Roper Technologies, Inc. (NYSE:ROP) Holdings Boosted by Venturi Wealth Management LLC

Venturi Wealth Management LLC lifted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 7.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,249 shares of the industrial products company’s stock after purchasing an additional 163 shares during the period. Venturi Wealth Management LLC’s holdings in Roper Technologies were worth $1,251,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Roper Technologies by 1.3% in the first quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock valued at $5,648,796,000 after acquiring an additional 125,387 shares during the last quarter. American Century Companies Inc. increased its stake in Roper Technologies by 24.4% during the 2nd quarter. American Century Companies Inc. now owns 605,769 shares of the industrial products company’s stock valued at $341,448,000 after purchasing an additional 118,971 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Roper Technologies by 4.0% in the 2nd quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company’s stock worth $1,512,813,000 after acquiring an additional 102,199 shares in the last quarter. Bank of Montreal Can boosted its holdings in shares of Roper Technologies by 31.0% in the 2nd quarter. Bank of Montreal Can now owns 338,887 shares of the industrial products company’s stock worth $192,176,000 after buying an additional 80,255 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Roper Technologies by 95.1% in the second quarter. SG Americas Securities LLC now owns 161,834 shares of the industrial products company’s stock worth $91,219,000 after buying an additional 78,870 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Performance

Shares of ROP stock opened at $565.14 on Tuesday. Roper Technologies, Inc. has a 12-month low of $508.22 and a 12-month high of $579.10. The company has a market cap of $60.60 billion, a price-to-earnings ratio of 41.34, a price-to-earnings-growth ratio of 2.96 and a beta of 1.03. The stock has a 50 day simple moving average of $551.46 and a 200-day simple moving average of $546.73. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter last year, the firm earned $4.32 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. On average, equities analysts forecast that Roper Technologies, Inc. will post 18.24 EPS for the current year.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a $0.825 dividend. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, January 3rd. Roper Technologies’s dividend payout ratio (DPR) is currently 24.14%.

Insider Buying and Selling

In other news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.87% of the stock is owned by company insiders.

Analyst Ratings Changes

ROP has been the topic of several recent analyst reports. Truist Financial restated a “buy” rating and issued a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Mizuho upped their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Robert W. Baird upped their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Finally, Oppenheimer cut their price target 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. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $620.80.

Roper Technologies Company 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.