Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. increased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 6.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,495 shares of the industrial products company's stock after buying an additional 3,839 shares during the quarter. Tandem Investment Advisors Inc. owned 0.06% of Roper Technologies worth $35,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ROP. New Covenant Trust Company N.A. acquired a new stake in shares of Roper Technologies during the first quarter worth $25,000. Fairscale Capital LLC acquired a new stake in Roper Technologies during the 2nd quarter worth about $28,000. Fortitude Family Office LLC purchased a new stake in Roper Technologies during the 3rd quarter valued at about $28,000. Versant Capital Management Inc increased its holdings in shares of Roper Technologies by 58.8% in the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 20 shares during the period. Finally, Valley Wealth Managers Inc. acquired a new position in shares of Roper Technologies in the second quarter valued at about $31,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Jefferies Financial Group upped their target price on Roper Technologies from $625.00 to $635.00 and gave the company a "buy" rating in a research report on Friday, August 16th. Truist Financial reiterated a "buy" rating and issued a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Royal Bank of Canada decreased their target price on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Baird R W raised shares of Roper Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 25th. Finally, Mizuho lifted their price objective on Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $620.80.

Roper Technologies Price Performance

ROP traded down $4.64 during trading on Friday, reaching $567.62. The company's stock had a trading volume of 377,870 shares, compared to its average volume of 496,471. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The firm has a fifty day simple moving average of $551.46 and a two-hundred day simple moving average of $546.62. The company has a market cap of $60.87 billion, a price-to-earnings ratio of 41.52, a PEG ratio of 2.95 and a beta of 1.03. Roper Technologies, Inc. has a 1 year low of $508.07 and a 1 year high of $579.10.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data 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 company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the company posted $4.32 earnings per share. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, analysts anticipate that Roper Technologies, Inc. will post 18.24 EPS for the current year.

Roper Technologies Increases Dividend

The company also recently announced 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 is an increase from Roper Technologies's previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. Roper Technologies's payout ratio is 24.14%.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the firm's 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 in the company, valued at $18,125,250. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.87% of the stock is currently owned by company insiders.

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.