Tectonic Advisors LLC Has $1.81 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Tectonic Advisors LLC lifted its position in Roper Technologies, Inc. (NYSE:ROP) by 13.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,251 shares of the industrial products company’s stock after acquiring an additional 377 shares during the period. Tectonic Advisors LLC’s holdings in Roper Technologies were worth $1,809,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new stake in Roper Technologies during the 1st quarter worth approximately $25,000. Fairscale Capital LLC acquired a new stake in shares of Roper Technologies in the second quarter valued at approximately $28,000. Versant Capital Management Inc raised its holdings in shares of Roper Technologies by 58.8% in the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 20 shares during the last quarter. Valley Wealth Managers Inc. bought a new position in shares of Roper Technologies in the second quarter valued at $31,000. Finally, Covestor Ltd grew its stake in shares of Roper Technologies by 50.0% in the first quarter. Covestor Ltd now owns 60 shares of the industrial products company’s stock valued at $34,000 after buying an additional 20 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Down 0.2 %

ROP stock opened at $542.10 on Friday. The company has a market cap of $58.11 billion, a PE ratio of 40.16, a price-to-earnings-growth ratio of 2.89 and a beta of 1.02. The business has a 50-day simple moving average of $551.48 and a 200 day simple moving average of $545.46. Roper Technologies, Inc. has a 52 week low of $474.46 and a 52 week high of $579.10. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping the consensus estimate of $4.53 by $0.09. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.32 earnings per share. Sell-side analysts anticipate that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.55%. The ex-dividend date was Tuesday, October 8th. Roper Technologies’s payout ratio is 22.22%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ROP. Oppenheimer decreased their target price on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Jefferies Financial Group boosted 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. Barclays boosted their target price on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Finally, Truist Financial reissued a “buy” rating and issued a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday. Three research 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. According to MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $620.80.

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.