Quotient Wealth Partners LLC Buys 116 Shares of Roper Technologies, Inc. (NYSE:ROP)

Quotient Wealth Partners LLC grew its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 18.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 758 shares of the industrial products company’s stock after buying an additional 116 shares during the period. Quotient Wealth Partners LLC’s holdings in Roper Technologies were worth $422,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ROP. Symphony Financial Ltd. Co. raised its holdings in shares of Roper Technologies by 1.5% in the first quarter. Symphony Financial Ltd. Co. now owns 1,299 shares of the industrial products company’s stock valued at $728,000 after acquiring an additional 19 shares in the last quarter. Western Financial Corp CA raised its position in shares of Roper Technologies by 1.1% in the second quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company’s stock worth $973,000 after acquiring an additional 19 shares during the period. AMG National Trust Bank raised its holdings in Roper Technologies by 5.1% in the 2nd quarter. AMG National Trust Bank now owns 391 shares of the industrial products company’s stock worth $220,000 after purchasing an additional 19 shares during the period. Legacy Private Trust Co. lifted its position in shares of Roper Technologies by 4.4% during the 1st quarter. Legacy Private Trust Co. now owns 470 shares of the industrial products company’s stock valued at $264,000 after buying an additional 20 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its position in shares of Roper Technologies by 3.4% in the first quarter. Capital Advisors Ltd. LLC now owns 617 shares of the industrial products company’s stock valued at $346,000 after purchasing an additional 20 shares during the period. Institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ROP shares. 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 research note on Friday, August 16th. Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $617.00 to $635.00 in a research report on Thursday, July 25th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Oppenheimer cut their target price 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. Finally, Truist Financial reaffirmed a “buy” rating and issued a $660.00 price target on shares of Roper Technologies in a research report on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $616.00.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $3,251,959.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Trading Down 1.2 %

NYSE ROP opened at $539.45 on Friday. The firm’s fifty day moving average price is $545.86 and its 200 day moving average price is $545.29. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. Roper Technologies, Inc. has a 12 month low of $474.46 and a 12 month high of $579.10. The company has a market capitalization of $57.83 billion, a price-to-earnings ratio of 39.96, a price-to-earnings-growth ratio of 2.86 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last announced its earnings results 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. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. On average, sell-side analysts expect that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Tuesday, October 8th. Roper Technologies’s payout ratio is currently 22.22%.

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.