Frank Rimerman Advisors LLC Purchases 975 Shares of Roper Technologies, Inc. (NYSE:ROP)

Frank Rimerman Advisors LLC lifted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 13,928.6% during the second quarter, HoldingsChannel reports. The firm owned 982 shares of the industrial products company’s stock after purchasing an additional 975 shares during the period. Frank Rimerman Advisors LLC’s holdings in Roper Technologies were worth $554,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. New Covenant Trust Company N.A. acquired a new position in shares of Roper Technologies during the first quarter worth approximately $25,000. Rise Advisors LLC bought a new stake in Roper Technologies in the 1st quarter valued at $27,000. OFI Invest Asset Management acquired a new stake in Roper Technologies in the 1st quarter worth $29,000. Versant Capital Management Inc increased its holdings in shares of Roper Technologies by 58.8% during the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $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 during the second quarter valued at about $31,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Price Performance

NYSE:ROP opened at $557.75 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The firm has a market cap of $59.70 billion, a PE ratio of 40.48, a price-to-earnings-growth ratio of 2.92 and a beta of 1.02. Roper Technologies, Inc. has a 12 month low of $474.46 and a 12 month high of $579.10. The company’s 50-day moving average price is $547.89 and its two-hundred day moving average price is $545.47.

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, topping 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 business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. On average, equities analysts anticipate that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Announces Dividend

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

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ROP. Jefferies Financial Group lifted their target price on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Wolfe Research lowered Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Truist Financial restated a “buy” rating and issued a $660.00 target price on shares of Roper Technologies in a research note on Tuesday, August 27th. Robert W. Baird upgraded shares of Roper Technologies from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $617.00 to $635.00 in a research note on Thursday, July 25th. Finally, Barclays increased their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Four 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $616.00.

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.