OneAscent Investment Solutions LLC Buys Shares of 1,491 Roper Technologies, Inc. (NYSE:ROP)

Key Points

• OneAscent Investment Solutions LLC has invested approximately $879,000 by acquiring 1,491 shares of Roper Technologies, making it the 15th largest holding in their portfolio.
• Roper Technologies is currently rated as a Moderate Buy by analysts, with a consensus price target of $637.18 per share.
• The company declared a quarterly dividend of $0.825 per share, set to be paid on October 17th, representing an annualized dividend yield of 0.6%.

OneAscent Investment Solutions LLC purchased a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,491 shares of the industrial products company's stock, valued at approximately $879,000. Roper Technologies makes up approximately 1.0% of OneAscent Investment Solutions LLC's holdings, making the stock its 15th biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in ROP. Brighton Jones LLC bought a new position in shares of Roper Technologies during the 4th quarter worth $203,000. Townsquare Capital LLC grew its position in shares of Roper Technologies by 15.6% during the 4th quarter. Townsquare Capital LLC now owns 2,374 shares of the industrial products company's stock worth $1,234,000 after buying an additional 321 shares in the last quarter. Sagespring Wealth Partners LLC bought a new position in shares of Roper Technologies during the 4th quarter worth $272,000. Savvy Advisors Inc. grew its position in shares of Roper Technologies by 23.2% during the 4th quarter. Savvy Advisors Inc. now owns 510 shares of the industrial products company's stock worth $265,000 after buying an additional 96 shares in the last quarter. Finally, Cohen & Steers Inc. grew its position in shares of Roper Technologies by 6.0% during the 4th quarter. Cohen & Steers Inc. now owns 423 shares of the industrial products company's stock worth $220,000 after buying an additional 24 shares in the last quarter. Institutional investors own 93.31% of the company's stock.

Insiders Place Their Bets

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of Roper Technologies 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 sale, the vice president owned 38,932 shares in the company, valued at $21,964,266.44. The trade was a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction 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 completion of the sale, the director owned 20,510 shares in the company, valued at $11,408,687.50. This represents a 1.69% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.78% of the company's stock.

Roper Technologies Price Performance

ROP traded up $4.68 on Friday, hitting $529.64. 697,542 shares of the company's stock were exchanged, compared to its average volume of 619,619. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $554.68 and a 200-day moving average price of $564.71. The stock has a market cap of $57.00 billion, a price-to-earnings ratio of 36.93, a P/E/G ratio of 2.77 and a beta of 0.99.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 earnings per share 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%. Roper Technologies's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the company earned $4.48 EPS. As a group, equities analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.6%. Roper Technologies's payout ratio is 23.19%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ROP shares. Raymond James Financial restated a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Oppenheimer restated an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Robert W. Baird upped 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. Mizuho set a $600.00 price objective on Roper Technologies in a research note on Friday, May 16th. Finally, Stifel Nicolaus decreased their price objective on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Roper Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $637.18.

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.