Ascent Wealth Partners LLC Has $7.78 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Ascent Wealth Partners LLC decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.9% in the third quarter, Holdings Channel.com reports. The firm owned 13,979 shares of the industrial products company’s stock after selling 127 shares during the period. Ascent Wealth Partners LLC’s holdings in Roper Technologies were worth $7,778,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ROP. Vanguard Group Inc. boosted its position in Roper Technologies by 1.3% during the first quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock valued at $5,648,796,000 after purchasing an additional 125,387 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Roper Technologies by 24.4% in the second quarter. American Century Companies Inc. now owns 605,769 shares of the industrial products company’s stock worth $341,448,000 after buying an additional 118,971 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Roper Technologies by 4.0% in the second quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company’s stock worth $1,512,813,000 after buying an additional 102,199 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Roper Technologies by 31.0% in the second quarter. Bank of Montreal Can now owns 338,887 shares of the industrial products company’s stock worth $192,176,000 after buying an additional 80,255 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Roper Technologies by 95.1% in the second quarter. SG Americas Securities LLC now owns 161,834 shares of the industrial products company’s stock worth $91,219,000 after buying an additional 78,870 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Performance

ROP traded up $2.19 on Thursday, hitting $566.86. 3,086 shares of the stock traded hands, compared to its average volume of 494,315. Roper Technologies, Inc. has a 52 week low of $507.59 and a 52 week high of $579.10. 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 firm has a market capitalization of $60.78 billion, a PE ratio of 41.31, a P/E/G ratio of 2.83 and a beta of 1.03. The business has a fifty day moving average price of $550.83 and a two-hundred day moving average price of $546.24.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the previous year, the company posted $4.32 earnings per share. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, research analysts predict that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Tuesday, October 8th. Roper Technologies’s payout ratio is 21.95%.

Analysts Set New Price Targets

A number of analysts have weighed in on ROP shares. Mizuho boosted their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Oppenheimer reduced their price target 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. Royal Bank of Canada reduced their price target on 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 reiterated a “buy” rating and issued a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Finally, Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $620.80.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction that occurred 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 directly owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.87% of the company’s stock.

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.