Brooklyn Investment Group Has $466,000 Position in Roper Technologies, Inc. (NYSE:ROP)

Brooklyn Investment Group grew its holdings in Roper Technologies, Inc. (NYSE:ROP) by 6.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 837 shares of the industrial products company’s stock after purchasing an additional 53 shares during the quarter. Brooklyn Investment Group’s holdings in Roper Technologies were worth $466,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new position in Roper Technologies in the first quarter worth $25,000. Fairscale Capital LLC bought a new stake in shares of Roper Technologies during the second quarter worth $28,000. Fortitude Family Office LLC bought a new stake in shares of Roper Technologies during the third quarter worth $28,000. Versant Capital Management Inc raised its position 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 acquiring an additional 20 shares during the last quarter. Finally, Valley Wealth Managers Inc. bought a new stake in shares of Roper Technologies during the second quarter worth $31,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

ROP has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their price objective on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a report on Friday, August 16th. Truist Financial reiterated a “buy” rating and issued a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Robert W. Baird upped their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Mizuho increased their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada lowered their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $620.80.

Roper Technologies Stock Performance

Shares of NYSE ROP opened at $561.89 on Wednesday. The stock has a 50 day moving average price of $552.66 and a 200 day moving average price of $549.94. Roper Technologies, Inc. has a 52 week low of $508.22 and a 52 week high of $579.10. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The stock has a market capitalization of $60.25 billion, a PE ratio of 31.20, a price-to-earnings-growth ratio of 2.91 and a beta of 1.03.

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

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be issued a $0.825 dividend. The ex-dividend date is Friday, January 3rd. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 0.59%. Roper Technologies’s payout ratio is currently 21.95%.

Insider Activity

In other news, Director Richard F. Wallman sold 1,000 shares of the business’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 value of $550,000.00. Following the completion of the transaction, the director now directly owns 32,955 shares in the company, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

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.