Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Smith Salley Wealth Management

Smith Salley Wealth Management boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 34,385 shares of the industrial products company’s stock after purchasing an additional 838 shares during the period. Roper Technologies makes up about 1.3% of Smith Salley Wealth Management’s portfolio, making the stock its 25th biggest position. Smith Salley Wealth Management’s holdings in Roper Technologies were worth $19,133,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in ROP. Vanguard Group Inc. grew its stake in shares of Roper Technologies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock worth $5,648,796,000 after purchasing an additional 125,387 shares during the period. Principal Financial Group Inc. lifted its position 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 valued at $1,512,813,000 after buying an additional 102,199 shares in the last quarter. Mackenzie Financial Corp grew its stake in Roper Technologies by 3.1% in the 2nd quarter. Mackenzie Financial Corp now owns 1,119,023 shares of the industrial products company’s stock valued at $630,749,000 after acquiring an additional 33,544 shares during the period. Legal & General Group Plc raised its position in Roper Technologies by 7.6% during the second quarter. Legal & General Group Plc now owns 914,499 shares of the industrial products company’s stock worth $515,467,000 after acquiring an additional 64,565 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Roper Technologies by 4.4% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 805,757 shares of the industrial products company’s stock valued at $451,901,000 after purchasing an additional 33,780 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ROP. 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. Barclays lifted their price target on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Robert W. Baird increased their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday. Truist Financial reaffirmed a “buy” rating and set a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday. Finally, Oppenheimer dropped their target price on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $620.80.

Roper Technologies Trading Down 0.0 %

Shares of Roper Technologies stock opened at $542.00 on Friday. The stock has a 50 day moving average of $551.26 and a 200 day moving average of $545.44. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. The firm has a market capitalization of $58.10 billion, a price-to-earnings ratio of 40.15, a PEG ratio of 2.89 and a beta of 1.02. Roper Technologies, Inc. has a fifty-two week low of $474.46 and a fifty-two week high of $579.10.

Roper Technologies (NYSE:ROP) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating the consensus estimate of $4.53 by $0.09. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the firm earned $4.32 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, research analysts predict that Roper Technologies, Inc. will post 18.16 earnings per share for the current 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 given a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. Roper Technologies’s dividend payout ratio is presently 22.22%.

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.