Roper Technologies, Inc. (NYSE:ROP) Shares Sold by MML Investors Services LLC

MML Investors Services LLC trimmed its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 9.0% during the third quarter, HoldingsChannel reports. The institutional investor owned 7,580 shares of the industrial products company’s stock after selling 746 shares during the quarter. MML Investors Services LLC’s holdings in Roper Technologies were worth $4,218,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. First National Bank of Omaha raised its stake in shares of Roper Technologies by 0.6% in the 3rd quarter. First National Bank of Omaha now owns 12,907 shares of the industrial products company’s stock valued at $7,182,000 after acquiring an additional 82 shares during the period. Kensington Investment Counsel LLC raised its position in Roper Technologies by 1.4% in the third quarter. Kensington Investment Counsel LLC now owns 6,860 shares of the industrial products company’s stock valued at $3,817,000 after purchasing an additional 98 shares during the period. DF Dent & Co. Inc. lifted its stake in shares of Roper Technologies by 0.7% during the third quarter. DF Dent & Co. Inc. now owns 48,759 shares of the industrial products company’s stock worth $27,131,000 after purchasing an additional 346 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Roper Technologies by 22.1% in the third quarter. National Bank of Canada FI now owns 97,995 shares of the industrial products company’s stock worth $54,528,000 after buying an additional 17,731 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its stake in shares of Roper Technologies by 60.5% in the third quarter. Kovitz Investment Group Partners LLC now owns 4,467 shares of the industrial products company’s stock valued at $2,486,000 after buying an additional 1,683 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Royal Bank of Canada decreased their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Truist Financial restated a “buy” rating and issued a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Barclays reaffirmed an “underweight” rating and set a $569.00 price target (down from $625.00) on shares of Roper Technologies in a report on Thursday, December 5th. Mizuho upped their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Robert W. Baird raised their target price on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $615.20.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the 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 sale, the director now owns 32,955 shares in the company, valued at $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

Shares of ROP stock opened at $543.66 on Friday. The stock has a market capitalization of $58.30 billion, a price-to-earnings ratio of 39.77, a PEG ratio of 2.87 and a beta of 1.02. Roper Technologies, Inc. has a one year low of $508.22 and a one year high of $580.09. The company’s 50-day simple moving average is $554.11 and its 200-day simple moving average is $551.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping the consensus estimate of $4.53 by $0.09. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $4.32 EPS. Equities analysts anticipate that Roper Technologies, Inc. will post 18.26 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.61%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. Roper Technologies’s dividend payout ratio is 21.95%.

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.