Brooklyn Investment Group Buys 53 Shares of Roper Technologies, Inc. (NYSE:ROP)

Brooklyn Investment Group lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 6.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 837 shares of the industrial products company’s stock after purchasing an additional 53 shares during the quarter. Brooklyn Investment Group’s holdings in Roper Technologies were worth $466,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. bought a new stake in shares of Roper Technologies in the 1st quarter valued at $25,000. Fairscale Capital LLC bought a new stake in shares of Roper Technologies in the 2nd quarter valued at $28,000. Fortitude Family Office LLC bought a new stake in shares of Roper Technologies in the 3rd quarter valued at $28,000. Versant Capital Management Inc boosted its stake in shares of Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 20 shares during the last quarter. Finally, Valley Wealth Managers Inc. bought a new stake in shares of Roper Technologies in the 2nd quarter valued at $31,000. 93.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction dated Thursday, October 24th. The shares were 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 of the company’s stock, valued at approximately $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Royal Bank of Canada dropped 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. Truist Financial restated a “buy” rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Robert W. Baird upped their price objective 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. Jefferies Financial Group upped their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, 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. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $620.80.

Roper Technologies Stock Performance

NYSE ROP opened at $561.89 on Wednesday. Roper Technologies, Inc. has a 1 year low of $508.22 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. The firm has a market cap of $60.25 billion, a price-to-earnings ratio of 31.20, a PEG ratio of 2.91 and a beta of 1.03. The company has a fifty day moving average price of $552.66 and a 200-day moving average price of $549.94.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating the consensus estimate of $4.53 by $0.09. The company had revenue of $1.75 billion during 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 firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.32 earnings per share. As a group, equities research analysts predict that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date is Friday, January 3rd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio (DPR) 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.