Boomfish Wealth Group LLC Buys 248 Shares of Roper Technologies, Inc. (NYSE:ROP)

Boomfish Wealth Group LLC increased its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 10.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,589 shares of the industrial products company’s stock after buying an additional 248 shares during the quarter. Boomfish Wealth Group LLC’s holdings in Roper Technologies were worth $1,441,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ROP. New Covenant Trust Company N.A. acquired a new position in shares of Roper Technologies in the 1st quarter valued at approximately $25,000. Rise Advisors LLC bought a new position in Roper Technologies in the first quarter valued at approximately $27,000. Fairscale Capital LLC acquired a new position in Roper Technologies during the second quarter valued at approximately $28,000. OFI Invest Asset Management bought a new stake in Roper Technologies during the first quarter worth $29,000. Finally, Versant Capital Management Inc boosted its holdings 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 valued at $30,000 after purchasing an additional 20 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

Shares of ROP stock opened at $553.83 on Tuesday. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The company has a market cap of $59.37 billion, a price-to-earnings ratio of 41.02, a price-to-earnings-growth ratio of 2.83 and a beta of 1.02. The firm has a 50 day moving average of $546.80 and a 200-day moving average of $545.04. Roper Technologies, Inc. has a 52 week low of $474.46 and a 52 week high of $579.10.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, beating the consensus estimate of $4.46 by $0.02. The firm had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. On average, equities analysts forecast that Roper Technologies, Inc. will post 18.16 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Tuesday, October 8th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date is Tuesday, October 8th. Roper Technologies’s payout ratio is currently 22.22%.

Insiders Place Their Bets

In related news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the transaction, the director now directly owns 5,909 shares of the company’s stock, valued at $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 is available at this link. Insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

ROP has been the subject of a number of research analyst reports. Jefferies Financial Group boosted their price target on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Truist Financial reissued a “buy” rating and issued a $660.00 target price on shares of Roper Technologies in a report on Tuesday, August 27th. Royal Bank of Canada lifted their price target on shares of Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Finally, Oppenheimer lowered their price target on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Three 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. According to data from MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $616.00.

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.