RKL Wealth Management LLC Sells 113 Shares of Roper Technologies, Inc. (NYSE:ROP)

RKL Wealth Management LLC lessened its position in Roper Technologies, Inc. (NYSE:ROP) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,409 shares of the industrial products company’s stock after selling 113 shares during the period. RKL Wealth Management LLC’s holdings in Roper Technologies were worth $4,123,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ROP. Vanguard Group Inc. boosted its stake in Roper Technologies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock valued at $5,648,796,000 after purchasing an additional 125,387 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Roper Technologies by 4.0% during the second quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company’s stock valued at $1,512,813,000 after purchasing an additional 102,199 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Roper Technologies by 3.1% during the second quarter. Mackenzie Financial Corp now owns 1,119,023 shares of the industrial products company’s stock valued at $630,749,000 after buying an additional 33,544 shares during the last quarter. Legal & General Group Plc raised its position in Roper Technologies by 7.6% in the 2nd quarter. Legal & General Group Plc now owns 914,499 shares of the industrial products company’s stock worth $515,467,000 after buying an additional 64,565 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Roper Technologies by 4.4% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 805,757 shares of the industrial products company’s stock valued at $451,901,000 after acquiring an additional 33,780 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Down 0.8 %

ROP opened at $567.62 on Friday. Roper Technologies, Inc. has a one year low of $508.07 and a one year high of $579.10. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The stock has a market cap of $60.87 billion, a price-to-earnings ratio of 41.52, a P/E/G ratio of 2.95 and a beta of 1.03. The stock’s 50 day moving average price is $551.46 and its 200-day moving average price is $546.62.

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. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm posted $4.32 earnings per share. On average, equities analysts forecast that Roper Technologies, Inc. will post 18.24 EPS for the current year.

Roper Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be paid a $0.825 dividend. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Friday, January 3rd. Roper Technologies’s dividend payout ratio is currently 24.14%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Mizuho lifted their price target 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. Truist Financial reiterated a “buy” rating and set a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Oppenheimer dropped their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Royal Bank of Canada reduced their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, Jefferies Financial Group raised their target price 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 analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $620.80.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was 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 owns 32,955 shares in the company, valued at approximately $18,125,250. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.87% of the company’s stock.

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.