Metis Global Partners LLC Buys 184 Shares of Roper Technologies, Inc. (NYSE:ROP)

Metis Global Partners LLC raised its holdings in Roper Technologies, Inc. (NYSE:ROP) by 4.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,522 shares of the industrial products company’s stock after acquiring an additional 184 shares during the quarter. Metis Global Partners LLC’s holdings in Roper Technologies were worth $2,516,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. New Covenant Trust Company N.A. bought a new stake in Roper Technologies in the first quarter valued at approximately $25,000. Fairscale Capital LLC acquired a new position in Roper Technologies in the second quarter valued at $28,000. Fortitude Family Office LLC bought a new stake in Roper Technologies during the third quarter valued at $28,000. Versant Capital Management Inc raised its position in shares of Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after acquiring an additional 20 shares in the last quarter. Finally, Valley Wealth Managers Inc. acquired a new position in shares of Roper Technologies in the 2nd quarter valued at about $31,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the sale, the director now directly owns 32,955 shares in the company, valued at approximately $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Stock Performance

Shares of ROP opened at $548.23 on Friday. The firm has a market cap of $58.79 billion, a PE ratio of 40.10, a PEG ratio of 2.98 and a beta of 1.03. The stock’s fifty day moving average price is $552.38 and its two-hundred day moving average price is $547.46. Roper Technologies, Inc. has a 1 year low of $508.22 and a 1 year high of $579.10. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44.

Roper Technologies (NYSE:ROP) last announced its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.53 by $0.09. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. Roper Technologies’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $4.32 earnings per share. On average, equities research analysts forecast that Roper Technologies, Inc. will post 18.24 EPS for the current year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.60%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. Roper Technologies’s payout ratio is presently 21.95%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ROP. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Jefferies Financial Group upped their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a report on Friday, August 16th. Oppenheimer reduced their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Mizuho increased their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Truist Financial reissued a “buy” rating and set a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $620.80.

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.