Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Empirical Finance LLC

Empirical Finance LLC boosted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,654 shares of the industrial products company’s stock after acquiring an additional 76 shares during the period. Empirical Finance LLC’s holdings in Roper Technologies were worth $2,033,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ROP. ORG Partners LLC increased its holdings in Roper Technologies by 764.2% in 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 during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted 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 purchasing an additional 2,399 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in Roper Technologies by 12.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 9,035 shares of the industrial products company’s stock valued at $5,067,000 after purchasing an additional 988 shares in the last quarter. PGGM Investments increased its stake in Roper Technologies by 739.4% in the second quarter. PGGM Investments now owns 72,596 shares of the industrial products company’s stock valued at $40,919,000 after purchasing an additional 63,947 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in Roper Technologies by 201.6% during the first quarter. Cetera Investment Advisers now owns 20,340 shares of the industrial products company’s stock worth $11,408,000 after purchasing an additional 13,597 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the transaction, the director now owns 32,955 shares in the company, valued at $18,125,250. This trade represents a 2.95 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Stock Down 2.9 %

Shares of Roper Technologies stock opened at $548.23 on Friday. Roper Technologies, Inc. has a one year low of $508.22 and a one year high of $579.10. The company has a market cap of $58.79 billion, a P/E ratio of 40.10, a PEG ratio of 2.98 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The firm has a fifty day moving average of $552.39 and a two-hundred day moving average of $547.70.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the firm earned $4.32 earnings per share. The firm’s revenue was up 11.7% compared to the same quarter last year. On average, analysts forecast that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a $0.825 dividend. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.60%. Roper Technologies’s dividend payout ratio is presently 21.95%.

Analyst Ratings Changes

ROP has been the topic of a number of recent analyst reports. Jefferies Financial Group increased their target price 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. Robert W. Baird lifted their target price on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Truist Financial reaffirmed a “buy” rating and set a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Finally, Royal Bank of Canada decreased their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently 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.