Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC increased its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 110.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 28,702 shares of the industrial products company's stock after acquiring an additional 15,080 shares during the period. HighTower Advisors LLC's holdings in Roper Technologies were worth $16,023,000 at the end of the most recent quarter.Get Roper Technologies alerts:Healthcare Stocks With at Least 30 Years of Dividend IncreasesOther hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ORG Partners LLC raised its position in Roper Technologies by 764.2% in the second quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company's stock valued at $652,000 after purchasing an additional 1,024 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in Roper Technologies by 1.0% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 240,633 shares of the industrial products company's stock valued at $136,455,000 after acquiring an additional 2,399 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Roper Technologies by 5.4% during the third quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company's stock worth $19,282,000 after purchasing an additional 1,789 shares during the period. Citigroup Inc. lifted its position in shares of Roper Technologies by 17.6% during the third quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company's stock worth $106,050,000 after purchasing an additional 28,555 shares in the last quarter. Finally, PGGM Investments boosted its stake in shares of Roper Technologies by 739.4% in the second quarter. PGGM Investments now owns 72,596 shares of the industrial products company's stock valued at $40,919,000 after purchasing an additional 63,947 shares during the period. Institutional investors and hedge funds own 93.31% of the company's stock. Insiders Place Their BetsIn other news, Director Richard F. Wallman sold 1,000 shares of the firm's stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the transaction, the director now directly owns 32,955 shares in the company, valued at approximately $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.87% of the stock is currently owned by corporate insiders. Roper Technologies Stock Down 1.2 %Shares of NYSE:ROP opened at $551.20 on Friday. The firm has a 50 day simple moving average of $554.36 and a 200-day simple moving average of $551.40. Roper Technologies, Inc. has a twelve month low of $508.22 and a twelve month high of $580.09. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $59.11 billion, a PE ratio of 40.32, a P/E/G ratio of 2.96 and a beta of 1.02. Roper Technologies (NYSE:ROP - Get Free Report) last announced 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. The firm had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. Roper Technologies's quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company earned $4.32 earnings per share. On average, equities analysts predict that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year. Roper Technologies Increases DividendThe company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Friday, January 3rd. This is an increase from Roper Technologies's previous quarterly dividend of $0.75. Roper Technologies's dividend payout ratio (DPR) is currently 21.95%. Wall Street Analysts Forecast GrowthA number of research firms have issued reports on ROP. Truist Financial reiterated a "buy" rating and set a $665.00 target price (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Robert W. Baird lifted their target price on Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Jefferies Financial Group upped their price target on Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Royal Bank of Canada decreased their price objective on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Finally, Mizuho upped their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $615.20.Read Our Latest Stock Report on ROPAbout Roper Technologies (Free Report)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.Featured StoriesFive stocks we like better than Roper Technologies3 REITs to Buy and Hold for the Long TermTrinity Capital CEO on Leading Private Credit’s High-Yield GrowthInsider Buying Explained: What Investors Need to KnowLululemon Surges On Q3 Report: Analysts Step in To Support MarketStock Ratings and Recommendations: Understanding Analyst Ratings10 Safe Investments with High ReturnsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ WARNING: “Buffett Indicator” flashing for first time in 50 years (From Behind the Markets) (Ad)Should you invest $1,000 in Roper Technologies right now?Before you consider Roper Technologies, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Roper Technologies wasn't on the list.While Roper Technologies currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here