Wilmington Savings Fund Society FSB Purchases 4,371 Shares of Roper Technologies, Inc. (NYSE:ROP)

Wilmington Savings Fund Society FSB raised its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1,227.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,727 shares of the industrial products company's stock after acquiring an additional 4,371 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Roper Technologies were worth $2,630,000 as of its most recent SEC filing.

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

Insider Activity

In other news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the transaction, the director now directly owns 32,955 shares in the company, valued at approximately $18,125,250. This trade represents a 2.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.87% of the company's stock.

Wall Street Analysts Forecast Growth

ROP has been the subject of a number of research reports. Barclays reissued an "underweight" rating and set a $569.00 price target (down from $625.00) on shares of Roper Technologies in a research note on Thursday, December 5th. Truist Financial restated a "buy" rating and issued a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Royal Bank of Canada lowered their price objective 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. Mizuho boosted their target price 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. Finally, Robert W. Baird increased their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $615.20.

Roper Technologies Trading Down 0.8 %

Shares of ROP traded down $4.37 during mid-day trading on Friday, reaching $543.66. 590,430 shares of the company's stock traded hands, compared to its average volume of 495,785. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The stock's 50-day moving average is $554.11 and its two-hundred day moving average is $551.55. Roper Technologies, Inc. has a 12 month low of $508.22 and a 12 month high of $580.09. The stock has a market cap of $58.30 billion, a P/E ratio of 39.77, a P/E/G ratio of 2.87 and a beta of 1.02.

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 for the quarter, topping the consensus estimate of $4.53 by $0.09. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the company earned $4.32 earnings per share. Research analysts forecast that Roper Technologies, Inc. will post 18.26 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 issued a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.61%. This is a boost from Roper Technologies's previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. Roper Technologies's dividend payout ratio is currently 21.95%.

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.