Bleakley Financial Group LLC Purchases 51 Shares of Roper Technologies, Inc. (NYSE:ROP)

Bleakley Financial Group LLC lifted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 2.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,314 shares of the industrial products company’s stock after purchasing an additional 51 shares during the period. Bleakley Financial Group LLC’s holdings in Roper Technologies were worth $1,288,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Roper Technologies by 1.3% in the first quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock valued at $5,648,796,000 after buying an additional 125,387 shares during the period. American Century Companies Inc. grew its holdings in shares of Roper Technologies by 24.4% during the 2nd quarter. American Century Companies Inc. now owns 605,769 shares of the industrial products company’s stock worth $341,448,000 after purchasing an additional 118,971 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Roper Technologies by 4.0% during the second 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 purchasing an additional 102,199 shares during the period. Bank of Montreal Can raised its stake in shares of Roper Technologies by 31.0% in the second quarter. Bank of Montreal Can now owns 338,887 shares of the industrial products company’s stock valued at $192,176,000 after purchasing an additional 80,255 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Roper Technologies by 95.1% in the second quarter. SG Americas Securities LLC now owns 161,834 shares of the industrial products company’s stock worth $91,219,000 after purchasing an additional 78,870 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insiders Place Their Bets

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the transaction, the director now owns 5,909 shares of the company’s stock, valued at $3,251,959.06. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Barclays increased their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Jefferies Financial Group boosted their target price on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Royal Bank of Canada raised their price objective on shares of Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Truist Financial restated a “buy” rating and issued a $660.00 price objective on shares of Roper Technologies in a research report on Tuesday, August 27th. Finally, Mizuho lifted their target price on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $619.50.

Roper Technologies Price Performance

Shares of NYSE:ROP opened at $557.62 on Monday. Roper Technologies, Inc. has a one year low of $474.46 and a one year high of $579.10. The company has a market cap of $59.69 billion, a price-to-earnings ratio of 40.47, a PEG ratio of 2.90 and a beta of 1.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. The firm has a 50 day simple moving average of $549.91 and a 200 day simple moving average of $545.28.

Roper Technologies (NYSE:ROP) last announced its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, beating the consensus estimate of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Research 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 disclosed 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 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Tuesday, October 8th. Roper Technologies’s dividend payout ratio (DPR) is 21.77%.

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.