Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Strategic Blueprint LLC

Strategic Blueprint LLC lifted its position in Roper Technologies, Inc. (NYSE:ROP) by 29.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 764 shares of the industrial products company’s stock after purchasing an additional 176 shares during the quarter. Strategic Blueprint LLC’s holdings in Roper Technologies were worth $425,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ROP. Farmers & Merchants Investments Inc. increased its stake in Roper Technologies by 2.0% in the third quarter. Farmers & Merchants Investments Inc. now owns 41,251 shares of the industrial products company’s stock valued at $22,954,000 after purchasing an additional 799 shares during the period. Fortitude Family Office LLC acquired a new position in Roper Technologies in the 3rd quarter valued at about $28,000. China Universal Asset Management Co. Ltd. raised its stake in Roper Technologies by 111.2% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 1,360 shares of the industrial products company’s stock valued at $757,000 after acquiring an additional 716 shares during the last quarter. abrdn plc lifted its position in Roper Technologies by 58.9% during the 3rd quarter. abrdn plc now owns 35,495 shares of the industrial products company’s stock worth $19,714,000 after acquiring an additional 13,153 shares during the period. Finally, SFE Investment Counsel grew its stake in shares of Roper Technologies by 1.9% in the 3rd quarter. SFE Investment Counsel now owns 8,879 shares of the industrial products company’s stock valued at $4,941,000 after purchasing an additional 165 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on ROP shares. Oppenheimer cut their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Mizuho boosted their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Barclays raised their price objective on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Finally, Robert W. Baird boosted 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. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $620.80.

Insider Activity

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the 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 sale, the director now owns 32,955 shares in the company, valued at approximately $18,125,250. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

ROP opened at $537.73 on Friday. The stock’s 50 day simple moving average is $550.94 and its 200 day simple moving average is $545.60. The stock has a market cap of $57.66 billion, a P/E ratio of 39.34, a P/E/G ratio of 2.83 and a beta of 1.02. Roper Technologies, Inc. has a 1-year low of $483.56 and a 1-year high of $579.10. 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 announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating 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 business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter last year, the business posted $4.32 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, equities analysts anticipate that Roper Technologies, Inc. will post 18.23 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Tuesday, October 8th. Roper Technologies’s dividend payout ratio (DPR) is presently 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.