SPC Financial Inc. Purchases 2,374 Shares of Roper Technologies, Inc. (NYSE:ROP)

Key Points

• SPC Financial Inc. increased its stake in Roper Technologies, Inc. by 81.8%, owning 5,276 shares valued at $3.11 million as of the latest SEC filing.
• A significant majority of Roper Technologies' stock, approximately 93.31%, is owned by institutional investors and hedge funds.
• Roper Technologies reported a quarterly earnings per share of $4.87, exceeding analyst estimates, with a year-over-year revenue increase of 13.2%.

SPC Financial Inc. grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 81.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,276 shares of the industrial products company's stock after purchasing an additional 2,374 shares during the period. SPC Financial Inc.'s holdings in Roper Technologies were worth $3,111,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWA Asset Management Group LLC lifted its holdings in shares of Roper Technologies by 8.6% during the 1st quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company's stock valued at $453,000 after buying an additional 61 shares during the last quarter. Freedom Day Solutions LLC bought a new stake in Roper Technologies during the first quarter worth approximately $1,808,000. Tandem Investment Advisors Inc. grew its holdings in Roper Technologies by 49.9% during the first quarter. Tandem Investment Advisors Inc. now owns 98,229 shares of the industrial products company's stock valued at $57,914,000 after purchasing an additional 32,694 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Roper Technologies by 76.4% in the first quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company's stock worth $1,115,000 after buying an additional 819 shares during the last quarter. Finally, Legacy Advisors LLC bought a new stake in shares of Roper Technologies during the 1st quarter worth $264,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Insider Buying and Selling at Roper Technologies

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 shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the transaction, the director directly owned 20,510 shares in the company, valued at $11,408,687.50. The trade was a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the transaction, the vice president directly owned 38,932 shares in the company, valued at approximately $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. 0.78% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ROP. William Blair began coverage on Roper Technologies in a research report on Monday, May 5th. They issued an "outperform" rating on the stock. Truist Financial lifted their price target on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Robert W. Baird raised their price objective 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. Barclays reissued an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. Finally, Mizuho set a $600.00 price target on Roper Technologies in a research note on Friday, May 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $637.18.

Roper Technologies Stock Up 0.8%

ROP traded up $4.31 during trading on Monday, reaching $546.42. The company had a trading volume of 473,791 shares, compared to its average volume of 616,805. The company has a market cap of $58.75 billion, a P/E ratio of 38.10, a PEG ratio of 2.77 and a beta of 1.02. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. 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 business's fifty day moving average price is $562.03 and its 200 day moving average price is $565.07.

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 for the quarter, topping the consensus estimate 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 earned $4.48 earnings per share. The firm's revenue was up 13.2% compared to the same quarter last year. Equities analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th were paid a $0.825 dividend. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. Roper Technologies's dividend payout ratio (DPR) 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.