Valmark Advisers Inc. Boosts Stake in Roper Technologies, Inc. (NYSE:ROP)

Valmark Advisers Inc. boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 60.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 752 shares of the industrial products company’s stock after purchasing an additional 283 shares during the period. Valmark Advisers Inc.’s holdings in Roper Technologies were worth $418,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Roper Technologies by 497.6% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,329 shares of the industrial products company’s stock valued at $5,232,000 after acquiring an additional 7,768 shares during the period. ORG Partners LLC boosted its position in shares of Roper Technologies by 764.2% in the second quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock worth $652,000 after purchasing an additional 1,024 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of Roper Technologies by 1.0% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 240,633 shares of the industrial products company’s stock worth $136,455,000 after purchasing an additional 2,399 shares in the last quarter. Duality Advisers LP raised its position in shares of Roper Technologies by 355.4% during the 1st quarter. Duality Advisers LP now owns 12,026 shares of the industrial products company’s stock valued at $6,745,000 after purchasing an additional 9,385 shares during the period. Finally, Forsta AP Fonden lifted its stake in shares of Roper Technologies by 15.7% during the 1st quarter. Forsta AP Fonden now owns 20,600 shares of the industrial products company’s stock valued at $11,553,000 after buying an additional 2,800 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

Shares of NYSE:ROP opened at $547.23 on Thursday. The firm has a fifty day simple moving average of $551.11 and a two-hundred day simple moving average of $545.65. Roper Technologies, Inc. has a 52 week low of $483.56 and a 52 week high of $579.10. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $58.67 billion, a P/E ratio of 40.03, a PEG ratio of 2.83 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS 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 company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the business posted $4.32 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. On average, analysts expect that Roper Technologies, Inc. will post 18.23 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

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

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction 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 in the company, valued at $18,125,250. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.87% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ROP has been the topic of a number of recent analyst reports. Truist Financial reissued a “buy” rating and set a $665.00 price target (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Mizuho upped their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Barclays upped their target price on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Finally, Jefferies Financial Group lifted their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a report on Friday, August 16th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently 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.