Capital Investment Counsel LLC Has $6.85 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

Capital Investment Counsel LLC lifted its position in Roper Technologies, Inc. (NYSE:ROP) by 7.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,314 shares of the industrial products company’s stock after buying an additional 820 shares during the quarter. Capital Investment Counsel LLC’s holdings in Roper Technologies were worth $6,852,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ROP. Centaurus Financial Inc. increased its stake in shares of Roper Technologies by 17.9% during the 3rd quarter. Centaurus Financial Inc. now owns 1,081 shares of the industrial products company’s stock worth $602,000 after purchasing an additional 164 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in Roper Technologies by 10.8% during the third quarter. Kingsview Wealth Management LLC now owns 513 shares of the industrial products company’s stock worth $285,000 after purchasing an additional 50 shares during the period. Cerity Partners LLC grew its holdings in Roper Technologies by 6.8% during the third quarter. Cerity Partners LLC now owns 59,092 shares of the industrial products company’s stock worth $32,881,000 after purchasing an additional 3,781 shares during the period. Meridian Wealth Management LLC bought a new stake in Roper Technologies in the third quarter valued at approximately $4,027,000. Finally, Icon Wealth Advisors LLC lifted its position in shares of Roper Technologies by 1,352.7% in the third quarter. Icon Wealth Advisors LLC now owns 5,709 shares of the industrial products company’s stock valued at $3,177,000 after buying an additional 5,316 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were 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 directly owns 32,955 shares in the company, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ROP. Mizuho boosted their target price on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Robert W. Baird increased their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Jefferies Financial Group raised their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada decreased their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, Truist Financial restated a “buy” rating and set a $665.00 price objective (up 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’s stock. According to data from MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and an average target price of $620.80.

Roper Technologies Stock Performance

Shares of NYSE:ROP opened at $560.14 on Friday. Roper Technologies, Inc. has a 12-month low of $508.22 and a 12-month high of $579.10. The company’s 50 day moving average price is $552.43 and its two-hundred day moving average price is $549.23. The firm has a market cap of $60.06 billion, a PE ratio of 40.98, a PEG ratio of 2.89 and a beta of 1.03. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41.

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

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a dividend of $0.825 per share. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.59%. Roper Technologies’s dividend payout ratio is currently 21.95%.

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.