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

Signal Advisors Wealth LLC increased its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 42.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,816 shares of the industrial products company’s stock after acquiring 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.

A number of other hedge funds and other institutional investors have also made changes to their positions in ROP. Fairscale Capital LLC acquired a new stake in Roper Technologies during the 2nd quarter worth approximately $28,000. Fortitude Family Office LLC purchased a new stake in shares of Roper Technologies during the 3rd quarter worth approximately $28,000. Global Wealth Strategies & Associates acquired a new position in Roper Technologies during the third quarter worth $37,000. Kimelman & Baird LLC purchased a new stake in Roper Technologies during the second quarter worth $42,000. Finally, Central Pacific Bank Trust Division grew its holdings in Roper Technologies by 34.4% in the third quarter. Central Pacific Bank Trust Division now owns 86 shares of the industrial products company’s stock valued at $48,000 after purchasing an additional 22 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ROP. Mizuho raised their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Barclays cut their price target on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Robert W. Baird increased their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Truist Financial restated a “buy” rating and issued a $665.00 target price (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Finally, Oppenheimer started coverage on shares of Roper Technologies in a report on Monday, December 23rd. They set an “outperform” rating and a $630.00 price target for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $623.33.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the transaction, the director now directly owns 32,955 shares in the company, valued at $18,125,250. This represents a 2.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Stock Performance

NYSE:ROP opened at $508.00 on Tuesday. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $580.09. The firm’s 50 day moving average is $542.32 and its two-hundred day moving average is $547.05. The company has a market cap of $54.47 billion, a P/E ratio of 37.16, a P/E/G ratio of 2.84 and a beta of 1.04. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP) last issued its earnings results 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 firm had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter last year, the firm earned $4.32 earnings per share. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. Analysts expect that Roper Technologies, Inc. will post 18.26 EPS for the current year.

Roper Technologies Increases Dividend

The business also recently declared 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. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 0.65%. The ex-dividend date is Friday, January 3rd. Roper Technologies’s dividend payout ratio is currently 24.14%.

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.