RDA Financial Network Buys 405 Shares of Roper Technologies, Inc. (NYSE:ROP)

RDA Financial Network lifted its position in Roper Technologies, Inc. (NYSE:ROP) by 20.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,433 shares of the industrial products company’s stock after purchasing an additional 405 shares during the quarter. RDA Financial Network’s holdings in Roper Technologies were worth $1,265,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ROP. Fairscale Capital LLC purchased a new position in shares of Roper Technologies in the second quarter valued at $28,000. Fortitude Family Office LLC purchased a new stake in shares of Roper Technologies during the 3rd quarter valued at about $28,000. Global Wealth Strategies & Associates purchased a new position in Roper Technologies in the third quarter worth about $37,000. Kimelman & Baird LLC bought a new stake in shares of Roper Technologies in the 2nd quarter valued at approximately $42,000. Finally, Central Pacific Bank Trust Division increased its position in shares of Roper Technologies by 34.4% during the 3rd quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 22 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Stock Performance

Shares of NYSE:ROP opened at $519.10 on Friday. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $580.09. The firm has a 50 day moving average of $540.75 and a 200 day moving average of $546.48. The company has a market capitalization of $55.66 billion, a price-to-earnings ratio of 28.12, a price-to-earnings-growth ratio of 2.40 and a beta of 1.04. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41.

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 net margin of 21.78% and a return on equity of 10.73%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the firm earned $4.32 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, sell-side analysts predict that Roper Technologies, Inc. will post 18.29 earnings per share for the current fiscal 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 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 dividend yield of 0.64%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio is 24.14%.

Insider Buying and Selling

In other Roper Technologies 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 transaction of $550,000.00. Following the completion of the sale, the director now owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.87% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ROP has been the topic of a number of analyst reports. Barclays cut their price objective on shares of Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada reduced their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Robert W. Baird lifted their target price on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Oppenheimer started coverage on shares of Roper Technologies in a research note on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price target on the stock. Finally, Truist Financial reaffirmed a “buy” rating and set a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $623.33.

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.