Argus Investors Counsel Inc. Decreases Position in Roper Technologies, Inc. (NYSE:ROP)

Argus Investors Counsel Inc. reduced its holdings in Roper Technologies, Inc. (NYSE:ROP) by 7.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 709 shares of the industrial products company’s stock after selling 56 shares during the quarter. Argus Investors Counsel Inc.’s holdings in Roper Technologies were worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Ledyard National Bank boosted its position in shares of Roper Technologies by 2.1% in the third quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock worth $499,000 after buying an additional 18 shares during the period. Symphony Financial Ltd. Co. boosted its holdings in Roper Technologies by 1.5% in the first quarter. Symphony Financial Ltd. Co. now owns 1,299 shares of the industrial products company’s stock valued at $728,000 after purchasing an additional 19 shares during the last quarter. Western Financial Corp CA lifted its holdings in Roper Technologies by 1.1% during the 2nd quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company’s stock worth $973,000 after buying an additional 19 shares during the last quarter. AMG National Trust Bank raised its position in shares of Roper Technologies by 5.1% during the 2nd quarter. AMG National Trust Bank now owns 391 shares of the industrial products company’s stock worth $220,000 after purchasing an additional 19 shares during the period. Finally, Capital Advisors Ltd. LLC raised its position in shares of Roper Technologies by 3.4% during the 1st quarter. Capital Advisors Ltd. LLC now owns 617 shares of the industrial products company’s stock worth $346,000 after purchasing an additional 20 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ROP has been the topic of several analyst reports. Jefferies Financial Group raised their target price on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Oppenheimer lowered their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Truist Financial restated a “buy” rating and issued a $660.00 target price on shares of Roper Technologies in a research report on Tuesday, August 27th. Royal Bank of Canada raised their target price on Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Finally, Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Three equities research 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $619.50.

Insider Transactions at Roper Technologies

In related news, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction dated 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 of the company’s stock, valued at $3,251,959.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Stock Down 0.7 %

Shares of NYSE:ROP traded down $3.62 during midday trading on Tuesday, hitting $553.18. 80,407 shares of the stock were exchanged, compared to its average volume of 494,010. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. Roper Technologies, Inc. has a 52-week low of $474.46 and a 52-week high of $579.10. The business’s fifty day simple moving average is $550.64 and its two-hundred day simple moving average is $545.42. The company has a market capitalization of $59.30 billion, a PE ratio of 41.24, a P/E/G ratio of 2.92 and a beta of 1.02.

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 business had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.72 billion. As a group, research analysts predict that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $3.00 annualized dividend and a yield of 0.54%. Roper Technologies’s dividend payout ratio (DPR) is currently 22.22%.

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.