1,361 Shares of Roper Technologies, Inc. $ROP Purchased by Guardian Wealth Advisors LLC

Guardian Wealth Advisors LLC bought a new position in Roper Technologies, Inc. (NASDAQ:ROP) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,361 shares of the industrial products company’s stock, valued at approximately $476,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROP. BlackRock Inc. purchased a new position in Roper Technologies during the second quarter valued at approximately $3,346,912,000. Wellington Management Group LLP purchased a new stake in Roper Technologies in the 2nd quarter worth approximately $890,328,000. Corient Private Wealth LP purchased a new stake in Roper Technologies in the 2nd quarter worth approximately $80,953,000. Flossbach Von Storch SE acquired a new stake in shares of Roper Technologies during the 2nd quarter worth approximately $448,321,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Roper Technologies by 206.9% during 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 during the period. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Trading Down 1.2%

Shares of ROP stock opened at $473.58 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.43 and a quick ratio of 0.39. The company has a market cap of $46.84 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 2.38 and a beta of 0.67. The stock has a 50 day simple moving average of $394.86 and a 200-day simple moving average of $366.06. Roper Technologies, Inc. has a 1-year low of $305.96 and a 1-year high of $484.21.

Roper Technologies (NASDAQ:ROP) last issued its quarterly earnings results on Thursday, October 22nd. The industrial products company reported $5.89 EPS for the quarter, topping the consensus estimate of $5.79 by $0.10. The company had revenue of $2.17 billion during the quarter. Roper Technologies had a net margin of 30.71% and a return on equity of 11.64%. Roper Technologies’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.14 EPS. On average, equities research analysts expect that Roper Technologies, Inc. will post 22.38 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ROP shares. 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 report on Friday, October 23rd. Robert W. Baird set a $480.00 price target on shares of Roper Technologies and gave the company an “outperform” rating in a research report on Friday, July 24th. JPMorgan Chase & Co. raised shares of Roper Technologies from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $415.00 to $490.00 in a report on Monday, October 26th. Argus upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $450.00 price objective for the company in a research report on Thursday, August 6th. Finally, Mizuho set a $355.00 target price on shares of Roper Technologies in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Roper Technologies has a consensus rating of “Hold” and a consensus price target of $469.41.

Insider Transactions at Roper Technologies

In other news, EVP Jason Conley sold 12,000 shares of the business’s 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 sale, the executive vice president owned 28,457 shares of the company’s stock, valued at $12,393,877.21. The trade was a 29.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John Stipancich sold 3,500 shares of the firm’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 completion of the transaction, the executive vice president directly owned 35,434 shares in the company, valued at $15,911,283.36. This represents a 8.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.80% of the stock is owned by insiders.

About Roper Technologies

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.