Pandora Wealth Inc. Purchases Shares of 1,104 Roper Technologies, Inc. (NYSE:ROP)

Key Points

• Pandora Wealth Inc. has acquired 1,104 shares of Roper Technologies, Inc. in the first quarter, valued at approximately $651,000.
• The stock has shown a 13.2% increase in revenue year-over-year, with earnings per share of $4.87 for the last quarter, surpassing analysts' expectations.
• A quarterly dividend of $0.825 has been declared, with a yield of 0.6%, to be paid to investors of record on October 3rd.

Pandora Wealth Inc. acquired a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,104 shares of the industrial products company's stock, valued at approximately $651,000.

Several other large investors have also made changes to their positions in ROP. Brighton Jones LLC purchased a new position in shares of Roper Technologies in the fourth quarter valued at about $203,000. Federated Hermes Inc. lifted its position in shares of Roper Technologies by 15.9% in the fourth quarter. Federated Hermes Inc. now owns 5,421 shares of the industrial products company's stock valued at $2,818,000 after acquiring an additional 742 shares in the last quarter. FMR LLC lifted its position in shares of Roper Technologies by 8.3% in the fourth quarter. FMR LLC now owns 391,120 shares of the industrial products company's stock valued at $203,324,000 after acquiring an additional 29,880 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Roper Technologies in the fourth quarter worth about $14,296,000. Finally, DRW Securities LLC increased its holdings in shares of Roper Technologies by 23.1% in the fourth quarter. DRW Securities LLC now owns 758 shares of the industrial products company's stock worth $394,000 after purchasing an additional 142 shares during the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Trading Down 0.4%

ROP opened at $534.38 on Friday. The stock has a market cap of $57.51 billion, a price-to-earnings ratio of 37.26, a P/E/G ratio of 2.77 and a beta of 0.99. The stock's 50 day moving average price is $559.10 and its 200-day moving average price is $565.02. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

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

Roper Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ROP shares. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $655.00 target price on shares of Roper Technologies in a report on Monday, April 28th. JPMorgan Chase & Co. lifted their target price on Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Oppenheimer reaffirmed an "outperform" rating and issued a $640.00 target price on shares of Roper Technologies in a report on Monday, April 28th. Stifel Nicolaus reduced their target price on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Finally, Royal Bank Of Canada lifted their target price on Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. One 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $637.18.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 352 shares of the business's stock in a transaction that occurred 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 owned 20,510 shares in the company, valued at approximately $11,408,687.50. The trade was a 1.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John K. Stipancich sold 1,500 shares of the business's stock in a transaction that occurred on Wednesday, July 23rd. The shares were 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. The trade was a 3.71% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by insiders.

Roper Technologies Company 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.

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