Roper Technologies, Inc. (NYSE:ROP) Shares Bought by WealthPlan Investment Management LLC

WealthPlan Investment Management LLC lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 38.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,984 shares of the industrial products company's stock after purchasing an additional 1,388 shares during the period. WealthPlan Investment Management LLC's holdings in Roper Technologies were worth $2,773,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ledyard National Bank lifted its stake in shares of 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 raised its position in shares of Roper Technologies by 1.1% during the 2nd quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company's stock worth $973,000 after buying an additional 19 shares in the last quarter. AMG National Trust Bank grew its stake in shares of Roper Technologies by 5.1% in the 2nd 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 during the last quarter. Covestor Ltd boosted its holdings in shares of Roper Technologies by 50.0% during the first quarter. Covestor Ltd now owns 60 shares of the industrial products company's stock worth $34,000 after purchasing an additional 20 shares during the period. Finally, Versant Capital Management Inc lifted its stake in 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 acquiring an additional 20 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ROP has been the topic of a number of research reports. Royal Bank of Canada dropped their target price on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Jefferies Financial Group upped their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Robert W. Baird increased their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Oppenheimer decreased their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an "outperform" rating on the stock in a report on Thursday, July 25th. Finally, Mizuho lifted their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the stock 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 issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $620.80.

Roper Technologies Stock Down 0.3 %

Roper Technologies stock traded down $1.67 during mid-day trading on Tuesday, hitting $563.47. The company had a trading volume of 114,396 shares, compared to its average volume of 494,262. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The stock's 50 day moving average price is $551.68 and its two-hundred day moving average price is $546.91. Roper Technologies, Inc. has a 12 month low of $508.22 and a 12 month high of $579.10. The company has a market capitalization of $60.42 billion, a PE ratio of 41.34, a price-to-earnings-growth ratio of 2.96 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping analysts' consensus estimates of $4.53 by $0.09. The business had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.32 earnings per share. As a group, sell-side analysts anticipate that Roper Technologies, Inc. will post 18.24 earnings per share for the current fiscal 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 given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, January 3rd. This is a positive change from Roper Technologies's previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. Roper Technologies's payout ratio is 24.14%.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the business's stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the sale, the director now owns 32,955 shares in the company, valued at approximately $18,125,250. The trade was a 0.00 % 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. Corporate insiders own 0.87% of the company's stock.

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.