Axxcess Wealth Management LLC Has $7.06 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Axxcess Wealth Management LLC increased its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,685 shares of the industrial products company’s stock after purchasing an additional 567 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Roper Technologies were worth $7,058,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ROP. Ledyard National Bank boosted its position in shares of Roper Technologies by 2.1% during the third quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock valued at $499,000 after buying an additional 18 shares during the last quarter. Western Financial Corp CA boosted its holdings in Roper Technologies by 1.1% during the 2nd quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company’s stock worth $973,000 after acquiring an additional 19 shares during the last quarter. AMG National Trust Bank grew its stake in shares of Roper Technologies by 5.1% in the 2nd quarter. AMG National Trust Bank now owns 391 shares of the industrial products company’s stock worth $220,000 after acquiring an additional 19 shares in the last quarter. Covestor Ltd raised its holdings in shares of Roper Technologies by 50.0% in the first quarter. Covestor Ltd now owns 60 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 20 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Roper Technologies by 58.8% during the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the firm’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 transaction, the director now directly owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.87% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on ROP. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Royal Bank of Canada lowered their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Jefferies Financial Group boosted their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Truist Financial reiterated a “buy” rating and issued a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Finally, Robert W. Baird increased their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Three 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $620.80.

Roper Technologies Stock Down 0.8 %

Shares of NYSE ROP opened at $567.62 on Friday. The firm’s 50 day simple moving average is $551.46 and its two-hundred day simple moving average is $546.62. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. Roper Technologies, Inc. has a one year low of $508.07 and a one year high of $579.10. The stock has a market capitalization of $60.87 billion, a P/E ratio of 41.52, a PEG ratio of 2.95 and a beta of 1.03.

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

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, January 3rd. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. Roper Technologies’s dividend payout ratio (DPR) is presently 24.14%.

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.