Winch Advisory Services LLC Has $466,000 Stake in Roper Technologies, Inc. (NYSE:ROP)

Winch Advisory Services LLC trimmed its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 26.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 837 shares of the industrial products company’s stock after selling 303 shares during the period. Winch Advisory Services LLC’s holdings in Roper Technologies were worth $466,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BI Asset Management Fondsmaeglerselskab A S raised its holdings in shares of Roper Technologies by 497.6% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,329 shares of the industrial products company’s stock worth $5,232,000 after acquiring an additional 7,768 shares during the period. ORG Partners LLC grew its position in Roper Technologies by 764.2% in the second quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock valued at $652,000 after purchasing an additional 1,024 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in 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 valued at $136,455,000 after purchasing an additional 2,399 shares in the last quarter. Duality Advisers LP grew its position in Roper Technologies by 355.4% in 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 in the last quarter. Finally, American National Bank & Trust Co. VA bought a new position in Roper Technologies in the first quarter valued at $6,314,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Down 0.1 %

Shares of ROP opened at $556.80 on Tuesday. Roper Technologies, Inc. has a 52 week low of $474.46 and a 52 week high of $579.10. The firm has a market cap of $59.69 billion, a P/E ratio of 41.24, a price-to-earnings-growth ratio of 2.92 and a beta of 1.02. The firm’s 50-day simple moving average is $550.64 and its 200 day simple moving average is $545.42. 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 (NYSE:ROP) last announced its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, beating analysts’ consensus estimates of $4.46 by $0.02. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. On average, analysts forecast that Roper Technologies, Inc. will post 18.16 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Tuesday, October 8th. Roper Technologies’s dividend payout ratio is currently 22.22%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ROP. Barclays raised their target price on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Jefferies Financial Group lifted their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Royal Bank of Canada lifted their price objective on shares of Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Finally, Truist Financial reissued a “buy” rating and issued a $660.00 price objective on shares of Roper Technologies in a research report on Tuesday, August 27th. 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $619.50.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies 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 value of $77,047.60. Following the completion of the sale, the director now owns 5,909 shares of the company’s stock, 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 SEC, which is available at the SEC website. Insiders own 0.87% of the company’s stock.

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.