Roper Technologies, Inc. (NYSE:ROP) Stock Position Boosted by Raymond James & Associates

Raymond James & Associates lifted its stake in Roper Technologies, Inc. (NYSE:ROP) by 2.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 226,419 shares of the industrial products company’s stock after acquiring an additional 5,864 shares during the period. Raymond James & Associates’ holdings in Roper Technologies were worth $125,989,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ROP. New Covenant Trust Company N.A. bought a new position in Roper Technologies during the 1st quarter valued at $25,000. Fairscale Capital LLC bought a new stake in Roper Technologies in the second quarter worth about $28,000. OFI Invest Asset Management acquired a new stake in Roper Technologies in the 1st quarter valued at about $29,000. Versant Capital Management Inc boosted its position 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 valued at $30,000 after purchasing an additional 20 shares in the last quarter. Finally, Valley Wealth Managers Inc. acquired a new position in shares of Roper Technologies in the 2nd quarter worth approximately $31,000. 93.31% of the stock is currently owned by institutional investors.

Insider Activity

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the stock in a transaction on 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.87% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ROP has been the subject of a number of research reports. Mizuho raised their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday. Robert W. Baird upgraded Roper Technologies from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $617.00 to $635.00 in a report on Thursday, July 25th. Royal Bank of Canada boosted their target price on Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Oppenheimer decreased their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Finally, Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Three research 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. According to MarketBeat, Roper Technologies has a consensus rating of “Moderate Buy” and an average price target of $619.50.

Roper Technologies Stock Performance

Shares of ROP opened at $557.62 on Friday. 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 quick ratio of 0.48 and a current ratio of 0.53. The company has a market capitalization of $59.69 billion, a PE ratio of 40.47, a PEG ratio of 2.90 and a beta of 1.02. The company’s 50 day moving average price is $549.91 and its 200 day moving average price is $545.27.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, topping the consensus estimate of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. Research analysts expect that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th will be paid a dividend of $0.75 per share. The ex-dividend date is Tuesday, October 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.54%. Roper Technologies’s dividend payout ratio (DPR) is 21.77%.

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.