Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Dearborn Partners LLC

Dearborn Partners LLC decreased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 22.6% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,132 shares of the industrial products company’s stock after selling 331 shares during the period. Dearborn Partners LLC’s holdings in Roper Technologies were worth $630,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new stake in shares of Roper Technologies in the 1st quarter worth about $25,000. Fairscale Capital LLC acquired a new stake in shares of Roper Technologies in the second quarter valued at approximately $28,000. Fortitude Family Office LLC bought a new stake in shares of Roper Technologies during the third quarter valued at approximately $28,000. Versant Capital Management Inc boosted its position in shares of Roper Technologies by 58.8% during the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after buying an additional 20 shares during the period. Finally, Valley Wealth Managers Inc. bought a new position in Roper Technologies in the 2nd quarter worth approximately $31,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction on Thursday, October 24th. The stock was 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 approximately $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

ROP has been the topic of several recent analyst reports. Mizuho lifted their target price on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Jefferies Financial Group upped their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Oppenheimer lowered their target price 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. Truist Financial reiterated a “buy” rating and issued a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Finally, Robert W. Baird boosted their target price on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $620.80.

Roper Technologies Trading Down 2.9 %

Roper Technologies stock opened at $548.23 on Friday. The firm has a market cap of $58.79 billion, a price-to-earnings ratio of 40.10, a price-to-earnings-growth ratio of 2.98 and a beta of 1.03. Roper Technologies, Inc. has a 1 year low of $508.22 and a 1 year high of $579.10. The firm’s 50 day moving average price is $552.38 and its two-hundred day moving average price is $547.46. 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 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the firm posted $4.32 EPS. The company’s quarterly revenue was up 11.7% on a year-over-year basis. On average, research analysts predict that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, January 3rd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. Roper Technologies’s dividend payout ratio is currently 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.