Beaumont Financial Advisors LLC Sells 195 Shares of Roper Technologies, Inc. (NYSE:ROP)

Beaumont Financial Advisors LLC cut its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 24.0% in the third quarter, Holdings Channel reports. The fund owned 617 shares of the industrial products company’s stock after selling 195 shares during the period. Beaumont Financial Advisors LLC’s holdings in Roper Technologies were worth $343,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Albion Financial Group UT raised its holdings in shares of Roper Technologies by 3,500.0% in the third quarter. Albion Financial Group UT now owns 252 shares of the industrial products company’s stock valued at $140,000 after buying an additional 245 shares during the last quarter. Quotient Wealth Partners LLC raised its holdings in shares of Roper Technologies by 18.1% in the third quarter. Quotient Wealth Partners LLC now owns 758 shares of the industrial products company’s stock valued at $422,000 after buying an additional 116 shares during the last quarter. Mountain Pacific Investment Advisers LLC raised its holdings in shares of Roper Technologies by 1.3% in the third quarter. Mountain Pacific Investment Advisers LLC now owns 86,813 shares of the industrial products company’s stock valued at $48,306,000 after buying an additional 1,078 shares during the last quarter. CWM LLC raised its holdings in shares of Roper Technologies by 18.6% in the third quarter. CWM LLC now owns 3,584 shares of the industrial products company’s stock valued at $1,994,000 after buying an additional 563 shares during the last quarter. Finally, Peddock Capital Advisors LLC raised its holdings in shares of Roper Technologies by 1.4% in the third quarter. Peddock Capital Advisors LLC now owns 5,392 shares of the industrial products company’s stock valued at $3,000,000 after buying an additional 72 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Trading Up 2.2 %

NYSE ROP opened at $551.55 on Friday. The stock has a market capitalization of $59.04 billion, a price-to-earnings ratio of 40.03, a PEG ratio of 2.86 and a beta of 1.02. The stock’s 50 day moving average price is $546.08 and its two-hundred day moving average price is $545.25. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. Roper Technologies, Inc. has a 52 week low of $474.46 and a 52 week high of $579.10.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, beating the consensus estimate of $4.46 by $0.02. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. As a group, analysts anticipate that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Tuesday, October 8th. Roper Technologies’s payout ratio is presently 21.77%.

Analysts Set New Price Targets

A number of research firms recently issued reports on ROP. Oppenheimer cut their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Barclays lifted their price objective 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 upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Truist Financial reiterated a “buy” rating and issued a $660.00 price objective on shares of Roper Technologies in a research report on Tuesday, August 27th. Finally, Royal Bank of Canada lifted their price objective on Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $616.00.

Insider Activity at Roper Technologies

In other news, Director Robert D. Johnson sold 140 shares of the business’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the transaction, the director now directly owns 5,909 shares in the company, valued at $3,251,959.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is owned by company insiders.

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.