OneAscent Financial Services LLC Purchases Shares of 1,120 Roper Technologies, Inc. (NYSE:ROP)

OneAscent Financial Services LLC purchased a new stake in shares of Roper Technologies, Inc. (NYSE:ROP) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,120 shares of the industrial products company’s stock, valued at approximately $623,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Tranquility Partners LLC grew its position in Roper Technologies by 33.0% during the third quarter. Tranquility Partners LLC now owns 1,321 shares of the industrial products company’s stock valued at $735,000 after acquiring an additional 328 shares during the period. Pathstone Holdings LLC grew its position in Roper Technologies by 0.4% during the third quarter. Pathstone Holdings LLC now owns 14,850 shares of the industrial products company’s stock valued at $8,265,000 after acquiring an additional 66 shares during the period. OneAscent Wealth Management LLC purchased a new stake in Roper Technologies during the third quarter valued at about $600,000. Cassaday & Co Wealth Management LLC grew its position in Roper Technologies by 12.0% during the third quarter. Cassaday & Co Wealth Management LLC now owns 421 shares of the industrial products company’s stock valued at $234,000 after acquiring an additional 45 shares during the period. Finally, Capital City Trust Co. FL grew its position in Roper Technologies by 2.7% during the third quarter. Capital City Trust Co. FL now owns 9,825 shares of the industrial products company’s stock valued at $5,467,000 after acquiring an additional 256 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on ROP shares. Oppenheimer reduced their price objective on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Jefferies Financial Group boosted their price objective on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Royal Bank of Canada reduced their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, Robert W. Baird boosted their price objective on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $620.80.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the sale, the director now owns 32,955 shares in the company, valued at $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.87% of the stock is currently owned by insiders.

Roper Technologies Trading Up 0.2 %

NYSE:ROP opened at $549.37 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. Roper Technologies, Inc. has a one year low of $508.22 and a one year high of $579.10. The business’s 50-day simple moving average is $552.31 and its 200 day simple moving average is $548.46. The stock has a market cap of $58.91 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 2.86 and a beta of 1.03.

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

Roper Technologies Increases Dividend

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

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.