Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Clarus Group Inc.

Clarus Group Inc. raised its position in Roper Technologies, Inc. (NYSE:ROP) by 51.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,566 shares of the industrial products company’s stock after buying an additional 531 shares during the period. Clarus Group Inc.’s holdings in Roper Technologies were worth $871,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Suncoast Equity Management boosted its holdings in Roper Technologies by 3.9% in the 3rd quarter. Suncoast Equity Management now owns 1,386 shares of the industrial products company’s stock worth $771,000 after buying an additional 52 shares during the last quarter. Arlington Partners LLC boosted its holdings in Roper Technologies by 16.6% in the 3rd quarter. Arlington Partners LLC now owns 6,992 shares of the industrial products company’s stock worth $3,891,000 after buying an additional 997 shares during the last quarter. Vest Financial LLC boosted its holdings in Roper Technologies by 13.8% in the 3rd quarter. Vest Financial LLC now owns 92,593 shares of the industrial products company’s stock worth $51,522,000 after buying an additional 11,247 shares during the last quarter. Raymond James & Associates lifted its stake in Roper Technologies by 2.7% in the 3rd quarter. Raymond James & Associates now owns 226,419 shares of the industrial products company’s stock worth $125,989,000 after purchasing an additional 5,864 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its holdings in shares of Roper Technologies by 15.2% during the 3rd quarter. Capital Investment Advisors LLC now owns 2,881 shares of the industrial products company’s stock worth $1,603,000 after purchasing an additional 380 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Performance

Shares of ROP traded down $4.85 during mid-day trading on Monday, hitting $552.77. 77,582 shares of the company’s stock were exchanged, compared to its average volume of 494,351. Roper Technologies, Inc. has a fifty-two week low of $474.46 and a fifty-two week high of $579.10. The firm has a market capitalization of $59.17 billion, a P/E ratio of 40.47, a P/E/G ratio of 2.90 and a beta of 1.02. The business’s 50 day moving average is $549.91 and its two-hundred day moving average is $545.28. The company has a current ratio of 0.53, a quick ratio of 0.48 and a debt-to-equity ratio of 0.38.

Roper Technologies (NYSE:ROP) last announced its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, topping the consensus estimate of $4.46 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. On average, equities analysts expect that Roper Technologies, Inc. will post 18.16 earnings per share for the current year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Tuesday, October 8th will be given a $0.75 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.54%. Roper Technologies’s payout ratio is currently 21.77%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Royal Bank of Canada upped their price objective on Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Mizuho upped their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday. Truist Financial reaffirmed a “buy” rating and set a $660.00 price objective on shares of Roper Technologies in a research report on Tuesday, August 27th. Oppenheimer cut their price objective on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Finally, Jefferies Financial Group increased their target price on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a report on Friday, August 16th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $619.50.

Insider Activity at Roper Technologies

In related news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the sale, the director now owns 5,909 shares in the company, valued at $3,251,959.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is owned by insiders.

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.