Roper Technologies, Inc. (NYSE:ROP) Stake Boosted by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC increased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 1,352.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,709 shares of the industrial products company’s stock after acquiring an additional 5,316 shares during the period. Icon Wealth Advisors LLC’s holdings in Roper Technologies were worth $3,177,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC raised its stake in shares of 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 purchasing an additional 1,024 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in 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 valued at $136,455,000 after acquiring an additional 2,399 shares during the last quarter. PGGM Investments grew its position in 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 acquiring an additional 63,947 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Roper Technologies by 201.6% in the first quarter. Cetera Investment Advisers now owns 20,340 shares of the industrial products company’s stock worth $11,408,000 after buying an additional 13,597 shares during the last quarter. Finally, CIBC Asset Management Inc increased its holdings in shares of Roper Technologies by 3.7% during the 3rd quarter. CIBC Asset Management Inc now owns 49,221 shares of the industrial products company’s stock valued at $27,382,000 after acquiring an additional 1,775 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction dated 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 transaction, the director now directly owns 32,955 shares of the company’s stock, valued at $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ROP shares. Truist Financial reiterated a “buy” rating and set a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Royal Bank of Canada reduced 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. Oppenheimer lowered their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Jefferies Financial Group raised their price objective on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, Mizuho boosted their price objective on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $620.80.

Roper Technologies Stock Performance

Roper Technologies stock opened at $553.82 on Friday. Roper Technologies, Inc. has a 52-week low of $508.22 and a 52-week high of $579.10. 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 fifty day moving average price of $552.26 and a two-hundred day moving average price of $548.72. The firm has a market capitalization of $59.39 billion, a P/E ratio of 40.51, a P/E/G ratio of 2.86 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.53 by $0.09. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the firm posted $4.32 EPS. As a group, analysts anticipate that Roper Technologies, Inc. will post 18.24 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. Investors of record on Friday, January 3rd will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 3rd. Roper Technologies’s dividend payout ratio (DPR) is currently 21.95%.

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.