Cetera Investment Advisers Raises Holdings in Roper Technologies, Inc. (NYSE:ROP)

Cetera Investment Advisers lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 54.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,069 shares of the industrial products company's stock after acquiring an additional 7,036 shares during the quarter. Cetera Investment Advisers' holdings in Roper Technologies were worth $11,832,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Meridian Financial Partners LLC boosted its holdings in shares of Roper Technologies by 0.9% during the first quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company's stock worth $1,221,000 after purchasing an additional 19 shares during the period. My Legacy Advisors LLC raised its position in Roper Technologies by 1.5% during the first quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock valued at $751,000 after acquiring an additional 19 shares in the last quarter. Smith Shellnut Wilson LLC ADV raised its position in Roper Technologies by 2.7% during the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock valued at $399,000 after acquiring an additional 20 shares in the last quarter. Tritonpoint Wealth LLC raised its position in Roper Technologies by 2.7% during the first quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company's stock valued at $448,000 after acquiring an additional 20 shares in the last quarter. Finally, Winch Advisory Services LLC raised its position in Roper Technologies by 2.2% during the first quarter. Winch Advisory Services LLC now owns 944 shares of the industrial products company's stock valued at $557,000 after acquiring an additional 20 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total value of $846,255.00. Following the completion of the sale, the vice president directly owned 38,932 shares in the company, valued at approximately $21,964,266.44. The trade was a 3.71% 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. Also, Director Richard F. Wallman sold 352 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the sale, the director owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Truist Financial lifted their price target on shares of Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Barclays reiterated an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Royal Bank Of Canada upped their price target on Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research note on Tuesday, July 22nd. Mizuho set a $600.00 target price on Roper Technologies in a research note on Friday, May 16th. Finally, Robert W. Baird increased their price objective on Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $637.18.

Roper Technologies Trading Down 1.9%

Shares of Roper Technologies stock traded down $10.72 during midday trading on Wednesday, reaching $552.34. The company had a trading volume of 666,565 shares, compared to its average volume of 618,005. The stock has a fifty day moving average price of $563.31 and a 200 day moving average price of $564.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The firm has a market cap of $59.38 billion, a PE ratio of 38.52, a P/E/G ratio of 2.77 and a beta of 1.02. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, topping analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The business's revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company earned $4.48 EPS. On average, equities analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th were issued a $0.825 dividend. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. Roper Technologies's payout ratio is currently 23.19%.

Roper Technologies Profile

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.