Roper Technologies, Inc. (NYSE:ROP) Shares Bought by FWG Holdings LLC

FWG Holdings LLC lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 801 shares of the industrial products company’s stock after purchasing an additional 35 shares during the period. FWG Holdings LLC’s holdings in Roper Technologies were worth $437,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Avantax Advisory Services Inc. raised its holdings in shares of Roper Technologies by 16.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 509 shares of the industrial products company’s stock worth $285,000 after acquiring an additional 71 shares during the period. Kingsview Wealth Management LLC acquired a new position in Roper Technologies in the 1st quarter valued at about $210,000. Covestor Ltd grew its stake in shares of Roper Technologies by 50.0% in the 1st quarter. Covestor Ltd now owns 60 shares of the industrial products company’s stock valued at $34,000 after buying an additional 20 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in shares of Roper Technologies by 12.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 9,035 shares of the industrial products company’s stock worth $5,067,000 after buying an additional 988 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new stake in shares of Roper Technologies during the 1st quarter worth approximately $321,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on ROP shares. Royal Bank of Canada lowered their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Oppenheimer cut their price objective on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Robert W. Baird boosted their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. 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 boosted their price target 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. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $620.80.

Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 32,955 shares in the company, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.87% of the company’s stock.

Roper Technologies Price Performance

Shares of ROP opened at $549.37 on Tuesday. Roper Technologies, Inc. has a twelve month low of $508.22 and a twelve month high of $579.10. The firm’s fifty day simple moving average is $552.31 and its 200-day simple moving average is $548.46. The firm has a market capitalization of $58.91 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 2.86 and a beta of 1.03. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data 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 business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the business earned $4.32 EPS. The company’s revenue was up 11.7% on a year-over-year basis. Equities analysts forecast that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Friday, January 3rd. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s payout ratio is currently 21.95%.

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.