Pictet North America Advisors SA Grows Position in Roper Technologies, Inc. (NYSE:ROP)

Pictet North America Advisors SA lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 11.4% in the third quarter, Holdings Channel reports. The firm owned 401 shares of the industrial products company’s stock after purchasing an additional 41 shares during the period. Pictet North America Advisors SA’s holdings in Roper Technologies were worth $223,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. New Covenant Trust Company N.A. purchased a new stake in Roper Technologies during the first quarter worth approximately $25,000. Fairscale Capital LLC acquired a new position in shares of Roper Technologies during the second quarter worth about $28,000. Versant Capital Management Inc raised its holdings in shares of Roper Technologies by 58.8% during the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after buying an additional 20 shares during the period. Valley Wealth Managers Inc. acquired a new position in Roper Technologies during the 2nd quarter worth approximately $31,000. Finally, Covestor Ltd grew its position in Roper Technologies by 50.0% in the first quarter. Covestor Ltd now owns 60 shares of the industrial products company’s stock valued at $34,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Performance

Shares of ROP opened at $552.10 on Wednesday. The stock has a market capitalization of $59.19 billion, a PE ratio of 40.90, a price-to-earnings-growth ratio of 2.92 and a beta of 1.02. The business’s fifty day moving average price is $551.18 and its 200 day moving average price is $545.48. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48. Roper Technologies, Inc. has a 12-month low of $474.46 and a 12-month high of $579.10.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share for the quarter, topping analysts’ consensus estimates of $4.46 by $0.02. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.72 billion. Equities research analysts forecast that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Tuesday, October 8th were paid a dividend of $0.75 per share. The ex-dividend date was Tuesday, October 8th. This represents a $3.00 annualized dividend and a yield of 0.54%. Roper Technologies’s dividend payout ratio (DPR) is 22.22%.

Insiders Place Their Bets

In other news, Director Robert D. Johnson sold 140 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the sale, the director now directly owns 5,909 shares in the company, valued at approximately $3,251,959.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ROP has been the topic of a number of recent research reports. Royal Bank of Canada boosted their target price on shares of Roper Technologies from $674.00 to $675.00 and gave the stock an “outperform” rating in a research report on Friday, August 16th. Truist Financial reaffirmed a “buy” rating and set a $660.00 target price on shares of Roper Technologies in a research report on Tuesday, August 27th. Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and increased their price target for the company from $617.00 to $635.00 in a report on Thursday, July 25th. Jefferies Financial Group lifted their price objective on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, 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. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and an average target price of $619.50.

Roper Technologies 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.