Smith Salley Wealth Management Has $18.13 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Smith Salley Wealth Management raised its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,866 shares of the industrial products company's stock after acquiring an additional 481 shares during the quarter. Roper Technologies comprises approximately 1.2% of Smith Salley Wealth Management's investment portfolio, making the stock its 29th biggest holding. Smith Salley Wealth Management's holdings in Roper Technologies were worth $18,125,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ROP. 3Chopt Investment Partners LLC acquired a new stake in shares of Roper Technologies during the 2nd quarter worth approximately $220,000. Massachusetts Financial Services Co. MA grew its holdings in Roper Technologies by 0.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 24,631 shares of the industrial products company's stock worth $13,884,000 after acquiring an additional 106 shares during the period. Seven Eight Capital LP raised its position in shares of Roper Technologies by 193.9% during the 2nd quarter. Seven Eight Capital LP now owns 1,684 shares of the industrial products company's stock valued at $949,000 after acquiring an additional 1,111 shares during the last quarter. Intech Investment Management LLC lifted its stake in shares of Roper Technologies by 5.7% in the 2nd quarter. Intech Investment Management LLC now owns 12,053 shares of the industrial products company's stock valued at $6,794,000 after purchasing an additional 655 shares during the period. Finally, Ieq Capital LLC boosted its position in shares of Roper Technologies by 6.4% in the 2nd quarter. Ieq Capital LLC now owns 10,268 shares of the industrial products company's stock worth $5,788,000 after purchasing an additional 614 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

Insider Transactions 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 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 owns 32,955 shares in the company, valued at $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.87% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Truist Financial restated a "buy" rating and set a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Barclays decreased their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a report on Wednesday, January 8th. Oppenheimer began coverage on shares of Roper Technologies in a report on Monday, December 23rd. They issued an "outperform" rating and a $630.00 target price on the stock. Royal Bank of Canada decreased their price target on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Finally, Mizuho raised their price objective on Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $623.33.

Roper Technologies Stock Up 0.6 %

Shares of Roper Technologies stock traded up $3.22 during trading on Friday, reaching $522.32. The stock had a trading volume of 763,769 shares, compared to its average volume of 575,356. 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 company has a market capitalization of $56.01 billion, a price-to-earnings ratio of 38.21, a P/E/G ratio of 2.40 and a beta of 1.04. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $580.09. The stock has a fifty day moving average price of $538.78 and a two-hundred day moving average price of $545.89.

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. 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 during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the firm posted $4.32 EPS. The business's revenue was up 11.7% on a year-over-year basis. Sell-side analysts predict that Roper Technologies, Inc. will post 18.29 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were given a dividend of $0.825 per share. The ex-dividend date of this dividend was 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 yield of 0.63%. Roper Technologies's payout ratio 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.