Concurrent Investment Advisors LLC Has $2.13 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Concurrent Investment Advisors LLC boosted its position in Roper Technologies, Inc. (NYSE:ROP) by 9.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,819 shares of the industrial products company’s stock after acquiring an additional 320 shares during the period. Concurrent Investment Advisors LLC’s holdings in Roper Technologies were worth $2,125,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ballast Advisors LLC raised its stake in shares of Roper Technologies by 1.3% during the third quarter. Ballast Advisors LLC now owns 1,656 shares of the industrial products company’s stock worth $921,000 after buying an additional 21 shares during the last quarter. Marks Group Wealth Management Inc raised its position in shares of Roper Technologies by 278.6% during the 3rd quarter. Marks Group Wealth Management Inc now owns 20,908 shares of the industrial products company’s stock valued at $11,634,000 after acquiring an additional 15,386 shares during the last quarter. Crestwood Advisors Group LLC lifted its stake in shares of Roper Technologies by 1.4% in the 3rd quarter. Crestwood Advisors Group LLC now owns 88,197 shares of the industrial products company’s stock valued at $49,076,000 after purchasing an additional 1,196 shares during the period. United Advisor Group LLC boosted its position in shares of Roper Technologies by 26.2% in the 3rd quarter. United Advisor Group LLC now owns 862 shares of the industrial products company’s stock worth $480,000 after purchasing an additional 179 shares during the last quarter. Finally, Martin Investment Management LLC grew its stake in shares of Roper Technologies by 3.5% during the third quarter. Martin Investment Management LLC now owns 12,578 shares of the industrial products company’s stock worth $6,999,000 after purchasing an additional 431 shares during the period. 93.31% of the stock is owned by institutional investors.

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 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 $18,125,250. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on ROP shares. Oppenheimer decreased their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Truist Financial reissued a “buy” rating and set a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Jefferies Financial Group lifted their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada lowered their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, Mizuho boosted their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $620.80.

Roper Technologies Price Performance

NYSE:ROP opened at $572.26 on Friday. Roper Technologies, Inc. has a 52-week low of $507.59 and a 52-week high of $579.10. The company has a market cap of $61.36 billion, a P/E ratio of 41.86, a P/E/G ratio of 2.83 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The stock’s 50-day simple moving average is $550.83 and its 200 day simple moving average is $546.24.

Roper Technologies (NYSE:ROP) last announced 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 return on equity of 10.73% and a net margin of 21.78%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the prior year, the business posted $4.32 EPS. The business’s revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th were issued a $0.75 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.52%. Roper Technologies’s payout ratio is 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.