Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC boosted its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 110.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,702 shares of the industrial products company's stock after purchasing an additional 15,080 shares during the period. HighTower Advisors LLC's holdings in Roper Technologies were worth $16,023,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ROP. Ledyard National Bank lifted its holdings in 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 buying an additional 18 shares during the last quarter. Western Financial Corp CA lifted its holdings in Roper Technologies by 1.1% during the 2nd quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company's stock worth $973,000 after buying an additional 19 shares during the last quarter. AMG National Trust Bank lifted its holdings in Roper Technologies by 5.1% during the 2nd quarter. AMG National Trust Bank now owns 391 shares of the industrial products company's stock worth $220,000 after buying an additional 19 shares during the last quarter. Cromwell Holdings LLC lifted its holdings in Roper Technologies by 6.8% during the 3rd quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company's stock worth $185,000 after buying an additional 21 shares during the last quarter. Finally, Hibernia Wealth Partners LLC lifted its holdings in Roper Technologies by 4.2% during the 3rd quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company's stock worth $291,000 after buying an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Insider Activity

In other news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies 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 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 Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on ROP shares. Jefferies Financial Group increased their target price on Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Truist Financial reissued a "buy" rating and issued a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Barclays reissued an "underweight" rating and issued a $569.00 price target (down previously from $625.00) on shares of Roper Technologies in a report on Thursday. Mizuho raised 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, Royal Bank of Canada cut their price target on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $615.20.

Roper Technologies Stock Performance

ROP traded down $6.70 during trading hours on Friday, hitting $551.20. The company's stock had a trading volume of 544,767 shares, compared to its average volume of 444,706. Roper Technologies, Inc. has a fifty-two week low of $508.22 and a fifty-two week high of $580.09. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $59.10 billion, a PE ratio of 40.32, a PEG ratio of 3.01 and a beta of 1.02. The company has a 50-day simple moving average of $554.30 and a 200 day simple moving average of $551.50.

Roper Technologies (NYSE:ROP - Get Free Report) last posted 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. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The firm had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.72 billion. During the same period last year, the firm earned $4.32 EPS. The firm's revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts expect that Roper Technologies, Inc. will post 18.24 EPS for the current year.

Roper Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, January 3rd. This is a boost from Roper Technologies's previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 0.60%. Roper Technologies's dividend payout ratio (DPR) is 24.14%.

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.