Verdence Capital Advisors LLC Acquires 1,675 Shares of Roper Technologies, Inc. $ROP

Verdence Capital Advisors LLC bought a new stake in shares of Roper Technologies, Inc. (NASDAQ:ROP) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,675 shares of the industrial products company’s stock, valued at approximately $585,000.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Roper Technologies in the 2nd quarter worth $3,346,912,000. Wellington Management Group LLP purchased a new stake in shares of Roper Technologies during the second quarter worth about $890,328,000. Corient Private Wealth LP purchased a new stake in shares of Roper Technologies during the second quarter worth about $80,953,000. Flossbach Von Storch SE purchased a new position in Roper Technologies in the 2nd quarter worth approximately $448,321,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Roper Technologies by 206.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,339,710 shares of the industrial products company’s stock worth $474,070,000 after purchasing an additional 903,223 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ROP shares. Robert W. Baird set a $480.00 price objective on shares of Roper Technologies and gave the company an “outperform” rating in a report on Friday, July 24th. Raymond James Financial lowered shares of Roper Technologies from a “strong-buy” rating to a “market perform” rating in a research report on Wednesday, July 22nd. BMO Capital Markets reaffirmed a “market perform” rating and set a $462.00 target price (up from $393.00) on shares of Roper Technologies in a research note on Friday, October 23rd. Truist Financial lifted their price target on shares of Roper Technologies from $475.00 to $500.00 and gave the company a “buy” rating in a report on Friday, October 23rd. Finally, Jefferies Financial Group boosted their price target on shares of Roper Technologies from $500.00 to $540.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Roper Technologies has a consensus rating of “Hold” and a consensus target price of $469.41.

Roper Technologies Stock Performance

NASDAQ:ROP opened at $449.65 on Friday. The company has a market cap of $44.47 billion, a price-to-earnings ratio of 17.74, a PEG ratio of 2.19 and a beta of 0.75. Roper Technologies, Inc. has a 1 year low of $305.96 and a 1 year high of $455.80. The stock’s 50 day simple moving average is $391.22 and its two-hundred day simple moving average is $365.38. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.43 and a quick ratio of 0.39.

Roper Technologies (NASDAQ:ROP) last posted its earnings results on Thursday, October 22nd. The industrial products company reported $5.89 EPS for the quarter, beating analysts’ consensus estimates of $5.79 by $0.10. Roper Technologies had a return on equity of 11.64% and a net margin of 30.71%. The firm had revenue of $2.17 billion during the quarter. During the same quarter in the prior year, the company posted $5.14 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. As a group, equities analysts anticipate that Roper Technologies, Inc. will post 22.38 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, October 2nd. Roper Technologies’s dividend payout ratio (DPR) is presently 14.36%.

Insider Transactions at Roper Technologies

In other news, EVP John Stipancich sold 3,500 shares of the company’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $449.04, for a total transaction of $1,571,640.00. Following the sale, the executive vice president directly owned 35,434 shares in the company, valued at approximately $15,911,283.36. This represents a 8.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jason Conley sold 12,000 shares of the stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $435.53, for a total transaction of $5,226,360.00. Following the completion of the transaction, the executive vice president directly owned 28,457 shares of the company’s stock, valued at approximately $12,393,877.21. The trade was a 29.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.80% of the company’s stock.

Roper Technologies Profile

Roper Technologies, Inc is a diversified technology company that develops and acquires businesses serving specialized markets. Its portfolio includes application software, network software and technology-enabled products used by businesses, healthcare organizations, government agencies and other institutions.

The company’s software businesses provide solutions for areas such as education administration, healthcare information management, enterprise asset management, compliance, legal and construction workflows, and financial services.