Parcion Private Wealth LLC Makes New $3.04 Million Investment in Roper Technologies, Inc. $ROP

Parcion Private Wealth LLC acquired a new position in shares of Roper Technologies, Inc. (NASDAQ:ROP) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 8,694 shares of the industrial products company’s stock, valued at approximately $3,038,000.

A number of other hedge funds have also bought and sold shares of the company. Choreo LLC bought a new position in shares of Roper Technologies during the 3rd quarter worth about $1,378,000. Argentarii LLC bought a new stake in Roper Technologies in the 3rd quarter valued at about $500,000. China Universal Asset Management Co. Ltd. bought a new stake in Roper Technologies in the 3rd quarter valued at about $1,165,000. D.A. Davidson & CO. raised its stake in Roper Technologies by 3.9% during the 3rd quarter. D.A. Davidson & CO. now owns 7,585 shares of the industrial products company’s stock worth $2,650,000 after buying an additional 288 shares during the period. Finally, ICW Investment Advisors LLC acquired a new position in Roper Technologies during the 3rd quarter worth approximately $624,000. Institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ROP. The Goldman Sachs Group cut their price target on Roper Technologies from $414.00 to $410.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. BMO Capital Markets restated a “market perform” rating and set a $462.00 price objective (up from $393.00) on shares of Roper Technologies in a report on Friday, October 23rd. Mizuho set a $355.00 target price on Roper Technologies in a research report on Tuesday, July 21st. JPMorgan Chase & Co. upgraded Roper Technologies from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $415.00 to $490.00 in a report on Monday, October 26th. Finally, Argus upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $450.00 price target for the company in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $469.41.

Roper Technologies Trading Up 3.8%

Shares of Roper Technologies stock opened at $466.60 on Friday. The company has a market capitalization of $46.15 billion, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 2.23 and a beta of 0.75. The stock has a fifty day simple moving average of $392.34 and a 200 day simple moving average of $365.55. Roper Technologies, Inc. has a 12-month low of $305.96 and a 12-month high of $470.01. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 0.43.

Roper Technologies (NASDAQ:ROP) last posted its quarterly earnings data on Thursday, October 22nd. The industrial products company reported $5.89 EPS for the quarter, beating the consensus estimate of $5.79 by $0.10. Roper Technologies had a net margin of 30.71% and a return on equity of 11.64%. The firm had revenue of $2.17 billion during the quarter. During the same quarter last year, the business posted $5.14 EPS. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, sell-side analysts anticipate that Roper Technologies, Inc. will post 22.38 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

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

Roper Technologies Company 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.