Bogart Wealth LLC Purchases 121 Shares of Roper Technologies, Inc. (NYSE:ROP)

Bogart Wealth LLC increased its holdings in Roper Technologies, Inc. (NYSE:ROP) by 0.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,938 shares of the industrial products company’s stock after purchasing an additional 121 shares during the quarter. Bogart Wealth LLC’s holdings in Roper Technologies were worth $7,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC increased its stake in shares of Roper Technologies by 59,642.3% during the third quarter. International Assets Investment Management LLC now owns 62,132 shares of the industrial products company’s stock valued at $34,573,000 after buying an additional 62,028 shares during the period. Commerzbank Aktiengesellschaft FI purchased a new position in Roper Technologies during the 3rd quarter valued at $226,000. GAM Holding AG raised its holdings in Roper Technologies by 1.4% in the 3rd quarter. GAM Holding AG now owns 5,651 shares of the industrial products company’s stock worth $3,145,000 after purchasing an additional 79 shares in the last quarter. Segment Wealth Management LLC lifted its position in shares of Roper Technologies by 1.4% in the 3rd quarter. Segment Wealth Management LLC now owns 18,706 shares of the industrial products company’s stock worth $10,409,000 after purchasing an additional 256 shares during the period. Finally, Pictet North America Advisors SA boosted its stake in shares of Roper Technologies by 11.4% during the 3rd quarter. Pictet North America Advisors SA now owns 401 shares of the industrial products company’s stock valued at $223,000 after purchasing an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Up 1.0 %

Roper Technologies stock traded up $5.26 during trading hours on Thursday, hitting $548.20. The stock had a trading volume of 110,036 shares, compared to its average volume of 495,318. The stock’s 50-day moving average price is $551.48 and its 200-day moving average price is $545.46. The stock has a market capitalization of $58.77 billion, a P/E ratio of 40.57, a price-to-earnings-growth ratio of 2.89 and a beta of 1.02. Roper Technologies, Inc. has a 12-month low of $474.46 and a 12-month high of $579.10. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38.

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

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Tuesday, October 8th. Roper Technologies’s dividend payout ratio is currently 22.22%.

Insider Activity

In related news, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the sale, the director now directly owns 5,909 shares in the company, valued at approximately $3,251,959.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ROP. Barclays increased their price target on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Royal Bank of Canada raised their target price on Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Truist Financial reaffirmed a “buy” rating and issued a $665.00 price target (up from $660.00) on shares of Roper Technologies in a research note on Thursday. Mizuho boosted their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Three 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $621.70.

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.