DRW Securities LLC Acquires Shares of 804 Roper Technologies, Inc. (NYSE:ROP)

DRW Securities LLC bought a new position in shares of Roper Technologies, Inc. (NYSE:ROP) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 804 shares of the industrial products company’s stock, valued at approximately $453,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ROP. Steward Partners Investment Advisory LLC increased its stake in Roper Technologies by 236.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,241 shares of the industrial products company’s stock worth $4,493,000 after acquiring an additional 5,789 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its stake in Roper Technologies by 497.6% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,329 shares of the industrial products company’s stock valued at $5,232,000 after purchasing an additional 7,768 shares in the last quarter. Stifel Financial Corp lifted its position in Roper Technologies by 5.9% during the fourth quarter. Stifel Financial Corp now owns 50,284 shares of the industrial products company’s stock worth $27,416,000 after purchasing an additional 2,811 shares during the period. Rafferty Asset Management LLC grew its stake in Roper Technologies by 90.7% during the fourth quarter. Rafferty Asset Management LLC now owns 53,363 shares of the industrial products company’s stock worth $29,092,000 after buying an additional 25,384 shares in the last quarter. Finally, ORG Partners LLC increased its holdings in Roper Technologies by 764.2% in the 2nd quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock valued at $652,000 after buying an additional 1,024 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Roper Technologies

In other news, Director Robert D. Johnson sold 140 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the completion of the sale, the director now directly owns 5,909 shares in the company, valued at $3,251,959.06. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

Shares of Roper Technologies stock opened at $557.75 on Tuesday. The stock has a market cap of $59.70 billion, a price-to-earnings ratio of 40.48, a P/E/G ratio of 2.92 and a beta of 1.02. Roper Technologies, Inc. has a twelve month low of $474.46 and a twelve month high of $579.10. The company’s fifty day moving average is $547.89 and its 200 day moving average is $545.47. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, beating analysts’ consensus estimates of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The firm had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. Sell-side analysts forecast that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $3.00 annualized dividend and a yield of 0.54%. Roper Technologies’s payout ratio is 21.77%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ROP. Jefferies Financial Group upped their price target 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. Truist Financial restated a “buy” rating and set a $660.00 target price on shares of Roper Technologies in a research note on Tuesday, August 27th. Wolfe Research lowered Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Robert W. Baird upgraded Roper Technologies from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $617.00 to $635.00 in a research report on Thursday, July 25th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $616.00.

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.