Roper Technologies, Inc. (NYSE:ROP) Shares Sold by EULAV Asset Management

EULAV Asset Management decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 16.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,069 shares of the industrial products company's stock after selling 13,500 shares during the period. EULAV Asset Management owned approximately 0.07% of Roper Technologies worth $38,989,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. American Century Companies Inc. raised its position in Roper Technologies by 24.4% in the second quarter. American Century Companies Inc. now owns 605,769 shares of the industrial products company's stock valued at $341,448,000 after purchasing an additional 118,971 shares during the last quarter. Principal Financial Group Inc. raised its position in Roper Technologies by 4.0% in the second quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company's stock worth $1,512,813,000 after acquiring an additional 102,199 shares during the period. Bank of Montreal Can increased its holdings in Roper Technologies by 31.0% during the 2nd quarter. Bank of Montreal Can now owns 338,887 shares of the industrial products company's stock worth $192,176,000 after acquiring an additional 80,255 shares during the period. SG Americas Securities LLC increased its holdings in Roper Technologies by 95.1% during the 2nd quarter. SG Americas Securities LLC now owns 161,834 shares of the industrial products company's stock worth $91,219,000 after acquiring an additional 78,870 shares during the period. Finally, Swedbank AB bought a new stake in Roper Technologies during the 1st quarter worth approximately $43,851,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 1,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 32,955 shares of the company's stock, valued at $18,125,250. This represents a 2.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ROP. Baird R W raised shares of Roper Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 25th. Robert W. Baird upped their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Jefferies Financial Group upped their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the company a "buy" rating in a research note on Friday, August 16th. Oppenheimer cut their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an "outperform" rating for the company in a research note on Thursday, July 25th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Roper Technologies has a consensus rating of "Moderate Buy" and an average target price of $620.80.

Roper Technologies Price Performance

Shares of ROP stock traded up $1.49 on Wednesday, reaching $549.45. The company's stock had a trading volume of 355,629 shares, compared to its average volume of 495,354. The stock's fifty day simple moving average is $552.22 and its 200-day simple moving average is $548.68. Roper Technologies, Inc. has a 1 year low of $508.22 and a 1 year high of $579.10. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $58.92 billion, a price-to-earnings ratio of 40.08, a price-to-earnings-growth ratio of 2.86 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.53 by $0.09. The firm had revenue of $1.75 billion during 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 business's revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned $4.32 earnings per share. Analysts forecast that Roper Technologies, Inc. will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a $0.825 dividend. The ex-dividend date is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. This is a positive change from Roper Technologies's previous quarterly dividend of $0.75. 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.