Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by RDA Financial Network

RDA Financial Network boosted its stake in Roper Technologies, Inc. (NYSE:ROP) by 17.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,028 shares of the industrial products company’s stock after purchasing an additional 304 shares during the period. RDA Financial Network’s holdings in Roper Technologies were worth $1,128,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. New Covenant Trust Company N.A. acquired a new position in Roper Technologies during the 1st quarter worth approximately $25,000. Rise Advisors LLC purchased a new position in Roper Technologies in the first quarter worth $27,000. Fairscale Capital LLC purchased a new position in Roper Technologies in the second quarter worth $28,000. OFI Invest Asset Management purchased a new stake in shares of Roper Technologies during the 1st quarter worth $29,000. Finally, Versant Capital Management Inc grew its stake in shares of Roper Technologies by 58.8% during the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 20 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Roper Technologies

In other news, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the completion of the sale, the director now directly owns 5,909 shares in the company, valued at $3,251,959.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.87% of the stock is owned by company insiders.

Roper Technologies Trading Up 0.3 %

ROP traded up $1.39 during trading on Tuesday, hitting $555.22. The company’s stock had a trading volume of 182,038 shares, compared to its average volume of 497,383. Roper Technologies, Inc. has a twelve month low of $474.46 and a twelve month high of $579.10. The firm’s 50 day moving average price is $546.80 and its 200-day moving average price is $545.04. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. The stock has a market cap of $59.52 billion, a PE ratio of 41.02, a PEG ratio of 2.83 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, beating the consensus estimate of $4.46 by $0.02. The firm had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. On average, analysts expect that Roper Technologies, Inc. will post 18.16 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Tuesday, October 8th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.54%. The ex-dividend date is Tuesday, October 8th. Roper Technologies’s dividend payout ratio (DPR) is 22.22%.

Analysts Set New Price Targets

Several brokerages have weighed in on ROP. Barclays upped their target price on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $617.00 to $635.00 in a report on Thursday, July 25th. Oppenheimer dropped their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Royal Bank of Canada raised their target price on shares of Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $616.00.

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.