577 Shares in Roper Technologies, Inc. (NYSE:ROP) Purchased by Ted Buchan & Co

Ted Buchan & Co acquired a new position in shares of Roper Technologies, Inc. (NYSE:ROP) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 577 shares of the industrial products company’s stock, valued at approximately $325,000.

Other large investors have also added to or reduced their stakes in the company. New Covenant Trust Company N.A. purchased a new stake in Roper Technologies during the first quarter worth about $25,000. Rise Advisors LLC bought a new position in Roper Technologies during the first quarter worth about $27,000. Fairscale Capital LLC bought a new position in Roper Technologies during the second quarter worth about $28,000. OFI Invest Asset Management bought a new position in Roper Technologies during the first quarter worth about $29,000. Finally, Versant Capital Management Inc boosted its position in Roper Technologies by 58.8% during the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 20 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

ROP has been the subject of a number of research reports. 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. Robert W. Baird upgraded shares of Roper Technologies from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $617.00 to $635.00 in a research report on Thursday, July 25th. Jefferies Financial Group increased their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Barclays raised their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Finally, Wolfe Research lowered shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $616.00.

Insider Buying and Selling

In related news, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction on Friday, July 26th. The shares were sold at an average price of $550.34, for a total value of $77,047.60. Following the sale, the director now owns 5,909 shares in the company, valued at $3,251,959.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.87% of the stock is owned by insiders.

Roper Technologies Trading Up 0.5 %

ROP stock opened at $556.44 on Tuesday. The company has a market capitalization of $59.56 billion, a PE ratio of 40.38, a price-to-earnings-growth ratio of 2.89 and a beta of 1.02. Roper Technologies, Inc. has a one year low of $474.46 and a one year high of $579.10. The company’s 50 day moving average price is $546.08 and its two-hundred day moving average price is $545.55. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, topping the consensus estimate of $4.46 by $0.02. The firm had revenue of $1.72 billion for 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%. As a group, analysts predict that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Tuesday, October 8th. Roper Technologies’s dividend payout ratio (DPR) is presently 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.