Roberts Capital Advisors LLC Purchases Shares of 1,024 Roper Technologies, Inc. (NYSE:ROP)

Key Points

• Roberts Capital Advisors LLC acquired 1,024 shares of Roper Technologies, valued at approximately $604,000, indicating growing institutional interest in the company.
• Roper Technologies recently declared a quarterly dividend of $0.825 per share, reflecting a payout ratio of 23.19% and an annualized yield of 0.6%.
• Analysts have a consensus target price of $637.18 for Roper Technologies, with ratings ranging from sell to strong buy, underscoring varied investor sentiments.

Roberts Capital Advisors LLC purchased a new stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,024 shares of the industrial products company's stock, valued at approximately $604,000.

Other institutional investors have also added to or reduced their stakes in the company. MorganRosel Wealth Management LLC purchased a new stake in shares of Roper Technologies during the first quarter worth about $27,000. Olde Wealth Management LLC purchased a new stake in shares of Roper Technologies during the first quarter worth about $31,000. Wayfinding Financial LLC purchased a new stake in shares of Roper Technologies during the first quarter worth about $31,000. Alpine Bank Wealth Management purchased a new stake in shares of Roper Technologies during the first quarter worth about $34,000. Finally, Putney Financial Group LLC purchased a new stake in shares of Roper Technologies during the fourth quarter worth about $31,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 352 shares of the firm'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 in the company, valued at approximately $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP John K. Stipancich sold 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the sale, the vice president owned 38,932 shares in the company, valued at $21,964,266.44. This represents a 3.71% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company's stock.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $529.64 on Friday. The company has a 50 day simple moving average of $554.68 and a two-hundred day simple moving average of $564.56. 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 debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The company has a market capitalization 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 posted its quarterly 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 net margin of 22.01% and a return on equity of 10.79%. During the same quarter in the previous year, the business earned $4.48 EPS. The company's quarterly revenue was up 13.2% on a year-over-year basis. Analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be issued a dividend of $0.825 per share. 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 dividend payout ratio is presently 23.19%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ROP. Oppenheimer reiterated an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a report on Monday, April 28th. William Blair assumed coverage on shares of Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating for the company. Raymond James Financial reissued a "strong-buy" rating and issued a $655.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. Robert W. Baird increased their price target on shares of Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Finally, Royal Bank Of Canada increased their price target on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. One 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 company. According to MarketBeat.com, Roper Technologies currently has an average rating of "Moderate Buy" and a consensus target price 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.

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