Fifth Third Wealth Advisors LLC Has $1.21 Million Stake in Roper Technologies, Inc. (NYSE:ROP)

Fifth Third Wealth Advisors LLC increased its position in Roper Technologies, Inc. (NYSE:ROP) by 3.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,168 shares of the industrial products company’s stock after buying an additional 82 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Roper Technologies were worth $1,206,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ROP. New Covenant Trust Company N.A. bought a new position in shares of Roper Technologies during the 1st quarter valued at $25,000. Fairscale Capital LLC acquired a new stake in shares of Roper Technologies in the second quarter worth about $28,000. Fortitude Family Office LLC bought a new stake in shares of Roper Technologies during the 3rd quarter worth about $28,000. Versant Capital Management Inc increased its holdings in shares of Roper Technologies by 58.8% during the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 20 shares during the last quarter. Finally, Valley Wealth Managers Inc. bought a new position in shares of Roper Technologies in the 2nd quarter valued at approximately $31,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ROP has been the topic of several analyst reports. 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 report on Thursday, October 24th. Royal Bank of Canada lowered their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Oppenheimer cut 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. Robert W. Baird raised their price target on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Jefferies Financial Group lifted their price target on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $620.80.

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 dated 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 approximately $18,125,250. This represents a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.87% of the company’s stock.

Roper Technologies Trading Down 0.3 %

Shares of Roper Technologies stock opened at $547.96 on Wednesday. The company’s fifty day moving average price is $552.22 and its two-hundred day moving average price is $548.68. The firm has a market capitalization of $58.76 billion, a PE ratio of 40.08, a price-to-earnings-growth ratio of 2.86 and a beta of 1.03. Roper Technologies, Inc. has a 52-week low of $508.22 and a 52-week high of $579.10. 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 (NYSE:ROP) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.32 earnings per share. On average, analysts expect that Roper Technologies, Inc. will post 18.24 EPS for the current year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.60%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio (DPR) is 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.