Versant Capital Management Inc Has $59,000 Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Versant Capital Management Inc increased its holdings in Roper Technologies, Inc. (NYSE:ROP) by 40.7% during the fourth quarter, HoldingsChannel reports. The fund owned 114 shares of the industrial products company’s stock after acquiring an additional 33 shares during the quarter. Versant Capital Management Inc’s holdings in Roper Technologies were worth $59,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ROP. Fairscale Capital LLC purchased a new stake in shares of Roper Technologies in the second quarter worth approximately $28,000. Fortitude Family Office LLC bought a new stake in Roper Technologies during the third quarter worth $28,000. Valley Wealth Managers Inc. purchased a new stake in Roper Technologies in the 2nd quarter valued at $31,000. Global Wealth Strategies & Associates bought a new position in Roper Technologies during the 3rd quarter valued at $37,000. Finally, Kimelman & Baird LLC purchased a new position in Roper Technologies during the 2nd quarter worth $42,000. Institutional investors own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ROP. Oppenheimer began coverage on shares of Roper Technologies in a report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 target price for the company. Robert W. Baird lifted their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Truist Financial reaffirmed a “buy” rating and issued a $665.00 target price (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Barclays reissued an “underweight” rating and issued a $569.00 price objective (down previously from $625.00) on shares of Roper Technologies in a research report on Thursday, December 5th. Finally, Mizuho raised their target price on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $624.11.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the transaction, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. The trade was a 2.95 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.87% of the company’s stock.

Roper Technologies Stock Up 0.2 %

Shares of NYSE ROP opened at $514.64 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The stock has a market capitalization of $55.18 billion, a PE ratio of 37.65, a P/E/G ratio of 2.84 and a beta of 1.04. Roper Technologies, Inc. has a one year low of $508.22 and a one year high of $580.09. The business’s fifty day moving average price is $546.65 and its 200-day moving average price is $549.31.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating the consensus estimate of $4.53 by $0.09. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.32 earnings per share. On average, equities research analysts anticipate that Roper Technologies, Inc. will post 18.26 EPS for the current year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.64%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. Roper Technologies’s payout ratio is currently 24.14%.

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.