Boston Financial Mangement LLC Cuts Holdings in Roper Technologies, Inc. (NYSE:ROP)

Boston Financial Mangement LLC cut its holdings in Roper Technologies, Inc. (NYSE:ROP) by 0.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,227 shares of the industrial products company’s stock after selling 112 shares during the period. Boston Financial Mangement LLC’s holdings in Roper Technologies were worth $23,497,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. New Covenant Trust Company N.A. purchased a new position in Roper Technologies in the first quarter valued at about $25,000. Fairscale Capital LLC purchased a new position in Roper Technologies in the second quarter valued at approximately $28,000. Versant Capital Management Inc grew its holdings in Roper Technologies by 58.8% during the second 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 period. Valley Wealth Managers Inc. purchased a new stake in Roper Technologies in the second quarter worth $31,000. Finally, Covestor Ltd raised its stake in shares of Roper Technologies by 50.0% in the first quarter. Covestor Ltd now owns 60 shares of the industrial products company’s stock valued at $34,000 after buying an additional 20 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Trading Up 0.6 %

NYSE ROP opened at $545.13 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The stock’s 50-day simple moving average is $551.17 and its two-hundred day simple moving average is $545.55. Roper Technologies, Inc. has a twelve month low of $476.02 and a twelve month high of $579.10. The company has a market capitalization of $58.45 billion, a price-to-earnings ratio of 39.88, a PEG ratio of 2.83 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping 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 previous year, the company posted $4.32 EPS. Roper Technologies’s quarterly revenue was up 11.7% compared to the same quarter last year. Research analysts forecast that Roper Technologies, Inc. will post 18.23 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Tuesday, October 8th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Tuesday, October 8th. Roper Technologies’s dividend payout ratio is currently 21.95%.

Insider Buying and Selling

In other Roper Technologies 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 completion of the sale, the director now directly owns 32,955 shares of the company’s stock, valued at $18,125,250. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.87% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ROP shares. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. 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 report on Thursday, October 24th. Truist Financial restated a “buy” rating and issued a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Mizuho increased 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. Finally, Oppenheimer decreased their price target on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Three 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $620.80.

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.