Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Farmers & Merchants Investments Inc.

Farmers & Merchants Investments Inc. grew its position in Roper Technologies, Inc. (NYSE:ROP) by 2.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,251 shares of the industrial products company’s stock after purchasing an additional 799 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Roper Technologies were worth $22,954,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. New Covenant Trust Company N.A. acquired a new position in Roper Technologies in the first quarter valued at approximately $25,000. Fairscale Capital LLC purchased a new position in shares of Roper Technologies in the 2nd quarter valued at $28,000. Fortitude Family Office LLC purchased a new stake in Roper Technologies in the third quarter valued at $28,000. Versant Capital Management Inc boosted its stake in Roper Technologies by 58.8% in the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 20 shares in the last quarter. Finally, Valley Wealth Managers Inc. purchased a new position in shares of Roper Technologies during the second quarter worth about $31,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Performance

NYSE ROP traded up $1.24 on Tuesday, hitting $546.37. 19,572 shares of the company’s stock were exchanged, compared to its average volume of 493,507. 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 firm’s 50-day moving average price is $551.17 and its two-hundred day moving average price is $545.55. The firm has a market cap of $58.58 billion, a price-to-earnings ratio of 39.88, a P/E/G ratio of 2.83 and a beta of 1.02. Roper Technologies, Inc. has a fifty-two week low of $476.02 and a fifty-two week high of $579.10.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the company earned $4.32 earnings per share. Roper Technologies’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, research analysts expect that Roper Technologies, Inc. will post 18.23 EPS for the current year.

Roper Technologies Dividend Announcement

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

Analyst Ratings Changes

ROP has been the subject of several research reports. Truist Financial reissued a “buy” rating and issued a $665.00 target price (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Jefferies Financial Group boosted their price objective on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada lowered their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Robert W. Baird raised their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $620.80.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the sale, the director now directly owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate 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.