Icon Wealth Advisors LLC Has $3.18 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Icon Wealth Advisors LLC grew its stake in Roper Technologies, Inc. (NYSE:ROP) by 1,352.7% during the third quarter, HoldingsChannel.com reports. The firm owned 5,709 shares of the industrial products company’s stock after buying an additional 5,316 shares during the period. Icon Wealth Advisors LLC’s holdings in Roper Technologies were worth $3,177,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROP. ORG Partners LLC lifted its holdings in shares of Roper Technologies by 764.2% during the 2nd quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock valued at $652,000 after purchasing an additional 1,024 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in Roper Technologies by 1.0% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 240,633 shares of the industrial products company’s stock valued at $136,455,000 after purchasing an additional 2,399 shares during the last quarter. PGGM Investments increased its position in shares of Roper Technologies by 739.4% during the 2nd quarter. PGGM Investments now owns 72,596 shares of the industrial products company’s stock worth $40,919,000 after purchasing an additional 63,947 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of Roper Technologies by 201.6% during the 1st quarter. Cetera Investment Advisers now owns 20,340 shares of the industrial products company’s stock worth $11,408,000 after purchasing an additional 13,597 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of Roper Technologies by 3.7% in the 3rd quarter. CIBC Asset Management Inc now owns 49,221 shares of the industrial products company’s stock valued at $27,382,000 after buying an additional 1,775 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Up 0.8 %

NYSE:ROP opened at $553.82 on Friday. Roper Technologies, Inc. has a 52 week low of $508.22 and a 52 week high of $579.10. The firm’s fifty day moving average is $552.26 and its 200-day moving average is $548.72. The firm has a market cap of $59.39 billion, a P/E ratio of 40.51, a P/E/G ratio of 2.86 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business posted $4.32 EPS. 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 declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be paid a $0.825 dividend. 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. This represents a $3.30 annualized dividend and a yield of 0.60%. Roper Technologies’s payout ratio is 21.95%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ROP. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Oppenheimer decreased their target price on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Robert W. Baird upped their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Royal Bank of Canada cut their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Jefferies Financial Group upped their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and an average target price of $620.80.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction 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 sale, the director now directly owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.87% of the company’s stock.

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.