Dynamic Technology Lab Private Ltd Acquires New Holdings in Roper Technologies, Inc. (NYSE:ROP)

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Roper Technologies, Inc. (NYSE:ROP) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,290 shares of the industrial products company’s stock, valued at approximately $718,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ROP. Ledyard National Bank lifted its stake in shares of Roper Technologies by 2.1% during the 3rd quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock valued at $499,000 after buying an additional 18 shares in the last quarter. Western Financial Corp CA lifted its position in Roper Technologies by 1.1% during the second quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company’s stock valued at $973,000 after purchasing an additional 19 shares during the last quarter. AMG National Trust Bank lifted its stake in shares of Roper Technologies by 5.1% in the 2nd quarter. AMG National Trust Bank now owns 391 shares of the industrial products company’s stock valued at $220,000 after purchasing an additional 19 shares during the last quarter. Versant Capital Management Inc lifted its position in Roper Technologies by 58.8% in the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after buying an additional 20 shares during the last quarter. Finally, Cromwell Holdings LLC boosted its stake in shares of Roper Technologies by 6.8% during the 3rd quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 21 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

Shares of NYSE ROP opened at $564.35 on Friday. The stock has a market cap of $60.52 billion, a price-to-earnings ratio of 41.28, a PEG ratio of 2.91 and a beta of 1.03. Roper Technologies, Inc. has a 12 month low of $508.22 and a 12 month high of $579.10. The company has a 50 day simple moving average of $553.01 and a two-hundred day simple moving average of $550.14. 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 announced its quarterly earnings results 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. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. Roper Technologies’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the business earned $4.32 earnings per share. As a group, analysts predict that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Increases Dividend

The business also recently declared 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 represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. Roper Technologies’s payout ratio is 21.95%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ROP shares. Mizuho raised their price objective on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Jefferies Financial Group lifted their price objective on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a report on Friday, August 16th. Royal Bank of Canada lowered their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Truist Financial reissued a “buy” rating and set a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Finally, Robert W. Baird increased their target price on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $620.80.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the business’s 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 completion of the transaction, the director now directly owns 32,955 shares of the company’s stock, 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 through this hyperlink. Company insiders own 0.87% of the company’s stock.

Roper Technologies Company 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.