3,275 Shares in Roper Technologies, Inc. $ROP Purchased by Summit Global Investments

Summit Global Investments bought a new position in shares of Roper Technologies, Inc. (NASDAQ:ROP) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,275 shares of the industrial products company’s stock, valued at approximately $1,144,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. MGO One Seven LLC purchased a new position in Roper Technologies in the 3rd quarter valued at about $333,000. Avestar Capital LLC acquired a new position in shares of Roper Technologies in the third quarter worth about $497,000. Glenview Trust Co purchased a new position in Roper Technologies in the third quarter valued at about $12,773,000. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in Roper Technologies by 1.3% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 26,955 shares of the industrial products company’s stock valued at $9,418,000 after purchasing an additional 355 shares during the last quarter. Finally, Parcion Private Wealth LLC acquired a new stake in Roper Technologies during the 3rd quarter valued at approximately $3,038,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ROP. Truist Financial upped their target price on Roper Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, October 23rd. Piper Sandler dropped their price target on shares of Roper Technologies from $540.00 to $526.00 and set an “overweight” rating for the company in a research note on Friday, July 24th. Raymond James Financial cut shares of Roper Technologies from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, July 22nd. Royal Bank Of Canada increased their price objective on shares of Roper Technologies from $417.00 to $450.00 and gave the company a “sector perform” rating in a research note on Friday, October 23rd. Finally, Argus raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $450.00 price objective for the company in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $469.41.

Roper Technologies Stock Performance

NASDAQ ROP opened at $466.60 on Monday. Roper Technologies, Inc. has a one year low of $305.96 and a one year high of $470.01. The company has a 50-day simple moving average of $392.34 and a 200-day simple moving average of $365.55. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.39 and a current ratio of 0.43. The firm has a market capitalization of $46.15 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 2.32 and a beta of 0.67.

Roper Technologies (NASDAQ:ROP) last issued its earnings results on Thursday, October 22nd. The industrial products company reported $5.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.79 by $0.10. The firm had revenue of $2.17 billion for the quarter. Roper Technologies had a net margin of 30.71% and a return on equity of 11.64%. The business’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the business earned $5.14 EPS. On average, equities analysts forecast that Roper Technologies, Inc. will post 22.38 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, October 2nd. Roper Technologies’s dividend payout ratio (DPR) is presently 14.36%.

Insider Buying and Selling at Roper Technologies

In other news, EVP Jason Conley sold 12,000 shares of the company’s stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $435.53, for a total transaction of $5,226,360.00. Following the completion of the transaction, the executive vice president owned 28,457 shares in the company, valued at approximately $12,393,877.21. This represents a 29.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Stipancich sold 3,500 shares of the stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $449.04, for a total transaction of $1,571,640.00. Following the completion of the sale, the executive vice president directly owned 35,434 shares in the company, valued at approximately $15,911,283.36. This trade represents a 8.99% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.80% of the company’s stock.

Roper Technologies Company Profile

Roper Technologies, Inc is a diversified technology company that develops and acquires businesses serving specialized markets. Its portfolio includes application software, network software and technology-enabled products used by businesses, healthcare organizations, government agencies and other institutions.

The company’s software businesses provide solutions for areas such as education administration, healthcare information management, enterprise asset management, compliance, legal and construction workflows, and financial services.