Benjamin Edwards Inc. Has $874,000 Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Benjamin Edwards Inc. increased its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1,792.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,571 shares of the industrial products company's stock after purchasing an additional 1,488 shares during the quarter. Benjamin Edwards Inc.'s holdings in Roper Technologies were worth $874,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its holdings in shares of Roper Technologies by 4.0% in the second quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company's stock valued at $1,512,813,000 after purchasing an additional 102,199 shares in the last quarter. Mackenzie Financial Corp lifted its stake in Roper Technologies by 3.1% in the 2nd quarter. Mackenzie Financial Corp now owns 1,119,023 shares of the industrial products company's stock worth $630,749,000 after acquiring an additional 33,544 shares in the last quarter. Legal & General Group Plc boosted its position in Roper Technologies by 7.6% during the 2nd quarter. Legal & General Group Plc now owns 914,499 shares of the industrial products company's stock worth $515,467,000 after acquiring an additional 64,565 shares during the period. Mirova US LLC grew its stake in Roper Technologies by 2.1% during the 2nd quarter. Mirova US LLC now owns 700,651 shares of the industrial products company's stock valued at $394,929,000 after acquiring an additional 14,501 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Roper Technologies by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 648,903 shares of the industrial products company's stock valued at $361,076,000 after purchasing an additional 9,653 shares during the period. Hedge funds and other institutional investors own 93.31% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on ROP. 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. Mizuho lifted their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Robert W. Baird upped their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Jefferies Financial Group lifted their price objective on Roper Technologies from $625.00 to $635.00 and gave the company a "buy" rating in a research report on Friday, August 16th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $615.20.

Insider Activity

In other news, Director Richard F. Wallman sold 1,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 32,955 shares in the company, valued at $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is currently owned by company insiders.

Roper Technologies Stock Down 1.2 %

Shares of NYSE ROP traded down $6.70 during mid-day trading on Friday, reaching $551.20. 544,767 shares of the company traded hands, compared to its average volume of 444,706. The company's fifty day moving average is $554.30 and its two-hundred day moving average is $551.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. Roper Technologies, Inc. has a fifty-two week low of $508.22 and a fifty-two week high of $580.09. The stock has a market cap of $59.10 billion, a PE ratio of 40.32, a price-to-earnings-growth ratio of 3.01 and a beta of 1.02.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly 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 company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the company posted $4.32 earnings per share. The company's revenue for the quarter was up 11.7% compared to the same quarter last year. On average, analysts expect that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Increases Dividend

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

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.