Apollon Wealth Management LLC Cuts Holdings in Roper Technologies, Inc. (NYSE:ROP)

Apollon Wealth Management LLC decreased its position in Roper Technologies, Inc. (NYSE:ROP) by 9.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,710 shares of the industrial products company’s stock after selling 601 shares during the period. Apollon Wealth Management LLC’s holdings in Roper Technologies were worth $3,177,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. New Covenant Trust Company N.A. bought a new stake in Roper Technologies during the first quarter worth $25,000. Fairscale Capital LLC bought a new stake in shares of Roper Technologies during the 2nd quarter worth $28,000. Fortitude Family Office LLC bought a new position in Roper Technologies during the third quarter valued at about $28,000. Versant Capital Management Inc increased 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 worth $30,000 after buying an additional 20 shares during the last quarter. Finally, Valley Wealth Managers Inc. bought a new stake in Roper Technologies in the second quarter worth about $31,000. Institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

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

Roper Technologies Price Performance

NYSE:ROP opened at $564.77 on Wednesday. The stock has a fifty day moving average of $551.68 and a 200 day moving average of $546.91. Roper Technologies, Inc. has a 52-week low of $508.22 and a 52-week high of $579.10. The firm has a market capitalization of $60.56 billion, a price-to-earnings ratio of 31.61, a P/E/G ratio of 2.95 and a beta of 1.03. 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 announced its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. Roper Technologies’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the firm posted $4.32 earnings per share. On average, research analysts expect that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. Roper Technologies’s payout ratio is presently 21.95%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Truist Financial reissued a “buy” rating and set a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Jefferies Financial Group increased their price target on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Oppenheimer lowered their price objective 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. Finally, Robert W. Baird increased their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.