OneAscent Financial Services LLC Takes Position in Roper Technologies, Inc. (NYSE:ROP)

OneAscent Financial Services LLC bought a new stake in shares of Roper Technologies, Inc. (NYSE:ROP) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,120 shares of the industrial products company’s stock, valued at approximately $623,000.

Other institutional investors also recently made changes to their positions in the company. ORG Partners LLC grew its holdings in shares of Roper Technologies by 764.2% during the second quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock valued at $652,000 after purchasing an additional 1,024 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in Roper Technologies by 1.0% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 240,633 shares of the industrial products company’s stock worth $136,455,000 after buying an additional 2,399 shares in the last quarter. O Shaughnessy Asset Management LLC grew its holdings in Roper Technologies by 12.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 9,035 shares of the industrial products company’s stock worth $5,067,000 after buying an additional 988 shares in the last quarter. PGGM Investments grew its holdings in Roper Technologies by 739.4% in the 2nd quarter. PGGM Investments now owns 72,596 shares of the industrial products company’s stock worth $40,919,000 after buying an additional 63,947 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in Roper Technologies by 201.6% in the 1st quarter. Cetera Investment Advisers now owns 20,340 shares of the industrial products company’s stock worth $11,408,000 after buying an additional 13,597 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Price Performance

Shares of NYSE:ROP opened at $549.37 on Tuesday. Roper Technologies, Inc. has a one year low of $508.22 and a one year high of $579.10. The stock has a fifty day moving average of $552.31 and a 200-day moving average of $548.46. The company has a market capitalization of $58.91 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 2.86 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the firm earned $4.32 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts anticipate that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a $0.825 dividend. The ex-dividend date is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.60%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio is presently 21.95%.

Analyst Ratings Changes

ROP has been the subject of a number of recent analyst reports. Royal Bank of Canada decreased their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Robert W. Baird increased their price objective on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Truist Financial reaffirmed a “buy” rating and set a $665.00 price target (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Oppenheimer decreased their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Finally, Jefferies Financial Group increased their price target on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $620.80.

Insider Activity

In other news, Director Richard F. Wallman sold 1,000 shares of the company’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 transaction, the director now directly owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate 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.