Dynamic Advisor Solutions LLC Buys 24 Shares of Roper Technologies, Inc. (NYSE:ROP)

Dynamic Advisor Solutions LLC raised its stake in Roper Technologies, Inc. (NYSE:ROP) by 0.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,079 shares of the industrial products company’s stock after purchasing an additional 24 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Roper Technologies were worth $5,608,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. New Covenant Trust Company N.A. bought a new position in Roper Technologies in the 1st quarter valued at about $25,000. Rise Advisors LLC bought a new stake in Roper Technologies in the 1st quarter valued at about $27,000. Fairscale Capital LLC acquired a new stake in shares of Roper Technologies in the second quarter valued at approximately $28,000. Versant Capital Management Inc boosted its stake 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 during the period. Finally, OFI Invest Asset Management acquired a new stake in Roper Technologies during the first quarter worth approximately $29,000. 93.31% of the stock is owned by institutional investors.

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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Barclays boosted their price target on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Truist Financial reissued a “buy” rating and issued a $660.00 target price on shares of Roper Technologies in a report on Tuesday, August 27th. Finally, Robert W. Baird upgraded shares of Roper Technologies from a “neutral” rating to an “outperform” rating and raised their price target for the company from $617.00 to $635.00 in a research note on Thursday, July 25th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $616.00.

Roper Technologies Price Performance

ROP stock opened at $542.91 on Wednesday. The company has a market capitalization of $58.12 billion, a P/E ratio of 39.40, a PEG ratio of 2.89 and a beta of 1.02. The company has a fifty day moving average price of $545.88 and a 200-day moving average price of $545.38. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. Roper Technologies, Inc. has a 52-week low of $474.46 and a 52-week high of $579.10.

Roper Technologies (NYSE:ROP) last announced its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. As a group, equities analysts expect that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend is Tuesday, October 8th. Roper Technologies’s dividend payout ratio is presently 21.77%.

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.