NewEdge Advisors LLC Grows Stock Position in Roper Technologies, Inc. (NYSE:ROP)

NewEdge Advisors LLC lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 70.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,836 shares of the industrial products company’s stock after acquiring an additional 1,584 shares during the period. NewEdge Advisors LLC’s holdings in Roper Technologies were worth $2,162,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Roper Technologies by 497.6% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,329 shares of the industrial products company’s stock worth $5,232,000 after purchasing an additional 7,768 shares during the period. ORG Partners LLC lifted its position in Roper Technologies by 764.2% during the second quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock valued at $652,000 after buying an additional 1,024 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in 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 worth $136,455,000 after buying an additional 2,399 shares during the period. Douglas Lane & Associates LLC increased its position in shares of Roper Technologies by 3.1% in the first quarter. Douglas Lane & Associates LLC now owns 73,007 shares of the industrial products company’s stock worth $40,945,000 after acquiring an additional 2,189 shares in the last quarter. Finally, Duality Advisers LP raised its stake in shares of Roper Technologies by 355.4% in the 1st quarter. Duality Advisers LP now owns 12,026 shares of the industrial products company’s stock valued at $6,745,000 after acquiring an additional 9,385 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Trading Down 0.7 %

NYSE:ROP opened at $544.86 on Friday. Roper Technologies, Inc. has a 52 week low of $474.46 and a 52 week high of $579.10. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The company has a market cap of $58.32 billion, a PE ratio of 39.54, a P/E/G ratio of 2.90 and a beta of 1.02. The business’s 50 day moving average is $546.04 and its two-hundred day moving average is $545.61.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.72 billion. On average, analysts predict that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Shareholders 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 dividend on an annualized basis and a yield of 0.55%. Roper Technologies’s dividend payout ratio is currently 21.77%.

Insider Buying and Selling at Roper Technologies

In other news, Director Robert D. Johnson sold 140 shares of the stock in a transaction that occurred 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 directly owns 5,909 shares in the company, valued at approximately $3,251,959.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on ROP shares. Wolfe Research downgraded Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Robert W. Baird upgraded Roper Technologies from a “neutral” rating to an “outperform” rating and raised their target price for the company from $617.00 to $635.00 in a report on Thursday, July 25th. Truist Financial restated a “buy” rating and issued a $660.00 price target on shares of Roper Technologies in a report on Tuesday, August 27th. 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. Finally, Oppenheimer decreased their target price on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and an average target price of $616.00.

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.