Atlantic Union Bankshares Corp Sells 989 Shares of Roper Technologies, Inc. (NYSE:ROP)

Atlantic Union Bankshares Corp cut its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 10.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,109 shares of the industrial products company's stock after selling 989 shares during the quarter. Atlantic Union Bankshares Corp's holdings in Roper Technologies were worth $4,512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of ROP. Loomis Sayles & Co. L P lifted its position in Roper Technologies by 25.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company's stock worth $360,811,000 after buying an additional 132,913 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Roper Technologies by 24.4% in the 2nd quarter. American Century Companies Inc. now owns 605,769 shares of the industrial products company's stock worth $341,448,000 after acquiring an additional 118,971 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Roper Technologies by 4.0% in the 2nd quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company's stock valued at $1,512,813,000 after purchasing an additional 102,199 shares in the last quarter. Bank of Montreal Can raised its position in Roper Technologies by 31.0% in the 2nd quarter. Bank of Montreal Can now owns 338,887 shares of the industrial products company's stock worth $192,176,000 after purchasing an additional 80,255 shares during the period. Finally, SG Americas Securities LLC lifted its stake in Roper Technologies by 95.1% in the second quarter. SG Americas Securities LLC now owns 161,834 shares of the industrial products company's stock worth $91,219,000 after purchasing an additional 78,870 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ROP shares. Robert W. Baird raised their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Royal Bank of Canada lowered their price objective on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Mizuho raised their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. Jefferies Financial Group upped their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the company a "buy" rating in a report on Friday, August 16th. Finally, Truist Financial reissued a "buy" rating and issued a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $620.80.

Roper Technologies Trading Up 0.4 %

Shares of NYSE ROP traded up $2.09 during midday trading on Friday, hitting $566.44. 365,746 shares of the company traded hands, compared to its average volume of 492,891. Roper Technologies, Inc. has a 12-month low of $508.22 and a 12-month high of $579.10. The firm has a market cap of $60.74 billion, a P/E ratio of 41.44, a P/E/G ratio of 2.95 and a beta of 1.03. The stock has a 50-day moving average price of $553.01 and a 200 day moving average price of $550.14. 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 - Get Free Report) last released its 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 company had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the business posted $4.32 EPS. As a group, analysts expect that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Friday, January 3rd. This is a boost from Roper Technologies's previous quarterly dividend of $0.75. Roper Technologies's dividend payout ratio is 24.14%.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the transaction, the director now owns 32,955 shares of the company's stock, valued at $18,125,250. The trade was a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.87% of the company's stock.

About Roper Technologies

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.