75 Shares in Roper Technologies, Inc. (NYSE:ROP) Bought by Kimelman & Baird LLC

Kimelman & Baird LLC purchased a new stake in shares of Roper Technologies, Inc. (NYSE:ROP) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 75 shares of the industrial products company’s stock, valued at approximately $42,000.

Several other institutional investors have also recently bought and sold shares of the business. Aveo Capital Partners LLC lifted its position in Roper Technologies by 9.5% in the 4th quarter. Aveo Capital Partners LLC now owns 474 shares of the industrial products company’s stock valued at $258,000 after acquiring an additional 41 shares in the last quarter. 9258 Wealth Management LLC lifted its holdings in shares of Roper Technologies by 11.5% in the fourth quarter. 9258 Wealth Management LLC now owns 1,857 shares of the industrial products company’s stock valued at $1,012,000 after purchasing an additional 192 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of Roper Technologies by 4.3% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 4,594 shares of the industrial products company’s stock valued at $2,504,000 after buying an additional 191 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in Roper Technologies by 9.9% during the fourth quarter. Jones Financial Companies Lllp now owns 334 shares of the industrial products company’s stock worth $182,000 after buying an additional 30 shares in the last quarter. Finally, CWA Asset Management Group LLC purchased a new stake in Roper Technologies in the 4th quarter valued at $360,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Trading Up 0.5 %

Shares of Roper Technologies stock opened at $556.44 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. The stock has a market capitalization of $59.56 billion, a P/E ratio of 40.38, a P/E/G ratio of 2.89 and a beta of 1.02. Roper Technologies, Inc. has a 52-week low of $474.46 and a 52-week high of $579.10. The stock’s 50-day simple moving average is $546.08 and its 200 day simple moving average is $545.55.

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

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Tuesday, October 8th. Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%.

Insider Activity at Roper Technologies

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 stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the transaction, the director now owns 5,909 shares in the company, valued at approximately $3,251,959.06. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.87% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ROP has been the subject of several recent analyst reports. Wolfe Research lowered shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Truist Financial reissued a “buy” rating and set a $660.00 target price on shares of Roper Technologies in a research report on Tuesday, August 27th. Barclays upped their target price on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Royal Bank of Canada lifted their price target on Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Finally, Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Four 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $616.00.

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.