D.A. Davidson & CO. Purchases 158 Shares of Roper Technologies, Inc. (NYSE:ROP)

D.A. Davidson & CO. raised its position in Roper Technologies, Inc. (NYSE:ROP) by 11.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,488 shares of the industrial products company’s stock after acquiring an additional 158 shares during the quarter. D.A. Davidson & CO.’s holdings in Roper Technologies were worth $828,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ROP. ORG Partners LLC grew its position in Roper Technologies by 764.2% during the 2nd quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock worth $652,000 after purchasing an additional 1,024 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Roper Technologies by 1.0% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 240,633 shares of the industrial products company’s stock valued at $136,455,000 after buying an additional 2,399 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Roper Technologies by 5.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company’s stock valued at $19,282,000 after acquiring an additional 1,789 shares during the period. Citigroup Inc. raised its stake in Roper Technologies by 17.6% in the 3rd quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company’s stock worth $106,050,000 after acquiring an additional 28,555 shares during the last quarter. Finally, PGGM Investments lifted its position in Roper Technologies by 739.4% during the 2nd quarter. PGGM Investments now owns 72,596 shares of the industrial products company’s stock worth $40,919,000 after acquiring an additional 63,947 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Trading Up 0.4 %

ROP stock opened at $568.63 on Tuesday. Roper Technologies, Inc. has a 52-week low of $508.22 and a 52-week high of $579.10. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The firm has a market cap of $60.97 billion, a P/E ratio of 41.60, a PEG ratio of 2.96 and a beta of 1.03. The company’s 50-day simple moving average is $553.18 and its 200-day simple moving average is $550.80.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. The company had revenue of $1.75 billion for 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%. Roper Technologies’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.32 earnings per share. As a group, equities analysts forecast that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Friday, January 3rd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s payout ratio is presently 21.95%.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the sale, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ROP shares. Jefferies Financial Group raised their price objective on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada reduced their price target 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. Truist Financial reaffirmed a “buy” rating and issued a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Mizuho raised 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 upped 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. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $620.80.

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.