Wilmington Savings Fund Society FSB Has $2.63 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

Wilmington Savings Fund Society FSB raised its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 1,227.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,727 shares of the industrial products company’s stock after buying an additional 4,371 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Roper Technologies were worth $2,630,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of ROP. World Investment Advisors LLC raised its position in Roper Technologies by 1.4% in the 3rd quarter. World Investment Advisors LLC now owns 7,111 shares of the industrial products company’s stock valued at $3,957,000 after purchasing an additional 100 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of Roper Technologies by 19.6% in the third quarter. Sanctuary Advisors LLC now owns 5,849 shares of the industrial products company’s stock valued at $3,276,000 after buying an additional 960 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised its holdings in shares of Roper Technologies by 6.0% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 4,510 shares of the industrial products company’s stock valued at $2,510,000 after buying an additional 255 shares during the last quarter. Second Line Capital LLC lifted its position in Roper Technologies by 18.6% during the 3rd quarter. Second Line Capital LLC now owns 5,038 shares of the industrial products company’s stock worth $2,803,000 after buying an additional 789 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in Roper Technologies by 21.2% during the 3rd quarter. TD Private Client Wealth LLC now owns 257 shares of the industrial products company’s stock worth $143,000 after acquiring an additional 45 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Down 0.8 %

ROP opened at $543.66 on Friday. The firm’s fifty day moving average is $554.11 and its two-hundred day moving average is $551.55. The firm has a market cap of $58.30 billion, a PE ratio of 39.77, a price-to-earnings-growth ratio of 2.87 and a beta of 1.02. Roper Technologies, Inc. has a twelve month low of $508.22 and a twelve month high of $580.09. 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 issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the business posted $4.32 EPS. The firm’s revenue was up 11.7% compared to the same quarter last year. Equities research analysts anticipate that Roper Technologies, Inc. will post 18.26 EPS for the current year.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.61%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 3rd. Roper Technologies’s dividend payout ratio is presently 21.95%.

Analyst Ratings Changes

ROP has been the subject of a number of research analyst reports. Mizuho boosted their target price 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. Jefferies Financial Group boosted their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Robert W. Baird increased their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Truist Financial reissued a “buy” rating and issued a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Finally, Barclays reaffirmed an “underweight” rating and set a $569.00 price target (down previously from $625.00) on shares of Roper Technologies in a research note on Thursday, December 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $615.20.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction dated Thursday, October 24th. The stock was 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 of the company’s stock, valued at $18,125,250. This trade represents a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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.