Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Taurus Asset Management LLC

Taurus Asset Management LLC grew its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,675 shares of the industrial products company's stock after purchasing an additional 965 shares during the period. Taurus Asset Management LLC's holdings in Roper Technologies were worth $12,061,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Ledyard National Bank grew its position in Roper Technologies by 2.1% during the third quarter. Ledyard National Bank now owns 896 shares of the industrial products company's stock valued at $499,000 after buying an additional 18 shares during the period. Western Financial Corp CA increased its stake in shares of Roper Technologies by 1.1% in the 2nd quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company's stock valued at $973,000 after purchasing an additional 19 shares in the last quarter. AMG National Trust Bank boosted its position in Roper Technologies by 5.1% during the second quarter. AMG National Trust Bank now owns 391 shares of the industrial products company's stock worth $220,000 after purchasing an additional 19 shares in the last quarter. Covestor Ltd grew its holdings in Roper Technologies by 50.0% in the first quarter. Covestor Ltd now owns 60 shares of the industrial products company's stock valued at $34,000 after purchasing an additional 20 shares during the period. Finally, Versant Capital Management Inc increased its position 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 buying an additional 20 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 32,955 shares of the company's stock, valued at approximately $18,125,250. This trade represents a 2.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.87% of the stock is owned by company insiders.

Roper Technologies Trading Down 0.0 %

NYSE ROP traded down $0.11 during trading on Monday, hitting $548.12. The stock had a trading volume of 206,974 shares, compared to its average volume of 494,972. 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 company has a market capitalization of $58.77 billion, a PE ratio of 40.10, a PEG ratio of 2.86 and a beta of 1.03. The firm has a 50 day moving average price of $552.39 and a 200 day moving average price of $548.19. Roper Technologies, Inc. has a twelve month low of $508.22 and a twelve month high of $579.10.

Roper Technologies (NYSE:ROP - Get Free Report) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.53 by $0.09. The firm 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 revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business posted $4.32 earnings per share. As a group, equities research analysts forecast that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.60%. This is an increase from Roper Technologies's previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 3rd. Roper Technologies's dividend payout ratio (DPR) is 21.95%.

Wall Street Analysts Forecast Growth

ROP has been the subject of a number of research analyst reports. Robert W. Baird upped their price objective 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 target price (up from $660.00) on shares of Roper Technologies 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 research note on Thursday, July 25th. Mizuho lifted their price objective on Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Finally, Jefferies Financial Group lifted their price target on Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a report on Friday, August 16th. 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. According to data from MarketBeat, Roper Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $620.80.

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.