Segall Bryant & Hamill LLC Increases Stake in Roper Technologies, Inc. (NYSE:ROP)

Segall Bryant & Hamill LLC boosted its position in Roper Technologies, Inc. (NYSE:ROP) by 2.9% in the third quarter, Holdings Channel.com reports. The firm owned 22,774 shares of the industrial products company’s stock after buying an additional 634 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Roper Technologies were worth $12,672,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New Covenant Trust Company N.A. bought a new position in Roper Technologies in the 1st quarter worth about $25,000. Fairscale Capital LLC bought a new position in shares of Roper Technologies in the second quarter worth approximately $28,000. Fortitude Family Office LLC purchased a new stake in shares of Roper Technologies during the third quarter valued at approximately $28,000. Versant Capital Management Inc grew its holdings in shares of Roper Technologies by 58.8% during the second 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 last quarter. Finally, Valley Wealth Managers Inc. bought a new stake in shares of Roper Technologies during the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on ROP. Truist Financial reiterated 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. Mizuho increased their price objective on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. 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. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Finally, Royal Bank of Canada lowered their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $620.80.

Roper Technologies Stock Up 0.3 %

ROP opened at $549.45 on Thursday. Roper Technologies, Inc. has a 1-year low of $508.22 and a 1-year high of $579.10. The firm’s 50 day simple moving average is $552.21 and its two-hundred day simple moving average is $548.68. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $58.92 billion, a PE ratio of 30.65, a PEG ratio of 2.86 and a beta of 1.03.

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, topping the consensus estimate of $4.53 by $0.09. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $4.32 earnings per share. As a group, equities analysts forecast that Roper Technologies, Inc. will post 18.24 EPS 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 paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Friday, January 3rd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio is presently 21.95%.

Insider Activity at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.87% of the stock is owned by corporate insiders.

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.