Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by AE Wealth Management LLC

AE Wealth Management LLC grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP – Get Rating) by 5.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 625 shares of the industrial products company’s stock after acquiring an additional 31 shares during the period. AE Wealth Management LLC’s holdings in Roper Technologies were worth $225,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ROP. Venture Visionary Partners LLC purchased a new stake in shares of Roper Technologies during the second quarter valued at $27,000. Ronald Blue Trust Inc. purchased a new stake in Roper Technologies during the second quarter valued at about $27,000. MV Capital Management Inc. boosted its holdings in shares of Roper Technologies by 236.7% in the third quarter. MV Capital Management Inc. now owns 101 shares of the industrial products company’s stock worth $36,000 after buying an additional 71 shares during the period. Arlington Partners LLC increased its position in shares of Roper Technologies by 933.3% in the second quarter. Arlington Partners LLC now owns 93 shares of the industrial products company’s stock worth $37,000 after acquiring an additional 84 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of Roper Technologies during the third quarter valued at approximately $39,000. 92.41% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Richard F. Wallman purchased 1,000 shares of the stock in a transaction dated Friday, November 4th. The stock was bought at an average cost of $390.00 per share, with a total value of $390,000.00. Following the purchase, the director now directly owns 46,409 shares in the company, valued at approximately $18,099,510. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Richard F. Wallman acquired 1,000 shares of the stock in a transaction dated Friday, November 4th. The stock was bought at an average price of $390.00 per share, with a total value of $390,000.00. Following the completion of the transaction, the director now directly owns 46,409 shares of the company’s stock, valued at $18,099,510. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Laurence Neil Hunn sold 5,000 shares of Roper Technologies stock in a transaction that occurred on Tuesday, January 10th. The shares were sold at an average price of $443.57, for a total value of $2,217,850.00. Following the completion of the sale, the chief executive officer now directly owns 112,048 shares in the company, valued at approximately $49,701,131.36. The disclosure for this sale can be found here. 0.88% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ROP has been the topic of several research analyst reports. StockNews.com started coverage on shares of Roper Technologies in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Wells Fargo & Company increased their price objective on Roper Technologies from $500.00 to $540.00 and gave the stock an “overweight” rating in a research note on Thursday, October 27th. The Goldman Sachs Group lifted their target price on Roper Technologies from $423.00 to $468.00 and gave the company a “neutral” rating in a research note on Thursday, December 15th. Finally, Barclays increased their price target on shares of Roper Technologies from $500.00 to $510.00 and gave the stock an “overweight” rating in a research report on Thursday, October 27th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $495.43.

Roper Technologies Trading Down 1.6 %

Shares of NYSE:ROP opened at $437.81 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.37 and a current ratio of 1.41. The stock’s 50-day moving average is $435.86 and its 200-day moving average is $412.80. The company has a market cap of $46.43 billion, a P/E ratio of 16.08, a P/E/G ratio of 2.76 and a beta of 1.06. Roper Technologies, Inc. has a 52-week low of $356.21 and a 52-week high of $488.23.

Roper Technologies (NYSE:ROP – Get Rating) last issued its earnings results on Wednesday, October 26th. The industrial products company reported $3.67 EPS for the quarter, beating analysts’ consensus estimates of $3.44 by $0.23. Roper Technologies had a return on equity of 12.25% and a net margin of 50.95%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the company posted $3.91 earnings per share. Roper Technologies’s revenue was up 9.6% on a year-over-year basis. Equities research analysts predict that Roper Technologies, Inc. will post 14.13 earnings per share for the current year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 23rd. Investors of record on Monday, January 9th will be given a $0.6825 dividend. This represents a $2.73 dividend on an annualized basis and a yield of 0.62%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.62. The ex-dividend date is Friday, January 6th. Roper Technologies’s dividend payout ratio (DPR) is presently 10.03%.

About Roper Technologies

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Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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.