Evermay Wealth Management LLC Buys 42 Shares of Roper Technologies, Inc. (NYSE:ROP)

Evermay Wealth Management LLC raised its position in Roper Technologies, Inc. (NYSE:ROP) by 3.5% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,229 shares of the industrial products company’s stock after buying an additional 42 shares during the period. Evermay Wealth Management LLC’s holdings in Roper Technologies were worth $684,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Avitas Wealth Management LLC grew its position in shares of Roper Technologies by 1.1% during the 3rd quarter. Avitas Wealth Management LLC now owns 6,512 shares of the industrial products company’s stock worth $3,624,000 after buying an additional 70 shares during the period. Valmark Advisers Inc. raised its holdings in Roper Technologies by 60.3% in the third quarter. Valmark Advisers Inc. now owns 752 shares of the industrial products company’s stock worth $418,000 after purchasing an additional 283 shares during the period. Strategic Blueprint LLC boosted its position in shares of Roper Technologies by 29.9% during the third quarter. Strategic Blueprint LLC now owns 764 shares of the industrial products company’s stock worth $425,000 after purchasing an additional 176 shares in the last quarter. Farmers & Merchants Investments Inc. grew its holdings in shares of Roper Technologies by 2.0% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 41,251 shares of the industrial products company’s stock valued at $22,954,000 after buying an additional 799 shares during the period. Finally, Fortitude Family Office LLC bought a new stake in shares of Roper Technologies in the 3rd quarter valued at $28,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Roper Technologies

In related 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 transaction of $550,000.00. Following the sale, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.87% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on ROP. Barclays raised their price target on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 10th. Truist Financial reaffirmed a “buy” rating and issued a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Mizuho raised their price objective 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. Oppenheimer reduced their target price on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Finally, Jefferies Financial Group boosted their price target on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $620.80.

Roper Technologies Stock Up 0.4 %

Shares of NYSE:ROP traded up $2.32 during midday trading on Wednesday, hitting $551.13. The stock had a trading volume of 172,791 shares, compared to its average volume of 493,909. 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 business’s 50-day simple moving average is $551.19 and its 200-day simple moving average is $545.64. Roper Technologies, Inc. has a 12 month low of $483.56 and a 12 month high of $579.10. The company has a market cap of $59.09 billion, a P/E ratio of 40.15, a PEG ratio of 2.83 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last issued its 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 net margin of 21.78% and a return on equity of 10.73%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the firm earned $4.32 EPS. Roper Technologies’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, sell-side analysts forecast that Roper Technologies, Inc. will post 18.23 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Tuesday, October 8th were issued a $0.75 dividend. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.54%. Roper Technologies’s dividend payout ratio (DPR) is currently 21.95%.

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.