Kirtland Hills Capital Management LLC Has $1.78 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Kirtland Hills Capital Management LLC boosted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 6.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,203 shares of the industrial products company’s stock after purchasing an additional 193 shares during the quarter. Roper Technologies accounts for about 0.8% of Kirtland Hills Capital Management LLC’s portfolio, making the stock its 26th largest holding. Kirtland Hills Capital Management LLC’s holdings in Roper Technologies were worth $1,782,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. New Covenant Trust Company N.A. purchased a new position in shares of Roper Technologies during the 1st quarter valued at $25,000. Fairscale Capital LLC purchased a new position in shares of Roper Technologies in the 2nd quarter valued at approximately $28,000. Fortitude Family Office LLC bought a new position in shares of Roper Technologies during the third quarter valued at approximately $28,000. Versant Capital Management Inc raised its holdings in Roper Technologies by 58.8% in 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. purchased a new position in shares of Roper Technologies during the second quarter valued at approximately $31,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ROP has been the subject of a number of recent research reports. Truist Financial reissued a “buy” rating and issued a $665.00 target price (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Royal Bank of Canada dropped their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Oppenheimer cut their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Finally, Robert W. Baird upped their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $620.80.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.87% of the stock is currently owned by insiders.

Roper Technologies Stock Down 0.3 %

Shares of ROP stock opened at $547.96 on Wednesday. Roper Technologies, Inc. has a twelve month low of $508.22 and a twelve month high of $579.10. The stock’s 50 day simple moving average is $552.22 and its 200 day simple moving average is $548.68. The company has a market capitalization of $58.76 billion, a price-to-earnings ratio of 40.08, a PEG ratio of 2.86 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48.

Roper Technologies (NYSE:ROP) last posted its 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 analysts’ expectations of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. Roper Technologies’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.32 earnings per share. As a group, research analysts predict that Roper Technologies, Inc. will post 18.24 EPS for the current year.

Roper Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a dividend of $0.825 per share. 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 0.60%. The ex-dividend date is Friday, January 3rd. Roper Technologies’s dividend payout ratio (DPR) is presently 21.95%.

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.