Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Cerity Partners LLC

Cerity Partners LLC grew its position in Roper Technologies, Inc. (NYSE:ROP) by 6.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,092 shares of the industrial products company’s stock after acquiring an additional 3,781 shares during the quarter. Cerity Partners LLC’s holdings in Roper Technologies were worth $32,881,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. New Covenant Trust Company N.A. acquired a new stake in Roper Technologies during the 1st quarter worth $25,000. Fairscale Capital LLC purchased a new stake in shares of Roper Technologies in the second quarter valued at about $28,000. Fortitude Family Office LLC acquired a new stake in shares of Roper Technologies during the third quarter worth about $28,000. Versant Capital Management Inc grew its holdings in shares of Roper Technologies by 58.8% during the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after buying an additional 20 shares during the last quarter. Finally, Valley Wealth Managers Inc. acquired a new position in Roper Technologies in the 2nd quarter valued at about $31,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ROP has been the subject of a number of recent research reports. Robert W. Baird increased 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. Mizuho lifted their price objective 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. Royal Bank of Canada dropped their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Jefferies Financial Group raised their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Truist Financial reiterated a “buy” rating and set a $665.00 price target (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Three equities 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $620.80.

Roper Technologies Stock Performance

Shares of ROP opened at $560.14 on Monday. The company has a market capitalization of $60.06 billion, a PE ratio of 31.33, a P/E/G ratio of 2.93 and a beta of 1.03. Roper Technologies, Inc. has a 52-week low of $508.22 and a 52-week high of $579.10. The company has a 50-day simple moving average of $552.43 and a 200-day simple moving average of $549.43. 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 (NYSE:ROP) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the firm earned $4.32 EPS. Equities research analysts predict that Roper Technologies, Inc. will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The company 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. The ex-dividend date is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio (DPR) is currently 21.95%.

Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the 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 sale, the director now directly owns 32,955 shares in the company, valued at $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.87% of the company’s stock.

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.