Argus Investors Counsel Inc. Has $395,000 Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Argus Investors Counsel Inc. trimmed its position in Roper Technologies, Inc. (NYSE:ROP) by 7.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 709 shares of the industrial products company’s stock after selling 56 shares during the quarter. Argus Investors Counsel Inc.’s holdings in Roper Technologies were worth $395,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new stake in shares of Roper Technologies during the 1st quarter worth approximately $25,000. Fairscale Capital LLC bought a new position in Roper Technologies during the second quarter worth $28,000. Versant Capital Management Inc raised its stake in Roper Technologies by 58.8% during the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after buying an additional 20 shares during the last quarter. Valley Wealth Managers Inc. bought a new position in Roper Technologies during the second quarter worth $31,000. Finally, Covestor Ltd increased its stake in Roper Technologies by 50.0% in the first quarter. Covestor Ltd now owns 60 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 20 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Trading Down 0.7 %

Roper Technologies stock traded down $3.62 during trading hours on Tuesday, reaching $553.18. The stock had a trading volume of 80,407 shares, compared to its average volume of 494,010. The company has a fifty day simple moving average of $550.64 and a 200-day simple moving average of $545.42. Roper Technologies, Inc. has a 52 week low of $474.46 and a 52 week high of $579.10. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. The stock has a market cap of $59.30 billion, a PE ratio of 41.24, a PEG ratio of 2.92 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. Analysts forecast that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ROP. Royal Bank of Canada boosted their target price on shares of Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” 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. Barclays upped their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Jefferies Financial Group increased their target price 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. Finally, Oppenheimer reduced their target price on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $619.50.

Insider Transactions at Roper Technologies

In related news, Director Robert D. Johnson sold 140 shares of the business’s stock in a transaction that occurred on 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 sale, the director now directly owns 5,909 shares in the company, valued at approximately $3,251,959.06. The trade was a 0.00 % 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.

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.