Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Creative Planning

Creative Planning lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,786 shares of the industrial products company’s stock after purchasing an additional 431 shares during the quarter. Creative Planning’s holdings in Roper Technologies were worth $8,334,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ROP. New Covenant Trust Company N.A. acquired a new stake in Roper Technologies in the 1st quarter valued at about $25,000. Rise Advisors LLC acquired a new stake in Roper Technologies in the 1st quarter valued at about $27,000. Fairscale Capital LLC acquired a new stake in Roper Technologies in the 2nd quarter valued at about $28,000. OFI Invest Asset Management acquired a new stake in Roper Technologies in the 1st quarter valued at about $29,000. Finally, Versant Capital Management Inc grew its stake in Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 20 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Roper Technologies

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

Roper Technologies Trading Up 0.6 %

Shares of ROP stock opened at $551.37 on Thursday. The firm has a market cap of $59.11 billion, a P/E ratio of 40.01, a PEG ratio of 2.90 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 company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. The firm’s 50-day simple moving average is $545.95 and its 200-day simple moving average is $545.60.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data 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. The business 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%. As a group, equities analysts forecast that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently declared 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 payout ratio is 21.77%.

Analyst Upgrades and Downgrades

ROP has been the topic of a number of research reports. 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. Truist Financial reissued a “buy” rating and issued a $660.00 price objective 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 upped their target price for the company from $617.00 to $635.00 in a report on Thursday, July 25th. Royal Bank of Canada upped their target price on shares of Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Finally, Wolfe Research lowered shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Four 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 company. Based on data from MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $616.00.

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.