Boyd Watterson Asset Management LLC OH Lowers Position in Roper Technologies, Inc. (NYSE:ROP)

Boyd Watterson Asset Management LLC OH decreased its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,084 shares of the industrial products company’s stock after selling 23 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Roper Technologies were worth $603,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ROP. GoalVest Advisory LLC grew its holdings in shares of Roper Technologies by 900.0% during the 1st quarter. GoalVest Advisory LLC now owns 100 shares of the industrial products company’s stock worth $56,000 after purchasing an additional 90 shares during the period. Wealthcare Advisory Partners LLC grew its stake in Roper Technologies by 6.8% during the first quarter. Wealthcare Advisory Partners LLC now owns 425 shares of the industrial products company’s stock worth $238,000 after buying an additional 27 shares during the period. Procyon Advisors LLC increased its position in shares of Roper Technologies by 2.3% in the first quarter. Procyon Advisors LLC now owns 2,505 shares of the industrial products company’s stock worth $1,405,000 after acquiring an additional 56 shares in the last quarter. Fifth Third Wealth Advisors LLC boosted its position in Roper Technologies by 160.0% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 962 shares of the industrial products company’s stock worth $540,000 after purchasing an additional 592 shares during the period. Finally, OneAscent Financial Services LLC lifted its stake in shares of Roper Technologies by 3.0% during the first quarter. OneAscent Financial Services LLC now owns 1,588 shares of the industrial products company’s stock worth $890,000 after purchasing an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ROP shares. Mizuho raised their target price on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Oppenheimer reduced their target price on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Truist Financial reaffirmed a “buy” rating and set a $660.00 price target on shares of Roper Technologies in a report on Tuesday, August 27th. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Finally, Robert W. Baird raised their target price on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $621.20.

Insider Activity

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of Roper Technologies stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the completion of the transaction, the director now directly owns 5,909 shares in the company, valued at $3,251,959.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

Shares of ROP stock opened at $542.94 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. The stock has a market capitalization of $58.12 billion, a price-to-earnings ratio of 39.40, a PEG ratio of 2.92 and a beta of 1.02. Roper Technologies, Inc. has a one year low of $474.46 and a one year high of $579.10. The company’s 50-day simple moving average is $551.48 and its 200-day simple moving average is $545.46.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Equities analysts anticipate that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th were given a $0.75 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.55%. Roper Technologies’s payout ratio is currently 21.77%.

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.