WealthPlan Investment Management LLC Grows Stake in Roper Technologies, Inc. (NYSE:ROP)

WealthPlan Investment Management LLC grew its position in Roper Technologies, Inc. (NYSE:ROP) by 38.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,984 shares of the industrial products company’s stock after purchasing an additional 1,388 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Roper Technologies were worth $2,773,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Empowered Funds LLC grew its stake in Roper Technologies by 159.1% in the first quarter. Empowered Funds LLC now owns 3,293 shares of the industrial products company’s stock valued at $1,847,000 after purchasing an additional 2,022 shares during the last quarter. Sei Investments Co. boosted its position in shares of Roper Technologies by 5.6% in the 1st quarter. Sei Investments Co. now owns 29,414 shares of the industrial products company’s stock worth $16,495,000 after purchasing an additional 1,553 shares in the last quarter. QRG Capital Management Inc. grew its stake in Roper Technologies by 24.6% during the 1st quarter. QRG Capital Management Inc. now owns 1,872 shares of the industrial products company’s stock worth $1,050,000 after buying an additional 369 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in Roper Technologies by 16.2% in the first quarter. Avantax Advisory Services Inc. now owns 509 shares of the industrial products company’s stock valued at $285,000 after buying an additional 71 shares during the last quarter. Finally, Bleakley Financial Group LLC boosted its holdings in Roper Technologies by 4.6% in the first quarter. Bleakley Financial Group LLC now owns 2,167 shares of the industrial products company’s stock worth $1,215,000 after acquiring an additional 95 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Down 0.4 %

Shares of NYSE ROP opened at $565.14 on Tuesday. The company has a market capitalization of $60.60 billion, a P/E ratio of 41.34, a P/E/G ratio of 2.96 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The company has a 50 day simple moving average of $551.68 and a 200-day simple moving average of $546.91. Roper Technologies, Inc. has a 1 year low of $508.22 and a 1 year high of $579.10.

Roper Technologies (NYSE:ROP) last posted its earnings results 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. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.32 earnings per share. On average, equities research analysts predict that Roper Technologies, Inc. will post 18.24 earnings per share 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 dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.58%. The ex-dividend date is Friday, January 3rd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio (DPR) is 24.14%.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction that occurred 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 owns 32,955 shares in the company, valued at approximately $18,125,250. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Oppenheimer dropped their target price on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Robert W. Baird upped their target price on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada decreased their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. 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 report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $620.80.

Roper Technologies Company 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.