Marco Investment Management LLC Raises Stake in Roper Technologies, Inc. (NYSE:ROP)

Marco Investment Management LLC grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,096 shares of the industrial products company’s stock after buying an additional 85 shares during the period. Marco Investment Management LLC’s holdings in Roper Technologies were worth $5,061,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ROP. ORG Partners LLC increased its holdings in Roper Technologies by 764.2% during the 2nd quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock worth $652,000 after acquiring an additional 1,024 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in shares of Roper Technologies by 1.0% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 240,633 shares of the industrial products company’s stock worth $136,455,000 after purchasing an additional 2,399 shares during the period. PGGM Investments raised its position in shares of Roper Technologies by 739.4% in the second quarter. PGGM Investments now owns 72,596 shares of the industrial products company’s stock worth $40,919,000 after buying an additional 63,947 shares in the last quarter. Cetera Investment Advisers boosted its stake in Roper Technologies by 201.6% during the first quarter. Cetera Investment Advisers now owns 20,340 shares of the industrial products company’s stock valued at $11,408,000 after buying an additional 13,597 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Roper Technologies by 5.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company’s stock worth $19,282,000 after acquiring an additional 1,789 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the sale, the director now directly owns 32,955 shares in the company, valued at approximately $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.87% of the stock is owned by insiders.

Roper Technologies Stock Performance

Roper Technologies stock opened at $560.14 on Friday. The firm has a fifty day simple moving average of $552.43 and a two-hundred day simple moving average of $549.23. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a twelve month low of $508.22 and a twelve month high of $579.10. The company has a market capitalization of $60.06 billion, a PE ratio of 40.98, a P/E/G ratio of 2.89 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last released 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. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the company posted $4.32 EPS. Roper Technologies’s revenue for the quarter was up 11.7% on a year-over-year basis. Research analysts expect that Roper Technologies, Inc. will post 18.24 EPS for the current year.

Roper Technologies Increases Dividend

The company also recently announced 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 is a boost from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. Roper Technologies’s dividend payout ratio (DPR) is currently 21.95%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ROP shares. Royal Bank of Canada dropped their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Robert W. Baird lifted their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Jefferies Financial Group increased their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Truist Financial restated a “buy” rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Finally, Mizuho upped their target price 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. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $620.80.

About Roper Technologies

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.