SFE Investment Counsel Grows Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

SFE Investment Counsel boosted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 1.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,879 shares of the industrial products company’s stock after buying an additional 165 shares during the quarter. SFE Investment Counsel’s holdings in Roper Technologies were worth $4,941,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ledyard National Bank grew its holdings in Roper Technologies by 2.1% in the third quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock valued at $499,000 after purchasing an additional 18 shares during the last quarter. Western Financial Corp CA boosted its position in shares of Roper Technologies by 1.1% in the 2nd quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company’s stock worth $973,000 after buying an additional 19 shares in the last quarter. AMG National Trust Bank grew its stake in Roper Technologies by 5.1% in the 2nd quarter. AMG National Trust Bank now owns 391 shares of the industrial products company’s stock valued at $220,000 after acquiring an additional 19 shares during the last quarter. Capital Advisors Ltd. LLC raised its position in Roper Technologies by 3.4% during the first quarter. Capital Advisors Ltd. LLC now owns 617 shares of the industrial products company’s stock worth $346,000 after acquiring an additional 20 shares during the last quarter. Finally, Covestor Ltd lifted its holdings 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 purchasing an additional 20 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ROP. Robert W. Baird lifted their price objective on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Truist Financial reissued a “buy” rating and issued a $665.00 price target (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Oppenheimer decreased 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. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Finally, Barclays raised their price target on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $620.80.

Roper Technologies Trading Up 0.6 %

Shares of ROP stock opened at $545.13 on Tuesday. Roper Technologies, Inc. has a 1-year low of $476.02 and a 1-year high of $579.10. The firm’s 50-day simple moving average is $551.17 and its 200-day simple moving average is $545.55. The firm has a market cap of $58.45 billion, a P/E ratio of 39.88, a PEG ratio of 2.83 and a beta of 1.02. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the business earned $4.32 EPS. Roper Technologies’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities analysts forecast that Roper Technologies, Inc. will post 18.23 EPS for the current year.

Roper Technologies Announces Dividend

The company also recently declared 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. The ex-dividend date was Tuesday, October 8th. This represents a $3.00 annualized dividend and a yield of 0.55%. Roper Technologies’s dividend payout ratio is presently 21.95%.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was 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 in the company, valued at approximately $18,125,250. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is currently owned by insiders.

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.