Ameritas Advisory Services LLC Has $371,000 Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Ameritas Advisory Services LLC boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 18.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 714 shares of the industrial products company’s stock after buying an additional 112 shares during the period. Ameritas Advisory Services LLC’s holdings in Roper Technologies were worth $371,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its position in Roper Technologies by 5.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company’s stock valued at $19,282,000 after acquiring an additional 1,789 shares in the last quarter. Citigroup Inc. raised its stake in shares of Roper Technologies by 17.6% in the 3rd quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company’s stock valued at $106,050,000 after purchasing an additional 28,555 shares during the period. Synovus Financial Corp lifted its holdings in shares of Roper Technologies by 19.6% in the third quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock valued at $3,265,000 after purchasing an additional 961 shares in the last quarter. Douglas Lane & Associates LLC boosted its position in shares of Roper Technologies by 18.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company’s stock worth $57,005,000 after buying an additional 17,466 shares during the period. Finally, Harvest Fund Management Co. Ltd grew its holdings in shares of Roper Technologies by 52.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 4,938 shares of the industrial products company’s stock worth $2,747,000 after buying an additional 1,699 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Truist Financial reaffirmed a “buy” rating and set a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Royal Bank of Canada decreased their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Robert W. Baird boosted their price target 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. Barclays lowered their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Finally, Mizuho increased their price target 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 investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $624.38.

Roper Technologies Price Performance

NYSE:ROP opened at $533.24 on Friday. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $580.09. The firm has a market capitalization of $57.18 billion, a price-to-earnings ratio of 39.01, a P/E/G ratio of 2.53 and a beta of 1.04. The stock’s 50 day moving average price is $536.51 and its two-hundred day moving average price is $545.22. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the prior year, the business earned $4.32 EPS. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, analysts anticipate that Roper Technologies, Inc. will post 18.29 earnings per share for the current year.

Roper Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date of this dividend was Friday, January 3rd. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio (DPR) 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.