International Assets Investment Management LLC Raises Position in Roper Technologies, Inc. (NYSE:ROP)

International Assets Investment Management LLC grew its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 59,642.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 62,132 shares of the industrial products company’s stock after acquiring an additional 62,028 shares during the period. International Assets Investment Management LLC owned about 0.06% of Roper Technologies worth $34,573,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ROP. New Covenant Trust Company N.A. purchased a new stake in Roper Technologies in the first quarter worth $25,000. Fairscale Capital LLC purchased a new stake in shares of Roper Technologies in the 2nd quarter worth about $28,000. Versant Capital Management Inc increased 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 worth $30,000 after acquiring an additional 20 shares in the last quarter. Valley Wealth Managers Inc. bought a new position in shares of Roper Technologies in the 2nd quarter worth about $31,000. Finally, Covestor Ltd lifted its position in Roper Technologies by 50.0% during the 1st quarter. Covestor Ltd now owns 60 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 20 shares during the period. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Price Performance

ROP opened at $545.13 on Tuesday. The company’s 50-day simple moving average is $551.17 and its two-hundred day simple moving average is $545.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The stock has a market capitalization of $58.45 billion, a P/E ratio of 39.88, a P/E/G ratio of 2.83 and a beta of 1.02. Roper Technologies, Inc. has a 52-week low of $476.02 and a 52-week high of $579.10.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.53 by $0.09. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company posted $4.32 earnings per share. As a group, analysts predict that Roper Technologies, Inc. will post 18.23 EPS for the current year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Tuesday, October 8th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Tuesday, October 8th. Roper Technologies’s dividend payout ratio (DPR) is presently 21.95%.

Analyst Ratings Changes

ROP has been the subject of a number of analyst reports. Oppenheimer decreased their target price on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Barclays lifted their price objective on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Mizuho increased their target price on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Jefferies Financial Group lifted their price target on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Truist Financial reissued a “buy” rating and set a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. 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. Based on data from MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $620.80.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the sale, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is owned by corporate insiders.

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.