Captrust Financial Advisors Trims Position in Roper Technologies, Inc. (NYSE:ROP)

Captrust Financial Advisors lowered its stake in Roper Technologies, Inc. (NYSE:ROP) by 1.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,760 shares of the industrial products company’s stock after selling 151 shares during the period. Captrust Financial Advisors’ holdings in Roper Technologies were worth $5,431,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ROP. Fairscale Capital LLC purchased a new stake in Roper Technologies in the second quarter worth about $28,000. Fortitude Family Office LLC bought a new stake in shares of Roper Technologies during the third quarter valued at approximately $28,000. Versant Capital Management Inc grew its stake in Roper Technologies by 58.8% in the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 20 shares during the period. Valley Wealth Managers Inc. purchased a new position in Roper Technologies during the second quarter valued at $31,000. Finally, Global Wealth Strategies & Associates bought a new stake in shares of Roper Technologies during the 3rd quarter valued at $37,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction 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. This represents a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ROP shares. Mizuho increased their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird lifted their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Royal Bank of Canada cut their price target 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. Jefferies Financial Group lifted their price objective on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, 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 note on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $620.80.

Roper Technologies Price Performance

NYSE ROP opened at $568.63 on Tuesday. Roper Technologies, Inc. has a one year low of $508.22 and a one year high of $579.10. The stock has a 50-day moving average of $553.18 and a 200 day moving average of $550.80. 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 company has a market capitalization of $60.97 billion, a price-to-earnings ratio of 41.60, a PEG ratio of 2.96 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $1.72 billion. During the same period in the previous year, the company earned $4.32 earnings per share. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. On average, sell-side analysts forecast that Roper Technologies, Inc. will post 18.24 EPS for the current year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a $0.825 dividend. The ex-dividend date is Friday, January 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s payout ratio is presently 21.95%.

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.