FORA Capital LLC Buys 7,319 Shares of Roper Technologies, Inc. (NYSE:ROP)

FORA Capital LLC grew its stake in Roper Technologies, Inc. (NYSE:ROP) by 395.6% in the 3rd quarter, Holdings Channel.com reports. The firm owned 9,169 shares of the industrial products company’s stock after purchasing an additional 7,319 shares during the period. FORA Capital LLC’s holdings in Roper Technologies were worth $5,102,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. New Covenant Trust Company N.A. bought a new stake in Roper Technologies in the first quarter worth $25,000. Fairscale Capital LLC purchased a new position in shares of Roper Technologies during the 2nd quarter worth about $28,000. Fortitude Family Office LLC bought a new position in Roper Technologies during the 3rd quarter valued at about $28,000. Versant Capital Management Inc raised 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 purchasing an additional 20 shares during the period. Finally, Valley Wealth Managers Inc. bought a new stake in Roper Technologies in the second quarter worth about $31,000. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Up 0.1 %

Shares of NYSE ROP traded up $0.66 during midday trading on Wednesday, reaching $562.55. 31,552 shares of the company’s stock traded hands, compared to its average volume of 491,924. The company has a market cap of $60.32 billion, a price-to-earnings ratio of 31.20, a P/E/G ratio of 2.91 and a beta of 1.03. Roper Technologies, Inc. has a one year low of $508.22 and a one year high of $579.10. 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 stock’s 50 day simple moving average is $552.66 and its 200-day simple moving average is $549.94.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) 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 business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the business posted $4.32 EPS. The business’s revenue was up 11.7% compared to the same quarter last year. On average, analysts predict that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a $0.825 dividend. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Friday, January 3rd. Roper Technologies’s dividend payout ratio (DPR) is currently 21.95%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada reduced their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Robert W. Baird lifted their target price on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Mizuho upped their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a 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 report on Thursday, October 24th. Finally, Jefferies Financial Group upped their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $620.80.

Insider Transactions at Roper Technologies

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 value of $550,000.00. Following the completion of the sale, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. This trade represents a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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.