ProShare Advisors LLC Buys 6,338 Shares of Roper Technologies, Inc. (NYSE:ROP)

ProShare Advisors LLC increased its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 453,081 shares of the industrial products company’s stock after acquiring an additional 6,338 shares during the quarter. Roper Technologies makes up 0.7% of ProShare Advisors LLC’s investment portfolio, making the stock its 20th largest position. ProShare Advisors LLC owned approximately 0.42% of Roper Technologies worth $255,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Symphony Financial Ltd. Co. grew its position in Roper Technologies by 1.5% during the 1st quarter. Symphony Financial Ltd. Co. now owns 1,299 shares of the industrial products company’s stock worth $728,000 after acquiring an additional 19 shares during the last quarter. Western Financial Corp CA lifted its holdings 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 worth $973,000 after buying an additional 19 shares during the period. AMG National Trust Bank lifted its holdings 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 worth $220,000 after buying an additional 19 shares during the period. Legacy Private Trust Co. lifted its holdings 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 worth $264,000 after buying an additional 20 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its holdings 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 worth $346,000 after buying an additional 20 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Royal Bank of Canada increased their price objective on Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Truist Financial reiterated a “buy” rating and issued a $660.00 price objective on shares of Roper Technologies in a report on Tuesday, August 27th. Robert W. Baird upgraded Roper Technologies from a “neutral” rating to an “outperform” rating and raised their target price for the company from $617.00 to $635.00 in a research note on Thursday, July 25th. Finally, Wolfe Research cut Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $616.00.

Insiders Place Their Bets

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction 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 approximately $3,251,959.06. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Stock Down 0.5 %

Shares of NYSE:ROP opened at $558.04 on Friday. The stock has a fifty day simple moving average of $547.91 and a two-hundred day simple moving average of $545.36. The stock has a market capitalization of $59.74 billion, a price-to-earnings ratio of 40.50, a PEG ratio of 2.92 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 current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38.

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

Roper Technologies Announces Dividend

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

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.