Fairscale Capital LLC Buys Shares of 50 Roper Technologies, Inc. (NYSE:ROP)

Fairscale Capital LLC purchased a new position in Roper Technologies, Inc. (NYSE:ROP) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 50 shares of the industrial products company’s stock, valued at approximately $28,000.

Several other hedge funds have also recently made changes to their positions in the stock. New Covenant Trust Company N.A. bought a new stake in Roper Technologies in the 1st quarter worth approximately $25,000. Rise Advisors LLC purchased a new position in shares of Roper Technologies in the 1st quarter worth $27,000. Versant Capital Management Inc grew its holdings 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 worth $30,000 after acquiring an additional 20 shares during the period. OFI Invest Asset Management purchased a new stake in Roper Technologies during the first quarter valued at $29,000. Finally, Valley Wealth Managers Inc. bought a new position in Roper Technologies in the second quarter valued at about $31,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

Analyst Upgrades and Downgrades

ROP has been the subject of a number of recent research reports. Robert W. Baird upgraded Roper Technologies from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $617.00 to $635.00 in a research note on Thursday, July 25th. Barclays boosted their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Oppenheimer decreased their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Jefferies Financial Group boosted their price objective on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $616.00.

Roper Technologies Stock Down 0.5 %

Shares of ROP opened at $558.04 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. The stock has a market capitalization of $59.74 billion, a price-to-earnings ratio of 40.50, a price-to-earnings-growth ratio of 2.92 and a beta of 1.02. Roper Technologies, Inc. has a 1 year low of $474.46 and a 1 year high of $579.10. The business’s 50 day simple moving average is $547.91 and its 200-day simple moving average is $545.39.

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

Roper Technologies Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.54%. Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%.

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.