Endowment Wealth Management Inc. Has $305,000 Position in Roper Technologies, Inc. (NYSE:ROP)

Endowment Wealth Management Inc. reduced its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 548 shares of the industrial products company’s stock after selling 19 shares during the period. Endowment Wealth Management Inc.’s holdings in Roper Technologies were worth $305,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. KBC Group NV grew its holdings in Roper Technologies by 3.5% during the 3rd quarter. KBC Group NV now owns 66,559 shares of the industrial products company’s stock worth $37,036,000 after acquiring an additional 2,239 shares during the period. Oppenheimer & Co. Inc. grew its holdings in Roper Technologies by 2.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 5,277 shares of the industrial products company’s stock worth $2,936,000 after acquiring an additional 115 shares during the period. MQS Management LLC acquired a new stake in Roper Technologies during the 3rd quarter worth about $534,000. Simmons Bank grew its holdings in Roper Technologies by 4.0% during the 3rd quarter. Simmons Bank now owns 5,201 shares of the industrial products company’s stock worth $2,894,000 after acquiring an additional 202 shares during the period. Finally, Haverford Trust Co grew its holdings in Roper Technologies by 18.2% during the 3rd quarter. Haverford Trust Co now owns 1,525 shares of the industrial products company’s stock worth $849,000 after acquiring an additional 235 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $571.20 on Thursday. Roper Technologies, Inc. has a fifty-two week low of $508.22 and a fifty-two week high of $579.10. The stock has a market cap of $61.25 billion, a price-to-earnings ratio of 41.78, a PEG ratio of 2.95 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The firm’s 50-day simple moving average is $552.18 and its 200 day simple moving average is $547.34.

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

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio (DPR) is currently 21.95%.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the transaction, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ROP. Mizuho increased 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. Oppenheimer cut their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Royal Bank of Canada cut their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Jefferies Financial Group increased their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Truist Financial reissued a “buy” rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and a consensus price target of $620.80.

Roper Technologies 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.