Capital Investment Counsel LLC Buys 820 Shares of Roper Technologies, Inc. (NYSE:ROP)

Capital Investment Counsel LLC raised its position in Roper Technologies, Inc. (NYSE:ROP) by 7.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 12,314 shares of the industrial products company’s stock after buying an additional 820 shares during the period. Capital Investment Counsel LLC’s holdings in Roper Technologies were worth $6,852,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in ROP. New Covenant Trust Company N.A. acquired a new stake in Roper Technologies in the first quarter worth about $25,000. Fairscale Capital LLC acquired a new stake in shares of Roper Technologies during the 2nd quarter worth approximately $28,000. Fortitude Family Office LLC bought a new stake in shares of Roper Technologies during the third quarter worth approximately $28,000. Versant Capital Management Inc lifted its holdings 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 valued at $30,000 after buying an additional 20 shares during the period. Finally, Valley Wealth Managers Inc. bought a new position in Roper Technologies in the second quarter valued at approximately $31,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction on Thursday, October 24th. The shares were 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 owns 32,955 shares in the company, valued at approximately $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.87% of the stock is owned by insiders.

Roper Technologies Stock Performance

Shares of ROP stock opened at $560.14 on Friday. The company has a market capitalization of $60.06 billion, a P/E ratio of 40.98, a price-to-earnings-growth ratio of 2.89 and a beta of 1.03. Roper Technologies, Inc. has a 52 week low of $508.22 and a 52 week high of $579.10. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The company’s 50 day moving average price is $552.43 and its two-hundred day moving average price is $549.23.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping analysts’ consensus estimates 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%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the business posted $4.32 earnings per share. On average, analysts expect that Roper Technologies, Inc. will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date 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%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Mizuho upped their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. 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 note on Thursday, October 24th. Royal Bank of Canada decreased their target price 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 reaffirmed a “buy” rating and issued a $665.00 price target (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Finally, Jefferies Financial Group lifted their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Three equities research 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 company. Based on data from MarketBeat.com, Roper Technologies presently 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.