Tranquility Partners LLC Has $735,000 Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Tranquility Partners LLC grew its stake in Roper Technologies, Inc. (NYSE:ROP) by 33.0% during the third quarter, Holdings Channel reports. The firm owned 1,321 shares of the industrial products company’s stock after purchasing an additional 328 shares during the period. Tranquility Partners LLC’s holdings in Roper Technologies were worth $735,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Pathstone Holdings LLC increased its holdings in Roper Technologies by 0.4% in the 3rd quarter. Pathstone Holdings LLC now owns 14,850 shares of the industrial products company’s stock worth $8,265,000 after acquiring an additional 66 shares during the last quarter. OneAscent Wealth Management LLC purchased a new stake in shares of Roper Technologies in the 3rd quarter valued at about $600,000. Cassaday & Co Wealth Management LLC grew its position in Roper Technologies by 12.0% in the third quarter. Cassaday & Co Wealth Management LLC now owns 421 shares of the industrial products company’s stock worth $234,000 after acquiring an additional 45 shares in the last quarter. Capital City Trust Co. FL grew its position in Roper Technologies by 2.7% during the third quarter. Capital City Trust Co. FL now owns 9,825 shares of the industrial products company’s stock valued at $5,467,000 after acquiring an additional 256 shares during the last quarter. Finally, Taurus Asset Management LLC raised its position in Roper Technologies by 4.7% in the 3rd quarter. Taurus Asset Management LLC now owns 21,675 shares of the industrial products company’s stock worth $12,061,000 after purchasing an additional 965 shares during the period. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Up 0.2 %

NYSE ROP opened at $549.37 on Tuesday. The company has a fifty day simple moving average of $552.31 and a two-hundred day simple moving average of $548.46. Roper Technologies, Inc. has a 12-month low of $508.22 and a 12-month high of $579.10. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The stock has a market cap of $58.91 billion, a P/E ratio of 30.66, a P/E/G ratio of 2.86 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the prior year, the business earned $4.32 earnings per share. The company’s revenue was up 11.7% compared to the same quarter last year. On average, analysts forecast that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Friday, January 3rd. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s payout ratio is 21.95%.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the sale, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ROP has been the topic of a number of recent analyst reports. Oppenheimer cut their price target on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Mizuho upped their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Truist Financial reiterated a “buy” rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Jefferies Financial Group increased their target price on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Finally, Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $620.80.

Roper Technologies Profile

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.