Wealth Alliance Buys 39 Shares of Roper Technologies, Inc. (NYSE:ROP)

Wealth Alliance boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROPFree Report) by 7.4% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 565 shares of the industrial products company’s stock after buying an additional 39 shares during the period. Wealth Alliance’s holdings in Roper Technologies were worth $273,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. EA Series Trust purchased a new stake in Roper Technologies in the second quarter worth $420,000. Toth Financial Advisory Corp increased its stake in Roper Technologies by 1.8% in the third quarter. Toth Financial Advisory Corp now owns 3,066 shares of the industrial products company’s stock worth $1,485,000 after purchasing an additional 54 shares during the period. Perigon Wealth Management LLC increased its stake in Roper Technologies by 2.4% in the second quarter. Perigon Wealth Management LLC now owns 1,147 shares of the industrial products company’s stock worth $551,000 after purchasing an additional 27 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in Roper Technologies in the third quarter worth $220,000. Finally, Dakota Wealth Management increased its stake in Roper Technologies by 390.6% in the third quarter. Dakota Wealth Management now owns 4,548 shares of the industrial products company’s stock worth $2,203,000 after purchasing an additional 3,621 shares during the period. Hedge funds and other institutional investors own 91.59% of the company’s stock.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $550.26 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50. The company has a market cap of $58.78 billion, a PE ratio of 42.69, a P/E/G ratio of 2.89 and a beta of 1.02. The business has a 50-day simple moving average of $541.39 and a two-hundred day simple moving average of $513.74. Roper Technologies, Inc. has a fifty-two week low of $416.77 and a fifty-two week high of $562.69.

Roper Technologies (NYSE:ROPGet Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.03. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.58 billion. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company earned $3.92 earnings per share. As a group, equities analysts expect that Roper Technologies, Inc. will post 18.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Christopher Wright sold 250 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $525.93, for a total value of $131,482.50. Following the completion of the transaction, the director now directly owns 36,227 shares in the company, valued at $19,052,866.11. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Truist Financial reissued a “buy” rating and set a $575.00 price target on shares of Roper Technologies in a research report on Friday, October 20th. Barclays increased their price target on Roper Technologies from $580.00 to $596.00 and gave the stock an “overweight” rating in a research report on Monday, February 5th. TD Cowen downgraded Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target on the stock. in a research report on Thursday, January 4th. TheStreet raised Roper Technologies from a “c+” rating to a “b-” rating in a research report on Friday, November 10th. Finally, Mizuho raised their price objective on Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $551.50.

View Our Latest Stock Report on Roper Technologies

Roper Technologies Company Profile

(Free Report)

Roper Technologies, Inc designs and develops software, and technology enabled 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.

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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