Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC reduced its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 24.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 617 shares of the industrial products company’s stock after selling 195 shares during the period. Beaumont Financial Advisors LLC’s holdings in Roper Technologies were worth $343,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Roper Technologies by 497.6% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,329 shares of the industrial products company’s stock valued at $5,232,000 after purchasing an additional 7,768 shares during the last quarter. ORG Partners LLC lifted its position in Roper Technologies by 764.2% during the second quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock valued at $652,000 after buying an additional 1,024 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of Roper Technologies by 1.0% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 240,633 shares of the industrial products company’s stock valued at $136,455,000 after purchasing an additional 2,399 shares during the period. Douglas Lane & Associates LLC boosted its stake in shares of Roper Technologies by 3.1% in the first quarter. Douglas Lane & Associates LLC now owns 73,007 shares of the industrial products company’s stock valued at $40,945,000 after purchasing an additional 2,189 shares during the period. Finally, Duality Advisers LP boosted its stake in shares of Roper Technologies by 355.4% in the first quarter. Duality Advisers LP now owns 12,026 shares of the industrial products company’s stock valued at $6,745,000 after purchasing an additional 9,385 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have weighed in on ROP. Royal Bank of Canada increased their target price on shares of Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a report on Friday, August 16th. Truist Financial restated a “buy” rating and set a $660.00 price target on shares of Roper Technologies in a research report on Tuesday, August 27th. Barclays upped their price target on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Robert W. Baird upgraded shares of Roper Technologies from a “neutral” rating to an “outperform” rating and increased their target price for the company from $617.00 to $635.00 in a research report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $616.00.

Insider Transactions at Roper Technologies

In other news, Director Robert D. Johnson sold 140 shares of the firm’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $550.34, for a total value of $77,047.60. Following the sale, the director now owns 5,909 shares in the company, valued at approximately $3,251,959.06. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Price Performance

Shares of ROP opened at $551.55 on Friday. The firm has a market cap of $59.04 billion, a PE ratio of 40.03, a PEG ratio of 2.86 and a beta of 1.02. The firm’s 50 day moving average price is $546.08 and its 200 day moving average price is $545.25. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.48 and a current ratio of 0.53. Roper Technologies, Inc. has a twelve month low of $474.46 and a twelve month high of $579.10.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, beating the consensus estimate of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.72 billion. As a group, research analysts expect that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.54%. Roper Technologies’s payout ratio is 21.77%.

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.