Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC grew its stake in Roper Technologies, Inc. (NYSE:ROP) by 1.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,197 shares of the industrial products company’s stock after buying an additional 1,196 shares during the period. Crestwood Advisors Group LLC owned 0.08% of Roper Technologies worth $49,076,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. United Advisor Group LLC grew its position in shares of Roper Technologies by 26.2% during the third quarter. United Advisor Group LLC now owns 862 shares of the industrial products company’s stock worth $480,000 after acquiring an additional 179 shares during the last quarter. Martin Investment Management LLC grew its position in Roper Technologies by 3.5% during the 3rd quarter. Martin Investment Management LLC now owns 12,578 shares of the industrial products company’s stock worth $6,999,000 after purchasing an additional 431 shares during the last quarter. FSM Wealth Advisors LLC increased its stake in Roper Technologies by 2.0% in the third quarter. FSM Wealth Advisors LLC now owns 1,434 shares of the industrial products company’s stock valued at $798,000 after purchasing an additional 28 shares during the period. QRG Capital Management Inc. raised its holdings in shares of Roper Technologies by 7.3% in the third quarter. QRG Capital Management Inc. now owns 1,919 shares of the industrial products company’s stock valued at $1,068,000 after buying an additional 130 shares during the last quarter. Finally, National Pension Service boosted its stake in shares of Roper Technologies by 10.7% during the third quarter. National Pension Service now owns 240,120 shares of the industrial products company’s stock worth $133,612,000 after buying an additional 23,226 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Price Performance

ROP traded up $2.12 during trading on Tuesday, reaching $544.20. 26,126 shares of the stock were exchanged, compared to its average volume of 493,900. 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 company has a market capitalization of $58.35 billion, a price-to-earnings ratio of 30.25, a P/E/G ratio of 2.82 and a beta of 1.03. Roper Technologies, Inc. has a 1 year low of $502.06 and a 1 year high of $579.10. The business’s 50 day moving average price is $550.71 and its two-hundred day moving average price is $546.05.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data 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. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.32 EPS. As a group, equities research analysts anticipate that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Oppenheimer cut their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Royal Bank of Canada cut their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Truist Financial reaffirmed a “buy” rating and issued a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Robert W. Baird increased their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group lifted their price objective on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a report on Friday, August 16th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $620.80.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the company’s 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 sale, the director now directly owns 32,955 shares in the company, valued at $18,125,250. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.87% of the stock is owned by insiders.

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.