Western Financial Corp CA Has $975,000 Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Western Financial Corp CA boosted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 1.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 1,753 shares of the industrial products company’s stock after acquiring an additional 26 shares during the quarter. Western Financial Corp CA’s holdings in Roper Technologies were worth $975,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ROP. New Covenant Trust Company N.A. bought a new stake in shares of Roper Technologies during the 1st quarter worth approximately $25,000. Fairscale Capital LLC bought a new stake in shares of Roper Technologies during the 2nd quarter valued at about $28,000. OFI Invest Asset Management bought a new stake in shares of Roper Technologies during the first quarter valued at approximately $29,000. Versant Capital Management Inc lifted its holdings in shares of Roper Technologies by 58.8% in 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. Finally, Valley Wealth Managers Inc. bought a new position in shares of Roper Technologies in the second quarter valued at approximately $31,000. Institutional investors own 93.31% of the company’s stock.

Insider Activity

In related news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the sale, the director now directly owns 5,909 shares of the company’s stock, valued at $3,251,959.06. 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. Insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

ROP has been the topic of a number of analyst reports. Royal Bank of Canada boosted their target price on shares of Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Robert W. Baird raised shares of Roper Technologies from a “neutral” rating to an “outperform” rating and raised their price target for the company from $617.00 to $635.00 in a report on Thursday, July 25th. Truist Financial reaffirmed a “buy” rating and issued a $660.00 price target on shares of Roper Technologies in a report on Tuesday, August 27th. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Finally, Barclays upped their target price on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $619.50.

Roper Technologies Trading Down 0.3 %

NYSE:ROP traded down $1.54 during trading hours on Monday, reaching $556.08. The company’s stock had a trading volume of 177,139 shares, compared to its average volume of 494,842. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. The firm has a market capitalization of $59.53 billion, a price-to-earnings ratio of 40.47, a PEG ratio of 2.90 and a beta of 1.02. The firm has a 50-day simple moving average of $549.91 and a 200-day simple moving average of $545.28. Roper Technologies, Inc. has a 1 year low of $474.46 and a 1 year high of $579.10.

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

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend is Tuesday, October 8th. Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%.

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.