Cassaday & Co Wealth Management LLC Has $234,000 Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Cassaday & Co Wealth Management LLC grew its position in Roper Technologies, Inc. (NYSE:ROP) by 12.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 421 shares of the industrial products company’s stock after purchasing an additional 45 shares during the quarter. Cassaday & Co Wealth Management LLC’s holdings in Roper Technologies were worth $234,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new position in Roper Technologies during the 1st quarter worth $25,000. Fairscale Capital LLC acquired a new stake in shares of Roper Technologies in the 2nd quarter valued at approximately $28,000. Fortitude Family Office LLC bought a new stake in shares of Roper Technologies during the 3rd quarter valued at approximately $28,000. Versant Capital Management Inc increased its position in Roper Technologies by 58.8% during the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 20 shares in the last quarter. Finally, Valley Wealth Managers Inc. bought a new position in Roper Technologies in the 2nd quarter valued at approximately $31,000. Institutional investors own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the 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 completion of the transaction, the director now directly owns 32,955 shares of the company’s stock, valued at $18,125,250. This represents a 2.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.87% of the stock is currently owned by company insiders.

Roper Technologies Stock Up 0.2 %

Shares of Roper Technologies stock opened at $549.37 on Tuesday. The firm has a market cap of $58.91 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 2.86 and a beta of 1.03. The stock’s 50-day moving average is $552.31 and its 200 day moving average is $548.46. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. Roper Technologies, Inc. has a one year low of $508.22 and a one year high of $579.10.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating the consensus estimate of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the business posted $4.32 EPS. Roper Technologies’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities research analysts anticipate that Roper Technologies, Inc. will post 18.24 EPS for the current year.

Roper Technologies Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on ROP shares. Robert W. Baird upped their price target 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. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Mizuho raised their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Jefferies Financial Group boosted their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Oppenheimer lowered 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. 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 company’s stock. Based on data from MarketBeat.com, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target 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.