managers Inc. purchased a new stake in Roper Technologies during the 2nd quarter worth about $31,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the 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 transaction, the director now owns 32,955 shares of the company's stock, valued at $18,125,250. This represents a 2.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.87% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on ROP shares. Oppenheimer decreased their price target on Roper Technologies from $650.00 to $630.00 and set an "outperform" rating for the company in a report on Thursday, July 25th. Robert W. Baird lifted their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Mizuho boosted their target price on Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Royal Bank of Canada reduced their target price on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Finally, Baird R W raised Roper Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $620.80.

Roper Technologies Price Performance

Shares of ROP traded down $1.41 on Tuesday, reaching $547.96. The stock had a trading volume of 355,634 shares, compared to its average volume of 495,952. The firm has a market capitalization of $58.76 billion, a PE ratio of 40.08, a PEG ratio of 2.86 and a beta of 1.03. 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 50-day moving average of $552.22 and a 200 day moving average of $548.68. Roper Technologies, Inc. has a twelve month low of $508.22 and a twelve month high of $579.10.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping analysts' consensus estimates of $4.53 by $0.09. The business had revenue of $1.75 billion for 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 company's revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.32 EPS. Sell-side analysts expect that Roper Technologies, Inc. will post 18.24 EPS for the current year.

Roper Technologies Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. This is a positive change from Roper Technologies's previous quarterly dividend of $0.75. Roper Technologies's dividend payout ratio is presently 21.95%.

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.