Roper Technologies, Inc. $ROP Shares Newly Acquired by Guardian Wealth Advisors LLC

Guardian Wealth Advisors LLC purchased a new stake in shares of Roper Technologies, Inc. (NASDAQ:ROP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,361 shares of the industrial products company’s stock, valued at approximately $476,000.

Other institutional investors have also modified their holdings of the company. Core Capital Management & Research inc. purchased a new position in Roper Technologies in the second quarter worth $2,472,000. PNC Financial Services Group Inc. increased its position in shares of Roper Technologies by 14.5% during the first quarter. PNC Financial Services Group Inc. now owns 34,615 shares of the industrial products company’s stock worth $12,249,000 after purchasing an additional 4,384 shares in the last quarter. Banyan Capital Management Inc. purchased a new stake in shares of Roper Technologies during the 1st quarter valued at $6,439,000. Tidal Investments LLC lifted its holdings in shares of Roper Technologies by 39.5% during the 2nd quarter. Tidal Investments LLC now owns 21,533 shares of the industrial products company’s stock valued at $7,287,000 after purchasing an additional 6,098 shares during the last quarter. Finally, Paralel Advisors LLC purchased a new stake in shares of Roper Technologies during the 2nd quarter valued at $2,210,000. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Price Performance

NASDAQ ROP opened at $473.58 on Wednesday. The company has a market cap of $46.84 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 2.38 and a beta of 0.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.43 and a quick ratio of 0.39. The stock’s fifty day moving average price is $394.86 and its 200 day moving average price is $366.06. Roper Technologies, Inc. has a 1 year low of $305.96 and a 1 year high of $484.21.

Roper Technologies (NASDAQ:ROP) last issued its quarterly earnings results on Thursday, October 22nd. The industrial products company reported $5.89 EPS for the quarter, topping analysts’ consensus estimates of $5.79 by $0.10. The company had revenue of $2.17 billion during the quarter. Roper Technologies had a return on equity of 11.64% and a net margin of 30.71%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $5.14 EPS. As a group, equities research analysts forecast that Roper Technologies, Inc. will post 22.38 earnings per share for the current year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, October 2nd. Roper Technologies’s dividend payout ratio (DPR) is presently 14.36%.

Insider Transactions at Roper Technologies

In related news, EVP John K. Stipancich sold 3,500 shares of the stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $449.04, for a total value of $1,571,640.00. Following the transaction, the executive vice president owned 35,434 shares in the company, valued at approximately $15,911,283.36. This represents a 8.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jason Conley sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $435.53, for a total transaction of $5,226,360.00. Following the transaction, the executive vice president directly owned 28,457 shares of the company’s stock, valued at $12,393,877.21. This represents a 29.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

ROP has been the topic of several research analyst reports. Argus upgraded Roper Technologies from a “hold” rating to a “buy” rating and set a $450.00 target price on the stock in a research note on Thursday, August 6th. Jefferies Financial Group raised their price target on Roper Technologies from $500.00 to $540.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. Piper Sandler dropped their price target on Roper Technologies from $540.00 to $526.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. JPMorgan Chase & Co. upgraded shares of Roper Technologies from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $415.00 to $490.00 in a report on Monday, October 26th. Finally, Mizuho set a $355.00 price objective on shares of Roper Technologies in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Roper Technologies currently has an average rating of “Hold” and a consensus target price of $469.41.

Roper Technologies Company Profile

Roper Technologies, Inc is a diversified technology company that develops and acquires businesses serving specialized markets. Its portfolio includes application software, network software and technology-enabled products used by businesses, healthcare organizations, government agencies and other institutions.

The company’s software businesses provide solutions for areas such as education administration, healthcare information management, enterprise asset management, compliance, legal and construction workflows, and financial services.