36,555 Shares of Roper Technologies, Inc. $ROP Bought by Glenview Trust Co

Key Points

• Glenview Trust Co. purchased 36,555 shares of Roper Technologies in the third quarter, valued at approximately $12.8 million. Institutional investors now own 93.31% of the company.
• Analyst sentiment is mixed: Roper has an average “Hold” rating and a consensus price target of $469.41, while Jefferies and Truist recently raised their targets and maintained “Buy” ratings.
• Roper’s latest quarterly results exceeded expectations, with earnings of $5.89 per share and revenue of $2.17 billion, up 7.7% year over year. The company also declared a quarterly dividend of $0.91 per share.

Glenview Trust Co purchased a new stake in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 36,555 shares of the industrial products company's stock, valued at approximately $12,773,000.

Several other large investors have also made changes to their positions in the company. Edmond DE Rothschild Holding S.A. bought a new position in Roper Technologies during the second quarter valued at approximately $27,000. Global Assets Advisory LLC acquired a new stake in Roper Technologies in the first quarter valued at approximately $36,000. BOK Financial Private Wealth Inc. bought a new stake in Roper Technologies in the second quarter worth approximately $36,000. CoreCap Advisors LLC grew its position in Roper Technologies by 114.8% in the second quarter. CoreCap Advisors LLC now owns 131 shares of the industrial products company's stock worth $44,000 after acquiring an additional 70 shares in the last quarter. Finally, Cornerstone Planning Group LLC lifted its stake in shares of Roper Technologies by 104.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 143 shares of the industrial products company's stock valued at $51,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 93.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ROP. Robert W. Baird set a $480.00 price objective on shares of Roper Technologies and gave the stock an "outperform" rating in a report on Friday, July 24th. Weiss Ratings raised Roper Technologies from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, October 20th. Raymond James Financial lowered shares of Roper Technologies from a "strong-buy" rating to a "market perform" rating in a research note on Wednesday, July 22nd. Jefferies Financial Group upped their price target on Roper Technologies from $500.00 to $540.00 and gave the stock a "buy" rating in a report on Thursday, October 22nd. Finally, Truist Financial lifted their target price on Roper Technologies from $475.00 to $500.00 and gave the stock a "buy" rating in a research report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Roper Technologies presently has an average rating of "Hold" and an average target price of $469.41.

Insiders Place Their Bets

In other Roper Technologies news, EVP John Stipancich sold 3,500 shares of the stock in a transaction on Monday, October 26th. The stock was sold at an average price of $449.04, for a total transaction of $1,571,640.00. Following the completion of the transaction, the executive vice president directly owned 35,434 shares in the company, valued at $15,911,283.36. This represents a 8.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jason Conley sold 12,000 shares of Roper Technologies stock in a transaction on Friday, October 23rd. The shares were sold at an average price of $435.53, for a total value of $5,226,360.00. Following the transaction, the executive vice president directly owned 28,457 shares of the company's stock, valued at approximately $12,393,877.21. The trade was a 29.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.80% of the company's stock.

Roper Technologies Stock Up 3.8%

NASDAQ ROP opened at $466.60 on Friday. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 0.43. The stock's 50 day moving average is $392.34 and its two-hundred day moving average is $365.55. The company has a market capitalization of $46.15 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 2.23 and a beta of 0.75. Roper Technologies, Inc. has a 1-year low of $305.96 and a 1-year high of $470.01.

Roper Technologies (NASDAQ:ROP - Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The industrial products company reported $5.89 earnings per share for the quarter, beating the consensus estimate of $5.79 by $0.10. Roper Technologies had a return on equity of 11.64% and a net margin of 30.71%. The company had revenue of $2.17 billion for the quarter. During the same quarter in the prior year, the company posted $5.14 earnings per share. The company's revenue for the quarter was up 7.7% on a year-over-year basis. Equities analysts forecast that Roper Technologies, Inc. will post 22.38 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, October 2nd. Roper Technologies's dividend payout ratio is 14.36%.

Roper Technologies Profile

Roper Technologies, Inc is a diversified technology company that develops and acquires businesses serving specialized markets. Its portfolio includes application software, network software and technology-enabled products used by businesses, healthcare organizations, government agencies and other institutions.

The company's software businesses provide solutions for areas such as education administration, healthcare information management, enterprise asset management, compliance, legal and construction workflows, and financial services.

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