Pittenger & Anderson Inc. Has $11.99 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Pittenger & Anderson Inc. lessened its position in Roper Technologies, Inc. (NYSE:ROP) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,546 shares of the industrial products company’s stock after selling 346 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Roper Technologies were worth $11,989,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. New Covenant Trust Company N.A. bought a new stake in shares of Roper Technologies in the first quarter worth $25,000. Fairscale Capital LLC acquired a new position in shares of Roper Technologies during the 2nd quarter worth about $28,000. Fortitude Family Office LLC bought a new position in shares of Roper Technologies in the 3rd quarter valued at about $28,000. Versant Capital Management Inc increased its position in shares of Roper Technologies by 58.8% in the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 20 shares during the last quarter. Finally, Valley Wealth Managers Inc. bought a new stake in Roper Technologies during the second quarter worth about $31,000. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $542.08 on Tuesday. The firm has a market cap of $58.12 billion, a P/E ratio of 30.25, a price-to-earnings-growth ratio of 2.82 and a beta of 1.03. The business’s 50 day moving average is $550.71 and its 200-day moving average is $546.05. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a 1-year low of $502.06 and a 1-year high of $579.10.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping the consensus estimate of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter last year, the business earned $4.32 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities research analysts predict that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Dividend Announcement

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

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the transaction, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. The trade was 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 through this link. 0.87% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Robert W. Baird raised their price target on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Barclays boosted their target price on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Jefferies Financial Group lifted their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Oppenheimer dropped their target price on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Finally, Mizuho lifted their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $620.80.

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.