Carderock Capital Management Inc. Raises Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Carderock Capital Management Inc. raised its position in Roper Technologies, Inc. (NYSE:ROP) by 4.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 14,233 shares of the industrial products company’s stock after acquiring an additional 544 shares during the quarter. Roper Technologies makes up approximately 1.9% of Carderock Capital Management Inc.’s portfolio, making the stock its 26th biggest position. Carderock Capital Management Inc.’s holdings in Roper Technologies were worth $7,920,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of ROP. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in shares of Roper Technologies by 22.6% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 3,352 shares of the industrial products company’s stock worth $1,865,000 after purchasing an additional 617 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in Roper Technologies by 1.7% in the third quarter. Vontobel Holding Ltd. now owns 115,507 shares of the industrial products company’s stock worth $64,273,000 after acquiring an additional 1,889 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC boosted its holdings in Roper Technologies by 36.1% in the third quarter. Hutchens & Kramer Investment Management Group LLC now owns 957 shares of the industrial products company’s stock worth $525,000 after acquiring an additional 254 shares in the last quarter. First Pacific Financial increased its holdings in shares of Roper Technologies by 1.3% during the third quarter. First Pacific Financial now owns 2,042 shares of the industrial products company’s stock valued at $1,137,000 after acquiring an additional 26 shares in the last quarter. Finally, RDA Financial Network increased its holdings in shares of Roper Technologies by 17.6% during the third quarter. RDA Financial Network now owns 2,028 shares of the industrial products company’s stock valued at $1,128,000 after acquiring an additional 304 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Robert D. Johnson sold 140 shares of the company’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the completion of the transaction, the director now owns 5,909 shares in the company, valued at $3,251,959.06. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.87% of the company’s stock.

Roper Technologies Price Performance

NYSE:ROP opened at $560.86 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. Roper Technologies, Inc. has a 52 week low of $474.46 and a 52 week high of $579.10. The stock’s 50-day moving average price is $548.48 and its 200-day moving average price is $545.12. The stock has a market capitalization of $60.04 billion, a PE ratio of 40.70, a price-to-earnings-growth ratio of 2.83 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, beating the consensus estimate of $4.46 by $0.02. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. As a group, equities analysts expect that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.53%. The ex-dividend date is Tuesday, October 8th. Roper Technologies’s payout ratio is 21.77%.

Analysts Set New Price Targets

Several analysts have weighed in on ROP shares. Oppenheimer dropped their target price on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $617.00 to $635.00 in a research report on Thursday, July 25th. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Truist Financial reaffirmed a “buy” rating and set a $660.00 target price on shares of Roper Technologies in a report on Tuesday, August 27th. Finally, Royal Bank of Canada increased their price target on shares of Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $616.00.

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.