Sugarloaf Wealth Management LLC Purchases 125 Shares of Roper Technologies, Inc. (NYSE:ROP)

Sugarloaf Wealth Management LLC increased its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,318 shares of the industrial products company’s stock after acquiring an additional 125 shares during the quarter. Roper Technologies comprises about 0.7% of Sugarloaf Wealth Management LLC’s portfolio, making the stock its 29th largest holding. Sugarloaf Wealth Management LLC’s holdings in Roper Technologies were worth $3,516,000 as of its most recent filing with the SEC.

Other institutional 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 1st quarter valued at $25,000. Rise Advisors LLC bought a new stake in shares of Roper Technologies in the 1st quarter valued at about $27,000. Fairscale Capital LLC purchased a new stake in Roper Technologies during the second quarter worth $28,000. Versant Capital Management Inc lifted its stake in shares of Roper Technologies by 58.8% during the 2nd 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 last quarter. Finally, OFI Invest Asset Management bought a new stake in shares of Roper Technologies in the 1st quarter valued at about $29,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Activity

In related 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 transaction of $77,047.60. Following the transaction, the director now owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.87% of the company’s stock.

Roper Technologies Price Performance

NYSE ROP traded up $1.49 during trading hours on Tuesday, hitting $539.36. 82,716 shares of the company’s stock traded hands, compared to its average volume of 496,732. Roper Technologies, Inc. has a 52-week low of $474.46 and a 52-week high of $579.10. 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 company has a market capitalization of $57.74 billion, a PE ratio of 38.96, a PEG ratio of 2.89 and a beta of 1.02. The firm’s 50-day moving average is $545.88 and its 200-day moving average is $545.38.

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 the consensus estimate of $4.46 by $0.02. The firm had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. Equities analysts forecast that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business 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 $0.75 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $3.00 annualized dividend and a yield of 0.56%. Roper Technologies’s dividend payout ratio (DPR) is currently 21.77%.

Analysts Set New Price Targets

ROP has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price objective on Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Barclays upped their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a report on Wednesday, July 10th. Jefferies Financial Group raised 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. 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. Finally, 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. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently 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.