7,818 Shares in Roper Technologies, Inc. (NYSE:ROP) Purchased by Prospera Private Wealth LLC

Prospera Private Wealth LLC acquired a new stake in Roper Technologies, Inc. (NYSE:ROP) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 7,818 shares of the industrial products company’s stock, valued at approximately $4,350,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ROP. American Century Companies Inc. boosted its stake in shares of Roper Technologies by 24.4% in the second quarter. American Century Companies Inc. now owns 605,769 shares of the industrial products company’s stock valued at $341,448,000 after buying an additional 118,971 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Roper Technologies by 4.0% during 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 purchasing an additional 102,199 shares during the period. Bank of Montreal Can increased 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 valued at $192,176,000 after purchasing an additional 80,255 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Roper Technologies by 95.1% in the 2nd quarter. SG Americas Securities LLC now owns 161,834 shares of the industrial products company’s stock valued at $91,219,000 after purchasing an additional 78,870 shares in the last quarter. Finally, Swedbank AB purchased a new position in Roper Technologies in the first quarter valued at about $43,851,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Royal Bank of Canada dropped their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Robert W. Baird upped their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Mizuho lifted their target price on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, Truist Financial restated a “buy” rating and issued a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Three investment 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $620.80.

Roper Technologies Trading Down 0.3 %

ROP opened at $547.96 on Wednesday. The firm has a market capitalization of $58.76 billion, a P/E ratio of 40.08, a P/E/G ratio of 2.86 and a beta of 1.03. The firm’s 50 day moving average is $552.22 and its 200-day moving average is $548.68. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a 52-week low of $508.22 and a 52-week high of $579.10.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.32 EPS. Analysts expect that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Friday, January 3rd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio (DPR) is 21.95%.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 1,000 shares of the firm’s stock in a transaction that occurred on 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 approximately $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.87% of the stock is owned by company insiders.

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.