My Legacy Advisors LLC Sells 220 Shares of Roper Technologies, Inc. (NYSE:ROP)

My Legacy Advisors LLC decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 14.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,255 shares of the industrial products company’s stock after selling 220 shares during the quarter. My Legacy Advisors LLC’s holdings in Roper Technologies were worth $698,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. New Covenant Trust Company N.A. bought a new stake in shares of Roper Technologies in the 1st quarter valued at $25,000. Fairscale Capital LLC bought a new position in shares of Roper Technologies during the 2nd quarter worth approximately $28,000. Versant Capital Management Inc increased its holdings in Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 20 shares during the last quarter. Valley Wealth Managers Inc. purchased a new position in shares of Roper Technologies in the second quarter worth about $31,000. Finally, Covestor Ltd raised its stake in shares of Roper Technologies by 50.0% during the 1st quarter. Covestor Ltd now owns 60 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 20 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ROP shares. Truist Financial reaffirmed a “buy” rating and set a $660.00 target price on shares of Roper Technologies in a report on Tuesday, August 27th. Barclays raised their price objective on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research note on Wednesday, July 10th. Robert W. Baird raised shares of Roper Technologies from a “neutral” rating to an “outperform” rating and increased their price target for the company from $617.00 to $635.00 in a research report on Thursday, July 25th. Mizuho upped their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Baird R W upgraded 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 issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $619.50.

Roper Technologies Stock Down 0.8 %

NYSE:ROP traded down $4.22 on Tuesday, reaching $552.58. 119,732 shares of the stock traded hands, compared to its average volume of 494,203. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $59.24 billion, a price-to-earnings ratio of 41.24, a PEG ratio of 2.92 and a beta of 1.02. Roper Technologies, Inc. has a 12 month low of $474.46 and a 12 month high of $579.10. The company’s fifty day simple moving average is $550.64 and its 200 day simple moving average is $545.42.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, beating the consensus estimate of $4.46 by $0.02. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. Equities analysts predict that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Tuesday, October 8th were given a dividend of $0.75 per share. The ex-dividend date was Tuesday, October 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.54%. Roper Technologies’s dividend payout ratio (DPR) is presently 22.22%.

Insider Buying and Selling

In other news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the sale, the director now owns 5,909 shares of the company’s stock, valued at $3,251,959.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.87% of the stock is owned by corporate insiders.

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.