First Heartland Consultants Inc. Increases Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

First Heartland Consultants Inc. increased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 571 shares of the industrial products company’s stock after acquiring an additional 24 shares during the quarter. First Heartland Consultants Inc.’s holdings in Roper Technologies were worth $318,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Savvy Advisors Inc. boosted its holdings in Roper Technologies by 15.3% in the 3rd quarter. Savvy Advisors Inc. now owns 414 shares of the industrial products company’s stock worth $230,000 after buying an additional 55 shares during the period. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Roper Technologies by 2.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 286,552 shares of the industrial products company’s stock valued at $159,449,000 after buying an additional 5,571 shares in the last quarter. WealthPlan Investment Management LLC raised its position in shares of Roper Technologies by 38.6% during the 3rd quarter. WealthPlan Investment Management LLC now owns 4,984 shares of the industrial products company’s stock valued at $2,773,000 after buying an additional 1,388 shares in the last quarter. Coalescence Partners Investment Management LP purchased a new stake in shares of Roper Technologies during the 3rd quarter valued at $12,950,000. Finally, Venturi Wealth Management LLC raised its position in Roper Technologies by 7.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,249 shares of the industrial products company’s stock worth $1,251,000 after purchasing an additional 163 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ROP. 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. Oppenheimer dropped their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Jefferies Financial Group boosted their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Truist Financial reiterated a “buy” rating and issued a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Finally, Robert W. Baird boosted their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and an average price target of $620.80.

Roper Technologies Price Performance

NYSE ROP opened at $571.20 on Thursday. The firm’s fifty day simple moving average is $551.93 and its two-hundred day simple moving average is $547.17. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a 12-month low of $508.22 and a 12-month high of $579.10. The firm has a market capitalization of $61.25 billion, a P/E ratio of 41.78, a P/E/G ratio of 2.95 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last announced 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. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the previous year, the company earned $4.32 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. Analysts forecast that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, January 3rd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. Roper Technologies’s dividend payout ratio (DPR) is currently 21.95%.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the firm’s 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 completion of the sale, the director now owns 32,955 shares in the company, valued at $18,125,250. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.87% of the stock is currently owned by corporate 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.