Venturi Wealth Management LLC Has $1.25 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Venturi Wealth Management LLC boosted its stake in Roper Technologies, Inc. (NYSE:ROP) by 7.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 2,249 shares of the industrial products company’s stock after acquiring an additional 163 shares during the quarter. Venturi Wealth Management LLC’s holdings in Roper Technologies were worth $1,251,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. New Covenant Trust Company N.A. acquired a new position in Roper Technologies in the 1st quarter valued at about $25,000. Fairscale Capital LLC bought a new position in Roper Technologies in the 2nd quarter valued at approximately $28,000. Fortitude Family Office LLC bought a new position in Roper Technologies in the 3rd quarter valued at approximately $28,000. Versant Capital Management Inc lifted its stake in 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 position in shares of Roper Technologies during the second quarter valued at $31,000. 93.31% of the stock is owned by institutional investors.

Roper Technologies Stock Down 0.4 %

Shares of Roper Technologies stock opened at $565.14 on Tuesday. 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 company has a 50-day moving average of $551.46 and a 200 day moving average of $546.73. The firm has a market cap of $60.60 billion, a price-to-earnings ratio of 41.34, a PEG ratio of 2.96 and a beta of 1.03. Roper Technologies, Inc. has a 1 year low of $508.22 and a 1 year high of $579.10.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. The firm 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 business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $4.32 earnings per share. As a group, sell-side analysts anticipate that Roper Technologies, Inc. will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.58%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s payout ratio is currently 24.14%.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction on 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 owns 32,955 shares in the company, valued at approximately $18,125,250. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Truist Financial reiterated a “buy” rating and set a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Robert W. Baird boosted their price objective 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. Mizuho boosted their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Oppenheimer lowered their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Three research 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 stock. Based on data from MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and an average target price of $620.80.

Roper Technologies Company 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.