Signal Advisors Wealth LLC Raises Position in Roper Technologies, Inc. (NYSE:ROP)

Signal Advisors Wealth LLC boosted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 42.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,816 shares of the industrial products company's stock after purchasing an additional 1,719 shares during the period. Signal Advisors Wealth LLC's holdings in Roper Technologies were worth $3,023,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ROP. Fairscale Capital LLC purchased a new stake in shares of Roper Technologies during the second quarter worth approximately $28,000. Fortitude Family Office LLC acquired a new stake in shares of Roper Technologies in the 3rd quarter worth $28,000. Global Wealth Strategies & Associates acquired a new stake in shares of Roper Technologies in the 3rd quarter worth $37,000. Kimelman & Baird LLC acquired a new position in shares of Roper Technologies during the second quarter worth about $42,000. Finally, Central Pacific Bank Trust Division raised its holdings in Roper Technologies by 34.4% during the third quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company's stock worth $48,000 after purchasing an additional 22 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the sale, the director now owns 32,955 shares of the company's stock, valued at approximately $18,125,250. This represents a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is owned by company insiders.

Roper Technologies Trading Up 0.5 %

ROP stock traded up $2.69 during midday trading on Tuesday, hitting $510.69. The stock had a trading volume of 535,826 shares, compared to its average volume of 670,914. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $580.09. The firm has a market cap of $54.76 billion, a PE ratio of 37.36, a price-to-earnings-growth ratio of 2.84 and a beta of 1.04. The company's 50-day moving average price is $542.32 and its 200 day moving average price is $547.05. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44.

Roper Technologies (NYSE:ROP - Get Free Report) last released 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 during the quarter, compared to analyst estimates of $1.72 billion. During the same period in the prior year, the firm posted $4.32 earnings per share. The business's quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts predict that Roper Technologies, Inc. will post 18.26 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.825 per share. The ex-dividend date is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.65%. This is an increase from Roper Technologies's previous quarterly dividend of $0.75. Roper Technologies's dividend payout ratio (DPR) is currently 24.14%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Royal Bank of Canada dropped their target price on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Barclays cut their price objective on Roper Technologies from $569.00 to $562.00 and set an "underweight" rating for the company in a research report on Wednesday, January 8th. Robert W. Baird boosted their target price on shares of 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 issued a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Finally, Mizuho boosted their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $623.33.

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.