Marco Investment Management LLC Raises Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Marco Investment Management LLC lifted its stake in Roper Technologies, Inc. (NYSE:ROP) by 0.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 9,096 shares of the industrial products company’s stock after buying an additional 85 shares during the quarter. Marco Investment Management LLC’s holdings in Roper Technologies were worth $5,061,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Hartford Funds Management Co LLC boosted its position in Roper Technologies by 4.3% during the 3rd quarter. Hartford Funds Management Co LLC now owns 711 shares of the industrial products company’s stock valued at $396,000 after acquiring an additional 29 shares in the last quarter. Capital Investment Counsel LLC lifted its stake in shares of Roper Technologies by 7.1% in the 3rd quarter. Capital Investment Counsel LLC now owns 12,314 shares of the industrial products company’s stock valued at $6,852,000 after purchasing an additional 820 shares during the period. Centaurus Financial Inc. boosted its position in shares of Roper Technologies by 17.9% during the third quarter. Centaurus Financial Inc. now owns 1,081 shares of the industrial products company’s stock valued at $602,000 after purchasing an additional 164 shares in the last quarter. Kingsview Wealth Management LLC grew its stake in Roper Technologies by 10.8% in the third quarter. Kingsview Wealth Management LLC now owns 513 shares of the industrial products company’s stock worth $285,000 after purchasing an additional 50 shares during the period. Finally, Cerity Partners LLC raised its holdings in Roper Technologies by 6.8% in the third quarter. Cerity Partners LLC now owns 59,092 shares of the industrial products company’s stock worth $32,881,000 after purchasing an additional 3,781 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

ROP has been the topic of a number of recent research reports. Robert W. Baird upped their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Mizuho upped their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Truist Financial reiterated a “buy” rating and set a $665.00 target price (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Jefferies Financial Group upped their price target on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Royal Bank of Canada lowered their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Three 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $620.80.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $560.14 on Friday. The firm has a market cap of $60.06 billion, a P/E ratio of 40.98, a PEG ratio of 2.89 and a beta of 1.03. Roper Technologies, Inc. has a twelve month low of $508.22 and a twelve month high of $579.10. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The company has a 50 day moving average of $552.43 and a 200 day moving average of $549.23.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. Roper Technologies’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.32 EPS. As a group, research analysts expect that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a dividend of $0.825 per share. This is an increase 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 dividend on an annualized basis and a yield of 0.59%. Roper Technologies’s dividend payout ratio is 21.95%.

Insider Buying and Selling

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

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.