Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Oak Ridge Investments LLC

Oak Ridge Investments LLC increased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 5.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,139 shares of the industrial products company’s stock after acquiring an additional 782 shares during the period. Oak Ridge Investments LLC’s holdings in Roper Technologies were worth $8,424,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Roper Technologies by 1.3% in the first quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock worth $5,648,796,000 after buying an additional 125,387 shares during the period. American Century Companies Inc. raised its position in Roper Technologies by 24.4% during the second quarter. American Century Companies Inc. now owns 605,769 shares of the industrial products company’s stock valued at $341,448,000 after acquiring an additional 118,971 shares in the last quarter. Principal Financial Group Inc. raised its position in Roper Technologies by 4.0% during the second quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company’s stock valued at $1,512,813,000 after acquiring an additional 102,199 shares in the last quarter. Bank of Montreal Can raised its position in shares of Roper Technologies by 31.0% in the second quarter. Bank of Montreal Can now owns 338,887 shares of the industrial products company’s stock valued at $192,176,000 after purchasing an additional 80,255 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of Roper Technologies by 95.1% in the second quarter. SG Americas Securities LLC now owns 161,834 shares of the industrial products company’s stock valued at $91,219,000 after purchasing an additional 78,870 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the transaction, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

ROP has been the topic of several research analyst reports. Barclays raised their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Oppenheimer decreased their price target on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Truist Financial reiterated a “buy” rating and set a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Robert W. Baird boosted their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Mizuho lifted their price target on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $620.80.

Roper Technologies Price Performance

Shares of ROP opened at $537.73 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The stock has a 50 day simple moving average of $550.94 and a 200 day simple moving average of $545.60. Roper Technologies, Inc. has a 52-week low of $483.56 and a 52-week high of $579.10. The firm has a market capitalization of $57.66 billion, a PE ratio of 30.61, a P/E/G ratio of 2.86 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the firm earned $4.32 EPS. Roper Technologies’s quarterly revenue was up 11.7% compared to the same quarter last year. Sell-side analysts predict that Roper Technologies, Inc. will post 18.24 EPS 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 given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Tuesday, October 8th. 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.