Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC trimmed its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 952 shares of the industrial products company’s stock after selling 30 shares during the period. Frank Rimerman Advisors LLC’s holdings in Roper Technologies were worth $530,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in ROP. New Covenant Trust Company N.A. acquired a new position in Roper Technologies during the 1st quarter worth $25,000. Fairscale Capital LLC bought a new position in shares of Roper Technologies in the 2nd quarter worth about $28,000. Versant Capital Management Inc lifted its position in shares of Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after buying an additional 20 shares during the last quarter. Valley Wealth Managers Inc. bought a new position in shares of Roper Technologies in the 2nd quarter worth about $31,000. Finally, Covestor Ltd lifted its position in shares of Roper Technologies by 50.0% in the 1st quarter. Covestor Ltd now owns 60 shares of the industrial products company’s stock worth $34,000 after buying an additional 20 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Trading Down 0.0 %

Shares of Roper Technologies stock opened at $542.00 on Monday. The stock has a market capitalization of $58.02 billion, a P/E ratio of 39.33, a price-to-earnings-growth ratio of 2.89 and a beta of 1.02. 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 50-day simple moving average of $551.26 and a 200 day simple moving average of $545.51. Roper Technologies, Inc. has a 12-month low of $474.46 and a 12-month high of $579.10.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the firm earned $4.32 EPS. The company’s revenue was up 11.7% on a year-over-year basis. Research analysts expect that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Tuesday, October 8th were given a $0.75 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.55%. Roper Technologies’s dividend payout ratio is 21.77%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ROP shares. Jefferies Financial Group lifted their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Oppenheimer lowered their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Truist Financial reissued a “buy” rating and issued a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research report on Thursday. Finally, Robert W. Baird raised their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $620.80.

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.