Ayrshire Capital Management LLC increased its position in Roper Technologies, Inc. (NYSE:ROP – Free Report) by 0.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,837 shares of the industrial products company’s stock after buying an additional 115 shares during the quarter. Roper Technologies accounts for 3.4% of Ayrshire Capital Management LLC’s portfolio, making the stock its 12th largest position. Ayrshire Capital Management LLC’s holdings in Roper Technologies were worth $7,143,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of ROP. New Covenant Trust Company N.A. bought a new stake in Roper Technologies in the 1st quarter worth approximately $25,000. Rise Advisors LLC bought a new stake in Roper Technologies in the 1st quarter worth approximately $27,000. Fairscale Capital LLC bought a new stake in Roper Technologies in the 2nd quarter worth approximately $28,000. OFI Invest Asset Management bought a new stake in Roper Technologies in the 1st quarter worth approximately $29,000. Finally, Versant Capital Management Inc lifted its position in 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 buying an additional 20 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently weighed in on the company. Barclays boosted their target price on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Oppenheimer lowered their price objective on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Jefferies Financial Group boosted their price objective on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Robert W. Baird upgraded Roper Technologies from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $617.00 to $635.00 in a research report on Thursday, July 25th. Three 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $616.00.
Roper Technologies Price Performance
Shares of ROP stock opened at $551.55 on Friday. The stock has a market cap of $59.04 billion, a price-to-earnings ratio of 40.03, a PEG ratio of 2.86 and a beta of 1.02. The business’s fifty day moving average is $546.08 and its 200 day moving average is $545.19. Roper Technologies, Inc. has a twelve month low of $474.46 and a twelve month high of $579.10. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38.
Roper Technologies (NYSE:ROP – Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, topping the consensus estimate of $4.46 by $0.02. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. Research analysts expect that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.
Roper Technologies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.54%. Roper Technologies’s dividend payout ratio is currently 21.77%.
Insider Transactions at Roper Technologies
In other news, Director Robert D. Johnson sold 140 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $550.34, for a total value of $77,047.60. Following the sale, the director now directly owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.87% of the company’s stock.
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.
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