Empirical Finance LLC Increases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Empirical Finance LLC boosted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 2.1% during the third quarter, Holdings Channel.com reports. The fund owned 3,654 shares of the industrial products company’s stock after acquiring an additional 76 shares during the period. Empirical Finance LLC’s holdings in Roper Technologies were worth $2,033,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. New Covenant Trust Company N.A. purchased a new position in shares of Roper Technologies during the 1st quarter worth approximately $25,000. Fairscale Capital LLC acquired a new position in shares of Roper Technologies in the second quarter worth $28,000. Fortitude Family Office LLC acquired a new position in shares of Roper Technologies in the third quarter worth $28,000. Versant Capital Management Inc increased its position in Roper Technologies by 58.8% during the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 20 shares in the last quarter. Finally, Valley Wealth Managers Inc. acquired a new position in Roper Technologies in the 2nd quarter valued at about $31,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Trading Down 2.9 %

Shares of ROP opened at $548.23 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. Roper Technologies, Inc. has a 12 month low of $508.22 and a 12 month high of $579.10. The stock has a market cap of $58.79 billion, a PE ratio of 40.10, a P/E/G ratio of 2.98 and a beta of 1.03. The stock’s 50-day moving average is $552.39 and its two-hundred day moving average is $547.70.

Roper Technologies (NYSE:ROP) last posted its 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. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the previous year, the company posted $4.32 earnings per share. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities analysts forecast that Roper Technologies, Inc. will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently disclosed 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 is an increase from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 0.60%. Roper Technologies’s payout ratio is currently 21.95%.

Insider Activity

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the transaction, the director now directly owns 32,955 shares in the company, valued at $18,125,250. This represents a 2.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group lifted their price target 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. Royal Bank of Canada reduced their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Mizuho raised their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Robert W. Baird increased 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. Three 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.com, the stock has an average rating of “Moderate Buy” and an average price target 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.