Profund Advisors LLC Raises Stake in Roper Technologies, Inc. (NYSE:ROP)

Profund Advisors LLC increased its stake in Roper Technologies, Inc. (NYSE:ROP) by 0.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 9,935 shares of the industrial products company’s stock after buying an additional 36 shares during the quarter. Profund Advisors LLC’s holdings in Roper Technologies were worth $5,600,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Symphony Financial Ltd. Co. boosted its holdings in shares of Roper Technologies by 1.5% in the 1st quarter. Symphony Financial Ltd. Co. now owns 1,299 shares of the industrial products company’s stock worth $728,000 after buying an additional 19 shares during the last quarter. Western Financial Corp CA raised its stake in Roper Technologies by 1.1% in the 2nd quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company’s stock valued at $973,000 after acquiring an additional 19 shares during the period. AMG National Trust Bank raised its stake in Roper Technologies by 5.1% in the 2nd quarter. AMG National Trust Bank now owns 391 shares of the industrial products company’s stock valued at $220,000 after acquiring an additional 19 shares during the period. Legacy Private Trust Co. raised its stake in Roper Technologies by 4.4% in the 1st quarter. Legacy Private Trust Co. now owns 470 shares of the industrial products company’s stock valued at $264,000 after acquiring an additional 20 shares during the period. Finally, Capital Advisors Ltd. LLC raised its stake in Roper Technologies by 3.4% in the 1st quarter. Capital Advisors Ltd. LLC now owns 617 shares of the industrial products company’s stock valued at $346,000 after acquiring an additional 20 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group boosted their price objective on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Oppenheimer lowered their price objective on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Barclays boosted their price objective on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Robert W. Baird upgraded Roper Technologies from a “neutral” rating to an “outperform” rating and upped their price target for the company from $617.00 to $635.00 in a research report on Thursday, July 25th. Finally, Truist Financial reiterated a “buy” rating and set a $660.00 price target on shares of Roper Technologies in a research report on Tuesday, August 27th. Four research 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $616.00.

Insiders Place Their Bets

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction that occurred on 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 owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.87% of the stock is owned by insiders.

Roper Technologies Stock Down 0.5 %

ROP stock opened at $558.04 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average is $547.91 and its 200 day moving average is $545.36. The stock has a market cap of $59.74 billion, a price-to-earnings ratio of 40.50, a price-to-earnings-growth ratio of 2.92 and a beta of 1.02. Roper Technologies, Inc. has a 1-year low of $474.46 and a 1-year high of $579.10.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, topping the consensus estimate of $4.46 by $0.02. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. Sell-side analysts predict that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.54%. The ex-dividend date of this dividend is Tuesday, October 8th. Roper Technologies’s dividend payout ratio is currently 21.77%.

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.