Sanctuary Advisors LLC Increases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Sanctuary Advisors LLC grew its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 19.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,849 shares of the industrial products company's stock after purchasing an additional 960 shares during the quarter. Sanctuary Advisors LLC's holdings in Roper Technologies were worth $3,276,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ROP. Fairscale Capital LLC purchased a new stake in shares of Roper Technologies during the second quarter valued at $28,000. Fortitude Family Office LLC acquired a new stake in Roper Technologies during the 3rd quarter worth about $28,000. Valley Wealth Managers Inc. purchased a new stake in Roper Technologies during the 2nd quarter valued at about $31,000. Global Wealth Strategies & Associates acquired a new position in shares of Roper Technologies in the third quarter valued at about $37,000. Finally, Kimelman & Baird LLC purchased a new position in shares of Roper Technologies in the second quarter worth about $42,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the 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 owns 32,955 shares in the company, valued at approximately $18,125,250. This represents a 2.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.87% of the company's stock.

Roper Technologies Price Performance

ROP traded down $5.29 during midday trading on Tuesday, hitting $536.75. 1,086,066 shares of the company traded hands, compared to its average volume of 498,636. The company has a market capitalization of $57.56 billion, a price-to-earnings ratio of 39.65, a PEG ratio of 2.84 and a beta of 1.02. The business has a 50 day simple moving average of $554.19 and a two-hundred day simple moving average of $551.94. 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, Inc. has a 52-week low of $508.22 and a 52-week high of $580.09.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping the consensus estimate of $4.53 by $0.09. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. Roper Technologies's quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business earned $4.32 EPS. On average, equities analysts forecast that Roper Technologies, Inc. will post 18.26 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.825 per share. This is a positive change from Roper Technologies's previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.61%. Roper Technologies's dividend payout ratio is presently 21.95%.

Analyst Ratings Changes

Several brokerages recently weighed in on ROP. Truist Financial reiterated 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 set a $569.00 target price (down previously from $625.00) on shares of Roper Technologies in a report on Thursday, December 5th. Royal Bank of Canada lowered their price target on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Robert W. Baird lifted their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Finally, Mizuho upped their target price 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, three have given a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $615.20.

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.