OneAscent Wealth Management LLC Invests $600,000 in Roper Technologies, Inc. (NYSE:ROP)

OneAscent Wealth Management LLC purchased a new position in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,078 shares of the industrial products company's stock, valued at approximately $600,000.

Several other institutional investors and hedge funds have also made changes to their positions in ROP. Ledyard National Bank boosted its stake in shares of Roper Technologies by 2.1% during the 3rd quarter. Ledyard National Bank now owns 896 shares of the industrial products company's stock worth $499,000 after purchasing an additional 18 shares during the last quarter. Western Financial Corp CA boosted its holdings in shares of Roper Technologies by 1.1% during the second quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company's stock worth $973,000 after purchasing an additional 19 shares during the last quarter. AMG National Trust Bank grew its position in shares of Roper Technologies by 5.1% in the second quarter. AMG National Trust Bank now owns 391 shares of the industrial products company's stock valued at $220,000 after purchasing an additional 19 shares during the period. Covestor Ltd increased its stake in Roper Technologies by 50.0% in the first quarter. Covestor Ltd now owns 60 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 20 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position 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 buying an additional 20 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Baird R W upgraded Roper Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 25th. Robert W. Baird upped their target price on Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Truist Financial reiterated a "buy" rating and set a $665.00 target price (up 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 stock a "neutral" rating in a report on Thursday, October 17th. Finally, Oppenheimer dropped their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an "outperform" rating on the stock in a research note on Thursday, July 25th. 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 MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $620.80.

Roper Technologies Stock Performance

ROP stock traded up $1.14 during trading on Monday, reaching $549.37. 566,015 shares of the stock were exchanged, compared to its average volume of 496,582. The stock has a 50 day simple moving average of $552.39 and a 200-day simple moving average of $548.19. The company has a market capitalization of $58.91 billion, a P/E ratio of 40.10, a price-to-earnings-growth ratio of 2.86 and a beta of 1.03. Roper Technologies, Inc. has a twelve month low of $508.22 and a twelve month high of $579.10. 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 (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 (EPS) for the quarter, beating analysts' consensus estimates of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.72 billion. During the same period in the previous year, the business posted $4.32 earnings per share. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be paid a $0.825 dividend. This is a boost from Roper Technologies's previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.60%. Roper Technologies's payout ratio is presently 21.95%.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 1,000 shares of the firm's stock in a transaction dated 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 trade represents a 2.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.87% of the stock is currently owned by corporate insiders.

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.