Tidal Investments LLC Buys 823 Shares of Roper Technologies, Inc. (NYSE:ROP)

Tidal Investments LLC increased its stake in Roper Technologies, Inc. (NYSE:ROP) by 8.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,466 shares of the industrial products company’s stock after buying an additional 823 shares during the quarter. Tidal Investments LLC’s holdings in Roper Technologies were worth $5,824,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Diversified Trust Co boosted its stake in shares of Roper Technologies by 33.5% during the 2nd quarter. Diversified Trust Co now owns 490 shares of the industrial products company’s stock worth $276,000 after purchasing an additional 123 shares during the period. Blue Trust Inc. boosted its position in shares of Roper Technologies by 384.8% during the second quarter. Blue Trust Inc. now owns 703 shares of the industrial products company’s stock valued at $394,000 after buying an additional 558 shares during the period. Brookstone Capital Management grew its stake in shares of Roper Technologies by 13.5% during the second quarter. Brookstone Capital Management now owns 1,111 shares of the industrial products company’s stock valued at $635,000 after buying an additional 132 shares during the last quarter. World Equity Group Inc. raised its holdings in shares of Roper Technologies by 24.8% in the second quarter. World Equity Group Inc. now owns 503 shares of the industrial products company’s stock worth $284,000 after buying an additional 100 shares during the period. Finally, Boomfish Wealth Group LLC lifted its stake in shares of Roper Technologies by 1.4% during the 2nd quarter. Boomfish Wealth Group LLC now owns 2,341 shares of the industrial products company’s stock worth $1,320,000 after acquiring an additional 32 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the transaction, the director now directly owns 32,955 shares of the company’s stock, valued at $18,125,250. This represents a 2.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.87% of the company’s stock.

Roper Technologies Trading Down 0.8 %

Shares of NYSE ROP opened at $543.66 on Friday. Roper Technologies, Inc. has a 1-year low of $508.22 and a 1-year high of $580.09. The business has a fifty day moving average price of $554.11 and a 200 day moving average price of $551.55. The stock has a market capitalization of $58.30 billion, a P/E ratio of 39.77, a price-to-earnings-growth ratio of 2.87 and a beta of 1.02. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44.

Roper Technologies (NYSE:ROP) last released its quarterly 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 analysts’ expectations of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business earned $4.32 EPS. Equities research analysts expect that Roper Technologies, Inc. will post 18.26 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, January 3rd. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.61%. Roper Technologies’s dividend payout ratio is presently 21.95%.

Analyst Ratings Changes

A number of analysts have weighed in on ROP shares. Mizuho increased their target price on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Royal Bank of Canada decreased their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Truist Financial restated a “buy” rating and issued a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Barclays reaffirmed an “underweight” rating and set a $569.00 price target (down previously from $625.00) on shares of Roper Technologies in a research note on Thursday, December 5th. Finally, Robert W. Baird increased their price objective on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $615.20.

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.