abrdn plc Sells 3,125 Shares of Roper Technologies, Inc. (NYSE:ROP)

abrdn plc lessened its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 6.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,387 shares of the industrial products company’s stock after selling 3,125 shares during the quarter. abrdn plc’s holdings in Roper Technologies were worth $24,198,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ROP. OFI Invest Asset Management bought a new position in shares of Roper Technologies during the 3rd quarter worth about $25,000. Altshuler Shaham Ltd bought a new position in shares of Roper Technologies during the 3rd quarter worth about $27,000. Independence Bank of Kentucky bought a new position in shares of Roper Technologies during the 4th quarter worth about $31,000. Wetzel Investment Advisors Inc. bought a new position in shares of Roper Technologies during the 4th quarter worth about $31,000. Finally, Lee Financial Co bought a new position in shares of Roper Technologies during the 3rd quarter worth about $34,000. Institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the sale, the director now owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.94% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Mizuho raised their price target on shares of Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Oppenheimer raised their price target on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Royal Bank of Canada raised their price target on shares of Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Wells Fargo & Company raised their price target on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Finally, TD Cowen cut shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target on the stock. in a research report on Thursday, January 4th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $574.58.

Roper Technologies Trading Up 0.1 %

NYSE:ROP opened at $539.62 on Wednesday. The firm has a 50-day moving average price of $545.66 and a two-hundred day moving average price of $533.09. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50. Roper Technologies, Inc. has a 52 week low of $430.03 and a 52 week high of $565.00. The firm has a market cap of $57.75 billion, a price-to-earnings ratio of 41.86, a price-to-earnings-growth ratio of 2.84 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.03. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the business posted $3.92 EPS. Roper Technologies’s quarterly revenue was up 12.7% compared to the same quarter last year. On average, equities analysts expect that Roper Technologies, Inc. will post 18.08 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were paid a dividend of $0.75 per share. The ex-dividend date was Thursday, April 4th. This represents a $3.00 annualized dividend and a dividend yield of 0.56%. Roper Technologies’s payout ratio is currently 23.27%.

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.