Roper Technologies, Inc. (NYSE:ROP) Position Lessened by Ascent Wealth Partners LLC

Ascent Wealth Partners LLC decreased its stake in Roper Technologies, Inc. (NYSE:ROP) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,979 shares of the industrial products company’s stock after selling 127 shares during the period. Ascent Wealth Partners LLC’s holdings in Roper Technologies were worth $7,778,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. New Covenant Trust Company N.A. bought a new stake in shares of Roper Technologies in the 1st quarter worth approximately $25,000. Fairscale Capital LLC acquired a new stake in Roper Technologies in the 2nd quarter valued at approximately $28,000. Fortitude Family Office LLC acquired a new stake in Roper Technologies in the 3rd quarter valued at approximately $28,000. Versant Capital Management Inc increased its position in Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 20 shares during the period. Finally, Valley Wealth Managers Inc. acquired a new stake in Roper Technologies in the 2nd quarter valued at approximately $31,000. Institutional investors own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on ROP shares. Oppenheimer lowered their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Jefferies Financial Group raised their target price on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Royal Bank of Canada lowered their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Barclays raised their target price on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Finally, Robert W. Baird lifted their price target on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. 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. Based on data from MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $620.80.

Roper Technologies Price Performance

Shares of NYSE ROP traded up $2.19 during mid-day trading on Thursday, reaching $566.86. The company had a trading volume of 3,086 shares, compared to its average volume of 494,315. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The stock has a market cap of $60.78 billion, a PE ratio of 41.31, a P/E/G ratio of 2.83 and a beta of 1.03. The company has a 50-day moving average price of $550.83 and a two-hundred day moving average price of $546.24. Roper Technologies, Inc. has a 1-year low of $507.59 and a 1-year high of $579.10.

Roper Technologies (NYSE:ROP) last issued its earnings results 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. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm posted $4.32 EPS. On average, equities analysts anticipate that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th were given a $0.75 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.53%. Roper Technologies’s dividend payout ratio (DPR) is presently 21.95%.

Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the sale, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.87% of the stock is currently owned by 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.