Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. grew its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 730 shares of the industrial products company’s stock after purchasing an additional 27 shares during the quarter. Blue Trust Inc.’s holdings in Roper Technologies were worth $412,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New Covenant Trust Company N.A. bought a new stake in Roper Technologies during the 1st quarter valued at $25,000. Fairscale Capital LLC acquired a new position in shares of Roper Technologies during the second quarter valued at $28,000. Versant Capital Management Inc raised its stake in shares of 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 in the last quarter. Valley Wealth Managers Inc. acquired a new stake in shares of Roper Technologies in the 2nd quarter worth approximately $31,000. Finally, Covestor Ltd lifted its position in Roper Technologies by 50.0% in the first quarter. Covestor Ltd now owns 60 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 20 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ROP shares. Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $617.00 to $635.00 in a report on Thursday, July 25th. Truist Financial reissued a “buy” rating and set a $660.00 target price on shares of Roper Technologies in a research note on Tuesday, August 27th. 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 report on Thursday, October 17th. Jefferies Financial Group increased their price objective on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Oppenheimer decreased their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and an average target price of $619.50.

Insiders Place Their Bets

In related news, Director Robert D. Johnson sold 140 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the sale, the director now owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.87% of the company’s stock.

Roper Technologies Price Performance

NYSE ROP opened at $542.94 on Thursday. The company has a 50 day simple moving average of $551.48 and a 200-day simple moving average of $545.46. Roper Technologies, Inc. has a 52-week low of $474.46 and a 52-week high of $579.10. The firm has a market capitalization of $58.12 billion, a price-to-earnings ratio of 39.40, a price-to-earnings-growth ratio of 2.92 and a beta of 1.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, beating the consensus estimate of $4.46 by $0.02. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Equities research analysts predict that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th were paid a $0.75 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. Roper Technologies’s dividend payout ratio (DPR) is currently 21.77%.

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.