Meeder Advisory Services Inc. Raises Holdings in Roper Technologies, Inc. (NYSE:ROP)

Meeder Advisory Services Inc. boosted its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 23.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,112 shares of the industrial products company's stock after purchasing an additional 591 shares during the period. Meeder Advisory Services Inc.'s holdings in Roper Technologies were worth $1,835,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ROP. MorganRosel Wealth Management LLC bought a new stake in Roper Technologies during the 1st quarter valued at approximately $27,000. Putney Financial Group LLC bought a new stake in Roper Technologies during the 4th quarter valued at approximately $31,000. Olde Wealth Management LLC bought a new stake in Roper Technologies during the 1st quarter valued at approximately $31,000. Wayfinding Financial LLC bought a new stake in Roper Technologies during the 1st quarter valued at approximately $31,000. Finally, Alpine Bank Wealth Management bought a new stake in Roper Technologies during the 1st quarter valued at approximately $34,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 352 shares of the company's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of the sale, the director directly owned 20,510 shares in the company, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction 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 owned 38,932 shares of the company's stock, valued at $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.87% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Truist Financial lifted their price objective on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Mizuho set a $600.00 price objective on Roper Technologies in a research note on Friday, May 16th. Robert W. Baird lifted their price objective on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada lifted their price objective on Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $637.18.

Roper Technologies Trading Down 1.5%

ROP traded down $8.29 during trading hours on Friday, reaching $542.11. 497,000 shares of the company's stock traded hands, compared to its average volume of 617,792. The firm has a 50-day moving average price of $562.52 and a 200 day moving average price of $564.21. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $58.28 billion, a PE ratio of 37.80, a PEG ratio of 2.77 and a beta of 1.02.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, beating 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%. During the same quarter in the previous year, the company posted $4.48 earnings per share. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. As a group, sell-side analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th were issued a dividend of $0.825 per share. The ex-dividend date was Tuesday, July 8th. This represents a $3.30 dividend on an annualized basis and a yield of 0.6%. Roper Technologies's payout ratio is presently 23.19%.

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.