Signal Advisors Wealth LLC Increases Position in Roper Technologies, Inc. (NYSE:ROP)

Signal Advisors Wealth LLC lifted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 42.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,816 shares of the industrial products company’s stock after buying an additional 1,719 shares during the quarter. Signal Advisors Wealth LLC’s holdings in Roper Technologies were worth $3,023,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ayrshire Capital Management LLC boosted its position in Roper Technologies by 2.3% in the 4th quarter. Ayrshire Capital Management LLC now owns 13,126 shares of the industrial products company’s stock valued at $6,823,000 after buying an additional 289 shares during the period. Marion Wealth Management raised its stake in shares of Roper Technologies by 3.6% during the fourth quarter. Marion Wealth Management now owns 6,285 shares of the industrial products company’s stock valued at $3,267,000 after acquiring an additional 220 shares in the last quarter. Miracle Mile Advisors LLC boosted its holdings in shares of Roper Technologies by 10.4% in the fourth quarter. Miracle Mile Advisors LLC now owns 2,963 shares of the industrial products company’s stock valued at $1,540,000 after purchasing an additional 279 shares during the period. Capital Investment Advisors LLC grew its stake in Roper Technologies by 5.9% in the fourth quarter. Capital Investment Advisors LLC now owns 3,050 shares of the industrial products company’s stock worth $1,586,000 after purchasing an additional 169 shares in the last quarter. Finally, Fiduciary Alliance LLC purchased a new position in Roper Technologies during the 4th quarter worth $1,232,000. 93.31% of the stock is owned by institutional investors.

Roper Technologies Stock Performance

ROP opened at $508.00 on Tuesday. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $580.09. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The firm’s fifty day simple moving average is $542.32 and its two-hundred day simple moving average is $547.05. The company has a market cap of $54.47 billion, a price-to-earnings ratio of 37.16, a PEG ratio of 2.84 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating 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 company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter last year, the firm posted $4.32 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities analysts anticipate that Roper Technologies, Inc. will post 18.26 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a $0.825 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.65%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio is currently 24.14%.

Insider Transactions 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. Insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

ROP has been the topic of a number of recent research reports. Barclays dropped their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Robert W. Baird increased their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Mizuho boosted their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Royal Bank of Canada dropped their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, Oppenheimer assumed coverage on shares of Roper Technologies in a report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $623.33.

Roper Technologies Company 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.