EP Wealth Advisors LLC Buys 78 Shares of Roper Technologies, Inc. (NYSE:ROP)

EP Wealth Advisors LLC raised its stake in Roper Technologies, Inc. (NYSE:ROP) by 15.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 570 shares of the industrial products company’s stock after purchasing an additional 78 shares during the period. EP Wealth Advisors LLC’s holdings in Roper Technologies were worth $321,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ROP. Belpointe Asset Management LLC acquired a new position in Roper Technologies in the 4th quarter valued at $290,000. Cetera Advisor Networks LLC grew its stake in shares of Roper Technologies by 4.3% in the fourth quarter. Cetera Advisor Networks LLC now owns 8,536 shares of the industrial products company’s stock valued at $4,653,000 after acquiring an additional 348 shares in the last quarter. 1832 Asset Management L.P. increased its position in Roper Technologies by 23.7% during the fourth quarter. 1832 Asset Management L.P. now owns 25,950 shares of the industrial products company’s stock worth $14,147,000 after acquiring an additional 4,980 shares during the period. Public Employees Retirement Association of Colorado increased its position in Roper Technologies by 27.8% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 15,923 shares of the industrial products company’s stock worth $8,681,000 after acquiring an additional 3,459 shares during the period. Finally, Exencial Wealth Advisors LLC acquired a new stake in Roper Technologies in the 4th quarter worth about $217,000. 93.31% of the stock is owned by institutional investors.

Roper Technologies Stock Down 0.7 %

Shares of NYSE ROP opened at $544.86 on Friday. The stock has a 50-day moving average price of $546.04 and a two-hundred day moving average price of $545.61. 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. The company has a market cap of $58.32 billion, a price-to-earnings ratio of 39.54, a PEG ratio of 2.90 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.72 billion. As a group, analysts forecast that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Tuesday, October 8th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Tuesday, October 8th. Roper Technologies’s dividend payout ratio (DPR) is 21.77%.

Insider Buying and Selling

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the 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 directly owns 5,909 shares in the company, valued at approximately $3,251,959.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ROP. Wolfe Research cut shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Royal Bank of Canada increased their target price on Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Barclays boosted their price target on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Finally, Oppenheimer reduced their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $616.00.

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.