Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Hamilton Point Investment Advisors LLC

Hamilton Point Investment Advisors LLC reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 11,519 shares of the industrial products company’s stock after selling 88 shares during the quarter. Hamilton Point Investment Advisors LLC’s holdings in Roper Technologies were worth $6,409,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new stake in shares of Roper Technologies in the first quarter valued at $25,000. Fairscale Capital LLC purchased a new stake in shares of Roper Technologies in the 2nd quarter valued at approximately $28,000. Fortitude Family Office LLC acquired a new stake in shares of Roper Technologies in the third quarter worth $28,000. Versant Capital Management Inc increased its stake in Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after buying an additional 20 shares during the period. Finally, Valley Wealth Managers Inc. acquired a new stake in Roper Technologies during the second quarter valued at $31,000. 93.31% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction 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 of the company’s stock, valued at $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on ROP shares. Robert W. Baird boosted their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Mizuho increased their target price 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. 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 research note on Thursday, October 24th. Royal Bank of Canada dropped their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, Jefferies Financial Group boosted their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and an average target price of $620.80.

Roper Technologies Stock Up 1.1 %

ROP stock opened at $560.14 on Friday. Roper Technologies, Inc. has a fifty-two week low of $508.22 and a fifty-two week high of $579.10. The stock has a market capitalization of $60.06 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 2.89 and a beta of 1.03. The business’s fifty day moving average price is $552.43 and its two-hundred day moving average price is $549.03. 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 (NYSE:ROP) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS 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 analysts’ expectations of $1.72 billion. During the same period in the previous year, the company earned $4.32 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities analysts anticipate that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a $0.825 dividend. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Friday, January 3rd. Roper Technologies’s dividend payout ratio is 21.95%.

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.