Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC increased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 6.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 59,092 shares of the industrial products company’s stock after acquiring an additional 3,781 shares during the period. Cerity Partners LLC owned approximately 0.06% of Roper Technologies worth $32,881,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New Covenant Trust Company N.A. acquired a new stake in Roper Technologies in the first quarter valued at approximately $25,000. Fairscale Capital LLC acquired a new stake in Roper Technologies in the 2nd quarter valued at $28,000. Fortitude Family Office LLC purchased a new stake in Roper Technologies in the 3rd quarter worth $28,000. Versant Capital Management Inc raised its position in Roper Technologies by 58.8% during the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 20 shares during the period. Finally, Valley Wealth Managers Inc. purchased a new position in Roper Technologies during the second quarter valued at $31,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Up 1.1 %

Shares of Roper Technologies stock opened at $560.14 on Monday. The stock has a 50 day moving average of $552.43 and a 200 day moving average of $549.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The firm has a market capitalization of $60.06 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 2.93 and a beta of 1.03. Roper Technologies, Inc. has a fifty-two week low of $508.22 and a fifty-two week high of $579.10.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the company earned $4.32 EPS. The company’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, research analysts predict that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Increases Dividend

The business also recently disclosed 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 positive change from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Friday, January 3rd. Roper Technologies’s dividend payout ratio is currently 21.95%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Royal Bank of Canada cut their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Truist Financial reissued a “buy” rating and set a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Robert W. Baird lifted their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Mizuho increased their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Jefferies Financial Group upped their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and an average target price of $620.80.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the company’s stock in a transaction on 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 in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. 0.87% of the stock is currently owned by corporate insiders.

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.