3,942 Shares in Roper Technologies, Inc. $ROP Purchased by Choreo LLC

Key Points

• Choreo LLC purchased 3,942 Roper Technologies shares in the third quarter, valued at approximately $1.38 million. Institutional investors collectively own 93.31% of the company.
• Roper reported quarterly EPS of $5.89, exceeding expectations of $5.79, while revenue rose 7.7% year over year to $2.17 billion. The company also declared a quarterly dividend of $0.91, or $3.64 annualized.
• Analyst sentiment remains mixed, with an average rating of “Hold” and an average price target of $469.41; several firms recently raised their targets, while company insiders sold shares in October.

Choreo LLC bought a new position in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,942 shares of the industrial products company's stock, valued at approximately $1,378,000.

A number of other institutional investors have also recently bought and sold shares of ROP. Edmond DE Rothschild Holding S.A. acquired a new position in Roper Technologies in the 2nd quarter worth $27,000. Global Assets Advisory LLC acquired a new position in Roper Technologies during the first quarter valued at approximately $36,000. BOK Financial Private Wealth Inc. bought a new position in shares of Roper Technologies in the second quarter valued at $36,000. CoreCap Advisors LLC grew its stake in shares of Roper Technologies by 114.8% in the second quarter. CoreCap Advisors LLC now owns 131 shares of the industrial products company's stock valued at $44,000 after buying an additional 70 shares in the last quarter. Finally, Cornerstone Planning Group LLC grew its stake in shares of Roper Technologies by 104.3% in the first quarter. Cornerstone Planning Group LLC now owns 143 shares of the industrial products company's stock valued at $51,000 after buying an additional 73 shares in the last quarter. Institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Performance

ROP opened at $479.54 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.43 and a quick ratio of 0.39. The business has a fifty day simple moving average of $393.69 and a 200 day simple moving average of $365.82. Roper Technologies, Inc. has a 1 year low of $305.96 and a 1 year high of $484.21. The company has a market capitalization of $47.43 billion, a PE ratio of 20.36, a price-to-earnings-growth ratio of 2.19 and a beta of 0.75.

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

Roper Technologies Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Citigroup boosted their price target on Roper Technologies from $450.00 to $525.00 and gave the stock a "buy" rating in a research report on Friday, October 23rd. Truist Financial upped their price objective on shares of Roper Technologies from $475.00 to $500.00 and gave the company a "buy" rating in a report on Friday, October 23rd. BMO Capital Markets restated a "market perform" rating and set a $462.00 target price (up from $393.00) on shares of Roper Technologies in a research note on Friday, October 23rd. JPMorgan Chase & Co. raised shares of Roper Technologies from an "underweight" rating to a "neutral" rating and lifted their target price for the stock from $415.00 to $490.00 in a report on Monday, October 26th. Finally, Weiss Ratings upgraded shares of Roper Technologies from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $469.41.

Insider Transactions at Roper Technologies

In other Roper Technologies news, EVP John K. Stipancich sold 3,500 shares of the business's stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $449.04, for a total value of $1,571,640.00. Following the completion of the sale, the executive vice president owned 35,434 shares of the company's stock, valued at $15,911,283.36. The trade was a 8.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jason Conley sold 12,000 shares of the stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $435.53, for a total transaction of $5,226,360.00. Following the transaction, the executive vice president owned 28,457 shares in the company, valued at approximately $12,393,877.21. The trade was a 29.66% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is currently owned by company insiders.

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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