Versant Capital Management Inc Acquires 33 Shares of Roper Technologies, Inc. (NYSE:ROP)

Versant Capital Management Inc raised its holdings in Roper Technologies, Inc. (NYSE:ROP) by 40.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114 shares of the industrial products company’s stock after acquiring an additional 33 shares during the period. Versant Capital Management Inc’s holdings in Roper Technologies were worth $59,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ROP. Private Advisor Group LLC lifted its stake in Roper Technologies by 5.3% in the 2nd quarter. Private Advisor Group LLC now owns 5,409 shares of the industrial products company’s stock valued at $3,049,000 after purchasing an additional 270 shares during the last quarter. Candriam S.C.A. lifted its stake in shares of Roper Technologies by 17.6% in the 2nd quarter. Candriam S.C.A. now owns 23,263 shares of the industrial products company’s stock valued at $13,112,000 after acquiring an additional 3,487 shares during the last quarter. Savant Capital LLC grew its position in Roper Technologies by 63.8% during the 2nd quarter. Savant Capital LLC now owns 994 shares of the industrial products company’s stock worth $560,000 after acquiring an additional 387 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Roper Technologies during the 2nd quarter worth $200,000. Finally, Hahn Capital Management LLC increased its holdings in Roper Technologies by 33.2% in the 2nd quarter. Hahn Capital Management LLC now owns 11,792 shares of the industrial products company’s stock worth $6,647,000 after purchasing an additional 2,942 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

ROP stock opened at $514.64 on Monday. The firm has a market cap of $55.18 billion, a PE ratio of 37.65, a price-to-earnings-growth ratio of 2.84 and a beta of 1.04. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average price of $546.65 and a 200-day moving average price of $549.31. Roper Technologies, Inc. has a 1-year low of $508.22 and a 1-year high of $580.09.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $4.32 earnings per share. As a group, equities research analysts expect that Roper Technologies, Inc. will post 18.26 earnings per share for the current year.

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.64%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. Roper Technologies’s dividend payout ratio (DPR) is presently 24.14%.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the transaction, the director now owns 32,955 shares in the company, valued at approximately $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ROP. Oppenheimer began coverage on Roper Technologies in a report on Monday, December 23rd. They set an “outperform” rating and a $630.00 price target on the stock. Mizuho upped their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Royal Bank of Canada cut their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Robert W. Baird increased their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Barclays reaffirmed an “underweight” rating and set a $569.00 target price (down from $625.00) on shares of Roper Technologies in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $624.11.

Roper Technologies Company 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.