Valeo Financial Advisors LLC Takes $211,000 Position in Roper Technologies, Inc. (NYSE:ROP)

Valeo Financial Advisors LLC bought a new stake in shares of Roper Technologies, Inc. (NYSE:ROP) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 379 shares of the industrial products company’s stock, valued at approximately $211,000.

Several other institutional investors have also recently made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new stake in Roper Technologies in the 1st quarter valued at $25,000. Rise Advisors LLC acquired a new stake in Roper Technologies in the 1st quarter valued at $27,000. Fairscale Capital LLC acquired a new stake in Roper Technologies in the 2nd quarter valued at $28,000. OFI Invest Asset Management acquired a new stake in Roper Technologies in the 1st quarter valued at $29,000. Finally, Versant Capital Management Inc boosted its stake in 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 last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Up 0.4 %

Shares of ROP opened at $556.18 on Wednesday. The firm has a market cap of $59.54 billion, a P/E ratio of 40.36, a price-to-earnings-growth ratio of 2.83 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 $547.56 and its 200 day moving average price is $545.01. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38.

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

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Tuesday, October 8th will be issued a $0.75 dividend. 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 currently 21.77%.

Analyst Ratings Changes

Several equities research analysts have issued reports on ROP shares. Robert W. Baird raised shares of Roper Technologies from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $617.00 to $635.00 in a research note on Thursday, July 25th. Royal Bank of Canada lifted their target price 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. Jefferies Financial Group lifted their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Truist Financial reaffirmed a “buy” rating and set a $660.00 target price on shares of Roper Technologies in a research note on Tuesday, August 27th. Finally, Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $616.00.

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 transaction of $77,047.60. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.87% of the company’s stock.

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.