Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. cut its holdings in Roper Technologies, Inc. (NYSE:ROP) by 2.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 48,031 shares of the industrial products company’s stock after selling 956 shares during the period. Asset Management One Co. Ltd.’s holdings in Roper Technologies were worth $26,726,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ROP. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of Roper Technologies by 497.6% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,329 shares of the industrial products company’s stock worth $5,232,000 after acquiring an additional 7,768 shares during the last quarter. ORG Partners LLC raised its holdings in shares of Roper Technologies by 764.2% during the second quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock valued at $652,000 after buying an additional 1,024 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of Roper Technologies by 1.0% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 240,633 shares of the industrial products company’s stock worth $136,455,000 after buying an additional 2,399 shares during the period. Duality Advisers LP grew its holdings in Roper Technologies by 355.4% in the 1st quarter. Duality Advisers LP now owns 12,026 shares of the industrial products company’s stock worth $6,745,000 after buying an additional 9,385 shares in the last quarter. Finally, Forsta AP Fonden increased its position in Roper Technologies by 15.7% in the 1st quarter. Forsta AP Fonden now owns 20,600 shares of the industrial products company’s stock valued at $11,553,000 after acquiring an additional 2,800 shares during the period. Institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

ROP has been the topic of a number of recent analyst reports. Oppenheimer cut their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Jefferies Financial Group boosted their target price on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Truist Financial reaffirmed a “buy” rating and set a $665.00 price target (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Finally, Robert W. Baird upped their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $620.80.

Roper Technologies Stock Performance

Shares of NYSE:ROP opened at $542.08 on Tuesday. 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 business’s fifty day moving average price is $550.71 and its two-hundred day moving average price is $546.05. Roper Technologies, Inc. has a fifty-two week low of $502.06 and a fifty-two week high of $579.10. The stock has a market capitalization of $58.12 billion, a price-to-earnings ratio of 30.25, a price-to-earnings-growth ratio of 2.82 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates 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 for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $4.32 earnings per share. As a group, analysts predict that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th were paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Tuesday, October 8th. Roper Technologies’s dividend payout ratio is currently 21.95%.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the company’s stock in a transaction dated 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 owns 32,955 shares in the company, valued at $18,125,250. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.87% of the company’s stock.

Roper Technologies Company 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.