Westwind Capital Has $103,000 Stake in Roper Technologies, Inc. (NYSE:ROP)

Westwind Capital lowered its holdings in Roper Technologies, Inc. (NYSE:ROP) by 90.5% in the third quarter, Holdings Channel.com reports. The firm owned 185 shares of the industrial products company’s stock after selling 1,758 shares during the period. Westwind Capital’s holdings in Roper Technologies were worth $103,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Quotient Wealth Partners LLC increased its stake in Roper Technologies by 18.1% in the 3rd quarter. Quotient Wealth Partners LLC now owns 758 shares of the industrial products company’s stock valued at $422,000 after buying an additional 116 shares during the period. Mountain Pacific Investment Advisers LLC increased its stake in shares of Roper Technologies by 1.3% in the third quarter. Mountain Pacific Investment Advisers LLC now owns 86,813 shares of the industrial products company’s stock worth $48,306,000 after acquiring an additional 1,078 shares during the last quarter. CWM LLC raised its holdings in shares of Roper Technologies by 18.6% during the third quarter. CWM LLC now owns 3,584 shares of the industrial products company’s stock worth $1,994,000 after acquiring an additional 563 shares in the last quarter. Peddock Capital Advisors LLC boosted its position in Roper Technologies by 1.4% during the third quarter. Peddock Capital Advisors LLC now owns 5,392 shares of the industrial products company’s stock valued at $3,000,000 after purchasing an additional 72 shares during the last quarter. Finally, Marquette Asset Management LLC purchased a new position in Roper Technologies in the third quarter valued at about $236,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the sale, the director now directly owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ROP has been the subject of several recent research reports. Oppenheimer lowered their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Royal Bank of Canada lifted their price objective on shares of Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Wolfe Research downgraded shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Barclays upped their price target on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Finally, Truist Financial restated a “buy” rating and issued a $660.00 target price on shares of Roper Technologies in a report on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $616.00.

Roper Technologies Price Performance

Shares of Roper Technologies stock opened at $539.45 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. The company has a market cap of $57.83 billion, a PE ratio of 39.96, a price-to-earnings-growth ratio of 2.86 and a beta of 1.02. The firm has a fifty day moving average price of $545.77 and a two-hundred day moving average price of $545.25. Roper Technologies, Inc. has a fifty-two week low of $474.46 and a fifty-two week high of $579.10.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. Analysts expect that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Tuesday, October 8th. Roper Technologies’s dividend payout ratio is 22.22%.

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.