XML Financial LLC Buys 45 Shares of Roper Technologies, Inc. (NYSE:ROP)

XML Financial LLC increased its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.9% during the 3rd quarter, Holdings Channel reports. The fund owned 961 shares of the industrial products company’s stock after acquiring an additional 45 shares during the period. XML Financial LLC’s holdings in Roper Technologies were worth $535,000 as of its most recent SEC filing.

Other large 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 first quarter worth approximately $25,000. Fairscale Capital LLC bought a new position in shares of Roper Technologies in the 2nd quarter worth $28,000. Fortitude Family Office LLC acquired a new stake in Roper Technologies in the 3rd quarter valued at $28,000. Versant Capital Management Inc increased its stake in Roper Technologies by 58.8% during the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after purchasing an additional 20 shares in the last quarter. Finally, Valley Wealth Managers Inc. bought a new position in shares of Roper Technologies in the second quarter valued at $31,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value 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 approximately $18,125,250. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Mizuho boosted their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Robert W. Baird raised their target price on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Royal Bank of Canada decreased 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. Oppenheimer cut their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Finally, Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $620.80.

Roper Technologies Stock Down 0.8 %

Roper Technologies stock opened at $567.62 on Monday. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $60.87 billion, a P/E ratio of 41.52, a P/E/G ratio of 2.96 and a beta of 1.03. The firm has a 50 day moving average price of $551.46 and a 200-day moving average price of $546.67. Roper Technologies, Inc. has a twelve month low of $508.07 and a twelve month high of $579.10.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.72 billion. During the same period 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 predict that Roper Technologies, Inc. will post 18.24 EPS 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 given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. 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 (DPR) is currently 21.95%.

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.