Blue Trust Inc. Grows Position in Roper Technologies, Inc. (NYSE:ROP)

Blue Trust Inc. boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 730 shares of the industrial products company’s stock after purchasing an additional 27 shares during the period. Blue Trust Inc.’s holdings in Roper Technologies were worth $412,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new position in Roper Technologies in the first quarter valued at $25,000. Fairscale Capital LLC purchased a new position in shares of Roper Technologies in the 2nd quarter worth about $28,000. Versant Capital Management Inc lifted its stake in shares of Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 20 shares in the last quarter. Valley Wealth Managers Inc. purchased a new stake in shares of Roper Technologies during the 2nd quarter worth about $31,000. Finally, Covestor Ltd raised its holdings in Roper Technologies by 50.0% in the first quarter. Covestor Ltd now owns 60 shares of the industrial products company’s stock valued at $34,000 after buying an additional 20 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Trading Down 1.7 %

Shares of NYSE ROP opened at $542.94 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average price is $551.48 and its two-hundred day moving average price is $545.46. Roper Technologies, Inc. has a 52-week low of $474.46 and a 52-week high of $579.10. The stock has a market capitalization of $58.12 billion, a P/E ratio of 39.40, a PEG ratio of 2.92 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.46 by $0.02. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. On average, 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 declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th were given a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.55%. Roper Technologies’s payout ratio is currently 21.77%.

Analyst Ratings Changes

Several research firms have issued reports on ROP. Truist Financial reiterated a “buy” rating and set a $660.00 price objective on shares of Roper Technologies in a research note on Tuesday, August 27th. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Oppenheimer lowered their price target on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Mizuho boosted their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Jefferies Financial Group lifted their target price on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $619.50.

Insider Activity

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $550.34, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.87% of the company’s stock.

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.