Tandem Investment Advisors Inc. Boosts Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Tandem Investment Advisors Inc. boosted its position in Roper Technologies, Inc. (NYSE:ROP) by 6.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,495 shares of the industrial products company’s stock after buying an additional 3,839 shares during the quarter. Tandem Investment Advisors Inc. owned approximately 0.06% of Roper Technologies worth $35,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. Forte Capital LLC ADV lifted its position in Roper Technologies by 11.1% in the third quarter. Forte Capital LLC ADV now owns 582 shares of the industrial products company’s stock valued at $324,000 after purchasing an additional 58 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in shares of Roper Technologies by 9.1% in the third quarter. Concurrent Investment Advisors LLC now owns 3,819 shares of the industrial products company’s stock valued at $2,125,000 after acquiring an additional 320 shares during the period. Ballast Advisors LLC raised its stake in shares of Roper Technologies by 1.3% during the third quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock valued at $921,000 after acquiring an additional 21 shares during the last quarter. Marks Group Wealth Management Inc boosted its holdings in shares of Roper Technologies by 278.6% during the third quarter. Marks Group Wealth Management Inc now owns 20,908 shares of the industrial products company’s stock worth $11,634,000 after purchasing an additional 15,386 shares during the period. Finally, Crestwood Advisors Group LLC grew its stake in shares of Roper Technologies by 1.4% in the third quarter. Crestwood Advisors Group LLC now owns 88,197 shares of the industrial products company’s stock worth $49,076,000 after purchasing an additional 1,196 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Truist Financial reaffirmed a “buy” rating and set a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Jefferies Financial Group raised their price target on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Mizuho upped their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Finally, 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 research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $620.80.

Roper Technologies Price Performance

ROP opened at $572.26 on Friday. The firm has a market cap of $61.36 billion, a PE ratio of 41.86, a P/E/G ratio of 2.83 and a beta of 1.03. The stock has a 50-day moving average price of $550.83 and a 200-day moving average price of $546.24. Roper Technologies, Inc. has a 1 year low of $507.59 and a 1 year high of $579.10. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping 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 business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the firm earned $4.32 EPS. Roper Technologies’s revenue was up 11.7% on a year-over-year basis. Sell-side analysts predict that Roper Technologies, Inc. will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Tuesday, October 8th. Roper Technologies’s dividend payout ratio is currently 21.95%.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the 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 completion of the sale, the director now owns 32,955 shares in the company, valued at approximately $18,125,250. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company 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.