Roper Technologies, Inc. (NYSE:ROP) Position Boosted by United Advisor Group LLC

United Advisor Group LLC grew its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 26.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 862 shares of the industrial products company’s stock after buying an additional 179 shares during the period. United Advisor Group LLC’s holdings in Roper Technologies were worth $480,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. ORG Partners LLC grew its position in Roper Technologies by 764.2% in the 2nd 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 last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew 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 increased its holdings in shares of Roper Technologies by 355.4% during the first 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. Forsta AP Fonden lifted its holdings in Roper Technologies by 15.7% in the first quarter. Forsta AP Fonden now owns 20,600 shares of the industrial products company’s stock worth $11,553,000 after purchasing an additional 2,800 shares during the period. Finally, Illinois Municipal Retirement Fund grew its position in Roper Technologies by 82.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 7,835 shares of the industrial products company’s stock valued at $4,394,000 after buying an additional 3,543 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Up 0.1 %

Roper Technologies stock opened at $542.70 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The firm has a fifty day moving average price of $550.54 and a two-hundred day moving average price of $546.11. The firm has a market cap of $58.19 billion, a price-to-earnings ratio of 39.70, a P/E/G ratio of 2.82 and a beta of 1.03. Roper Technologies, Inc. has a fifty-two week low of $502.06 and a fifty-two week high of $579.10.

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

Roper Technologies Announces Dividend

The firm 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 was Tuesday, October 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. Roper Technologies’s dividend payout ratio is 21.95%.

Insider Transactions at Roper Technologies

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Robert W. Baird lifted their price target on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Barclays raised their target price on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Truist Financial reaffirmed a “buy” rating and set a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Finally, Jefferies Financial Group increased their price target 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. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.