Advisors Asset Management Inc. Buys 549 Shares of Roper Technologies, Inc. (NYSE:ROP)

Advisors Asset Management Inc. lifted its position in Roper Technologies, Inc. (NYSE:ROP) by 15.7% during the 3rd quarter, Holdings Channel reports. The firm owned 4,036 shares of the industrial products company’s stock after buying an additional 549 shares during the quarter. Advisors Asset Management Inc.’s holdings in Roper Technologies were worth $2,246,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Kirtland Hills Capital Management LLC boosted its position in Roper Technologies by 6.4% in the third quarter. Kirtland Hills Capital Management LLC now owns 3,203 shares of the industrial products company’s stock valued at $1,782,000 after buying an additional 193 shares in the last quarter. Commerce Bank grew its position in Roper Technologies by 3.1% during the 3rd quarter. Commerce Bank now owns 6,538 shares of the industrial products company’s stock worth $3,638,000 after acquiring an additional 195 shares during the last quarter. Segall Bryant & Hamill LLC raised its position in Roper Technologies by 2.9% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 22,774 shares of the industrial products company’s stock valued at $12,672,000 after purchasing an additional 634 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in Roper Technologies in the third quarter worth $4,350,000. Finally, Yardley Wealth Management LLC bought a new stake in shares of Roper Technologies during the third quarter worth $803,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Trading Up 1.1 %

NYSE:ROP opened at $560.14 on Monday. The firm has a market capitalization of $60.06 billion, a price-to-earnings ratio of 40.98, a PEG ratio of 2.89 and a beta of 1.03. Roper Technologies, Inc. has a 1-year low of $508.22 and a 1-year high of $579.10. The business’s 50-day moving average price is $552.43 and its two-hundred day moving average price is $549.43. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41.

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, topping the consensus estimate of $4.53 by $0.09. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. Roper Technologies’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $4.32 EPS. On average, equities analysts expect that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Increases Dividend

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

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the transaction, the director now owns 32,955 shares in the company, valued at $18,125,250. The trade was a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Royal Bank of Canada cut their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Truist Financial reaffirmed a “buy” rating and issued a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Robert W. Baird increased their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. 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 report on Friday, August 16th. Finally, Mizuho lifted their target price on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Three research 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 MarketBeat, the stock 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.