First Personal Financial Services Acquires 40 Shares of Roper Technologies, Inc. (NYSE:ROP)

First Personal Financial Services boosted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 10.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 410 shares of the industrial products company’s stock after purchasing an additional 40 shares during the period. First Personal Financial Services’ holdings in Roper Technologies were worth $228,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. raised its stake in shares of Roper Technologies by 7.6% during the third quarter. Assetmark Inc. now owns 11,684 shares of the industrial products company’s stock valued at $6,501,000 after acquiring an additional 824 shares during the last quarter. Windward Capital Management Co. CA raised its stake in shares of Roper Technologies by 99.0% during the third quarter. Windward Capital Management Co. CA now owns 3,116 shares of the industrial products company’s stock valued at $1,734,000 after acquiring an additional 1,550 shares during the last quarter. CWA Asset Management Group LLC bought a new position in shares of Roper Technologies during the third quarter valued at about $395,000. Tandem Investment Advisors Inc. raised its stake in shares of Roper Technologies by 6.4% during the third quarter. Tandem Investment Advisors Inc. now owns 63,495 shares of the industrial products company’s stock valued at $35,331,000 after acquiring an additional 3,839 shares during the last quarter. Finally, Forte Capital LLC ADV raised its stake in shares of Roper Technologies by 11.1% during the third quarter. Forte Capital LLC ADV now owns 582 shares of the industrial products company’s stock valued at $324,000 after acquiring an additional 58 shares during the last quarter. 93.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Mizuho upped their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Royal Bank of Canada reduced their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Robert W. Baird boosted their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, Jefferies Financial Group boosted their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $620.80.

Insider Activity at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the transaction, the director now owns 32,955 shares in the company, valued at $18,125,250. This 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 the SEC website. 0.87% of the stock is owned by insiders.

Roper Technologies Trading Down 0.8 %

NYSE:ROP opened at $567.62 on Friday. The company’s 50 day moving average price is $551.46 and its 200-day moving average price is $546.62. Roper Technologies, Inc. has a 52 week low of $508.07 and a 52 week high of $579.10. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The stock has a market cap of $60.87 billion, a price-to-earnings ratio of 41.52, a PEG ratio of 2.95 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.32 earnings per share. On average, equities research analysts forecast that Roper Technologies, Inc. will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a dividend of $0.825 per share. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. Roper Technologies’s dividend payout ratio is 24.14%.

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.