Global Wealth Strategies & Associates Takes $37,000 Position in Roper Technologies, Inc. (NYSE:ROP)

Global Wealth Strategies & Associates bought a new position in Roper Technologies, Inc. (NYSE:ROP) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 67 shares of the industrial products company’s stock, valued at approximately $37,000.

Several other large investors have also added to or reduced their stakes in ROP. New Covenant Trust Company N.A. bought a new stake in shares of Roper Technologies during the 1st quarter valued at $25,000. Rise Advisors LLC bought a new stake in shares of Roper Technologies in the 1st quarter worth approximately $27,000. Fairscale Capital LLC purchased a new stake in shares of Roper Technologies in the 2nd quarter worth approximately $28,000. OFI Invest Asset Management purchased a new position in Roper Technologies during the first quarter valued at $29,000. Finally, Versant Capital Management Inc boosted its holdings in 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 in the last quarter. Institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

ROP has been the topic of several analyst reports. Wolfe Research downgraded shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Barclays lifted their price target on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Royal Bank of Canada raised their target price on shares of Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Finally, Truist Financial reissued a “buy” rating and set a $660.00 price target on shares of Roper Technologies in a report on Tuesday, August 27th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and an average target price of $616.00.

Insider Buying and Selling

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the sale, the director now directly owns 5,909 shares in the company, valued at approximately $3,251,959.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is owned by insiders.

Roper Technologies Trading Up 0.6 %

Shares of ROP opened at $551.37 on Thursday. Roper Technologies, Inc. has a fifty-two week low of $474.46 and a fifty-two week high of $579.10. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. The company’s fifty day moving average is $545.95 and its 200 day moving average is $545.60. The stock has a market capitalization of $59.11 billion, a PE ratio of 40.01, a P/E/G ratio of 2.90 and a beta of 1.02.

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

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Tuesday, October 8th. Roper Technologies’s dividend payout ratio is presently 21.77%.

Roper Technologies Company 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.