Dash Acquisitions Inc. Boosts Position in Roper Technologies, Inc. (NYSE:ROP)

Dash Acquisitions Inc. lifted its position in Roper Technologies, Inc. (NYSE:ROP) by 9.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,776 shares of the industrial products company’s stock after purchasing an additional 829 shares during the quarter. Roper Technologies comprises about 1.3% of Dash Acquisitions Inc.’s holdings, making the stock its 21st biggest holding. Dash Acquisitions Inc.’s holdings in Roper Technologies were worth $5,298,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Roper Technologies by 497.6% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,329 shares of the industrial products company’s stock worth $5,232,000 after buying an additional 7,768 shares during the last quarter. ORG Partners LLC raised its position in Roper Technologies by 764.2% in the second quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock valued at $652,000 after purchasing an additional 1,024 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of Roper Technologies by 1.0% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 240,633 shares of the industrial products company’s stock valued at $136,455,000 after purchasing an additional 2,399 shares during the last quarter. Duality Advisers LP grew its holdings in shares of Roper Technologies by 355.4% during the 1st quarter. Duality Advisers LP now owns 12,026 shares of the industrial products company’s stock worth $6,745,000 after purchasing an additional 9,385 shares during the period. Finally, Forsta AP Fonden increased its position in shares of Roper Technologies by 15.7% during the 1st quarter. Forsta AP Fonden now owns 20,600 shares of the industrial products company’s stock worth $11,553,000 after purchasing an additional 2,800 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Trading Up 0.6 %

ROP opened at $540.91 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The stock has a market capitalization of $58.00 billion, a price-to-earnings ratio of 39.57, a PEG ratio of 2.86 and a beta of 1.02. The business has a fifty day moving average price of $550.81 and a 200 day moving average price of $545.68. Roper Technologies, Inc. has a 12 month low of $486.82 and a 12 month high of $579.10.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 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 business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the company posted $4.32 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. Sell-side analysts expect that Roper Technologies, Inc. will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th were given a dividend of $0.75 per share. The ex-dividend date was Tuesday, October 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. Roper Technologies’s dividend payout ratio (DPR) is currently 21.95%.

Insider Buying and Selling

In other Roper Technologies 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 sale, the director now directly owns 32,955 shares in the company, valued at $18,125,250. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Barclays upped their target price on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Jefferies Financial Group increased their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Royal Bank of Canada cut 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. Robert W. Baird raised their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Truist Financial reiterated a “buy” rating and issued a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.