Hibernia Wealth Partners LLC Increases Stake in Roper Technologies, Inc. (NYSE:ROP)

Hibernia Wealth Partners LLC increased its position in Roper Technologies, Inc. (NYSE:ROP) by 4.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 522 shares of the industrial products company’s stock after acquiring an additional 21 shares during the quarter. Hibernia Wealth Partners LLC’s holdings in Roper Technologies were worth $291,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. First Financial Bankshares Inc grew its holdings in Roper Technologies by 3.7% during the 3rd quarter. First Financial Bankshares Inc now owns 4,114 shares of the industrial products company’s stock valued at $2,289,000 after buying an additional 146 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Roper Technologies by 7.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 12,462 shares of the industrial products company’s stock valued at $6,934,000 after buying an additional 825 shares in the last quarter. Smith Salley Wealth Management grew its holdings in Roper Technologies by 2.5% during the 3rd quarter. Smith Salley Wealth Management now owns 34,385 shares of the industrial products company’s stock valued at $19,133,000 after buying an additional 838 shares in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in Roper Technologies by 1.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 185,413 shares of the industrial products company’s stock valued at $102,350,000 after buying an additional 2,481 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its holdings in Roper Technologies by 11.9% during the 3rd quarter. Arkadios Wealth Advisors now owns 1,387 shares of the industrial products company’s stock valued at $772,000 after buying an additional 147 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ROP shares. Barclays lifted their target price on Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a 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. Mizuho lifted their price target on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Royal Bank of Canada dropped their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Oppenheimer dropped their price target 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. Three 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. According to data from MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and an average price target of $620.80.

Roper Technologies Stock Performance

NYSE:ROP opened at $542.00 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. Roper Technologies, Inc. has a 1-year low of $474.46 and a 1-year high of $579.10. The business has a 50 day moving average of $551.26 and a 200 day moving average of $545.51. The company has a market capitalization of $58.02 billion, a price-to-earnings ratio of 39.33, a PEG ratio of 2.89 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.53 by $0.09. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the previous year, the firm earned $4.32 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. On average, sell-side analysts predict that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%.

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.