Aptus Capital Advisors LLC Has $11.13 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Aptus Capital Advisors LLC increased its position in Roper Technologies, Inc. (NYSE:ROP) by 12.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 20,006 shares of the industrial products company’s stock after acquiring an additional 2,216 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Roper Technologies were worth $11,132,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in ROP. Empowered Funds LLC increased its stake in shares of Roper Technologies by 159.1% in the first quarter. Empowered Funds LLC now owns 3,293 shares of the industrial products company’s stock valued at $1,847,000 after buying an additional 2,022 shares during the period. Sei Investments Co. increased its stake in shares of Roper Technologies by 5.6% in the first quarter. Sei Investments Co. now owns 29,414 shares of the industrial products company’s stock valued at $16,495,000 after buying an additional 1,553 shares during the period. QRG Capital Management Inc. increased its stake in shares of Roper Technologies by 24.6% in the first quarter. QRG Capital Management Inc. now owns 1,872 shares of the industrial products company’s stock valued at $1,050,000 after buying an additional 369 shares during the period. Avantax Advisory Services Inc. increased its position in Roper Technologies by 16.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 509 shares of the industrial products company’s stock valued at $285,000 after purchasing an additional 71 shares during the period. Finally, Bleakley Financial Group LLC increased its position in Roper Technologies by 4.6% during the 1st quarter. Bleakley Financial Group LLC now owns 2,167 shares of the industrial products company’s stock valued at $1,215,000 after purchasing an additional 95 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Activity

In other news, Director Richard F. Wallman sold 1,000 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the sale, the director now directly owns 32,955 shares of the company’s stock, valued at $18,125,250. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

ROP has been the subject of a number of recent analyst reports. 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. Royal Bank of Canada reduced their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Jefferies Financial Group raised their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Oppenheimer reduced their price objective on shares of 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 research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $620.80.

Roper Technologies Stock Up 0.0 %

Shares of ROP traded up $0.07 during trading hours on Tuesday, reaching $565.21. The stock had a trading volume of 69,483 shares, compared to its average volume of 494,057. Roper Technologies, Inc. has a 12 month low of $508.22 and a 12 month high of $579.10. The firm has a 50-day simple moving average of $551.68 and a 200 day simple moving average of $546.91. 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 company has a market capitalization of $60.61 billion, a price-to-earnings ratio of 41.34, a P/E/G ratio of 2.96 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating the consensus estimate of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the business earned $4.32 EPS. The business’s revenue was up 11.7% on a year-over-year basis. Equities research analysts predict that Roper Technologies, Inc. will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.825 per share. The ex-dividend date is Friday, January 3rd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. Roper Technologies’s dividend payout ratio (DPR) is currently 24.14%.

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.