Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Goodman Advisory Group LLC

Goodman Advisory Group LLC cut its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,713 shares of the industrial products company’s stock after selling 153 shares during the period. Goodman Advisory Group LLC’s holdings in Roper Technologies were worth $3,179,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ROP. Ledyard National Bank lifted its stake in shares of Roper Technologies by 2.1% in the third quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock worth $499,000 after acquiring an additional 18 shares in the last quarter. Western Financial Corp CA increased its stake in shares of Roper Technologies by 1.1% in the second quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company’s stock worth $973,000 after buying an additional 19 shares during the last quarter. AMG National Trust Bank raised its holdings in Roper Technologies by 5.1% in the second quarter. AMG National Trust Bank now owns 391 shares of the industrial products company’s stock valued at $220,000 after acquiring an additional 19 shares in the last quarter. Cromwell Holdings LLC boosted its stake in Roper Technologies by 6.8% during the 3rd quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock valued at $185,000 after acquiring an additional 21 shares during the last quarter. Finally, Hibernia Wealth Partners LLC increased its position in shares of Roper Technologies by 4.2% in the 3rd quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company’s stock worth $291,000 after purchasing an additional 21 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Thursday, October 24th. The shares were 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 approximately $18,125,250. The trade was a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.87% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on ROP shares. Royal Bank of Canada decreased their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Jefferies Financial Group upped their price target on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Robert W. Baird lifted their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Truist Financial restated a “buy” rating and issued a $665.00 price target (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Finally, Mizuho raised their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. One investment 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 stock. According to MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and an average price target of $615.20.

Roper Technologies Stock Performance

ROP stock opened at $548.42 on Tuesday. The company has a market capitalization of $58.81 billion, a P/E ratio of 40.12, a PEG ratio of 2.88 and a beta of 1.02. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The company has a 50-day simple moving average of $554.14 and a 200 day simple moving average of $551.56. Roper Technologies, Inc. has a fifty-two week low of $508.22 and a fifty-two week high of $580.09.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS 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 analyst estimates of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the business earned $4.32 earnings per share. Sell-side analysts predict that Roper Technologies, Inc. will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.60%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio (DPR) is currently 21.95%.

Roper Technologies Company 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.