Everence Capital Management Inc. trimmed its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 20.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,400 shares of the industrial products company's stock after selling 1,100 shares during the quarter. Everence Capital Management Inc.'s holdings in Roper Technologies were worth $2,287,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the company. PNC Financial Services Group Inc. grew its position in Roper Technologies by 5.4% during the third quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company's stock valued at $19,282,000 after purchasing an additional 1,789 shares in the last quarter. Synovus Financial Corp increased its stake in shares of Roper Technologies by 19.6% during the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company's stock worth $3,265,000 after purchasing an additional 961 shares during the last quarter. Citigroup Inc. raised its holdings in Roper Technologies by 17.6% during the third quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company's stock valued at $106,050,000 after buying an additional 28,555 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its holdings in Roper Technologies by 52.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 4,938 shares of the industrial products company's stock worth $2,747,000 after purchasing an additional 1,699 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in shares of Roper Technologies by 3.7% in the third quarter. CIBC Asset Management Inc now owns 49,221 shares of the industrial products company's stock worth $27,382,000 after buying an additional 1,775 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.
Analyst Ratings Changes
Several research firms have recently weighed in on ROP. Oppenheimer assumed coverage on Roper Technologies in a research report on Monday, December 23rd. They issued an "outperform" rating and a $630.00 price objective for the company. Barclays reissued an "underweight" rating and issued a $569.00 target price (down previously from $625.00) on shares of Roper Technologies in a research note on Thursday, December 5th. Robert W. Baird raised their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Truist Financial restated a "buy" rating and set a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Finally, Mizuho increased their price objective on Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Roper Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $615.20.
View Our Latest Research Report on ROP
Insider Activity
In related 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 sale, the director now owns 32,955 shares of the company's stock, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.87% of the stock is owned by corporate insiders.
Roper Technologies Stock Up 0.2 %
Shares of NYSE:ROP traded up $0.85 during midday trading on Friday, reaching $514.64. 478,675 shares of the company were exchanged, compared to its average volume of 566,037. The firm has a market cap of $55.18 billion, a PE ratio of 37.65, a P/E/G ratio of 2.84 and a beta of 1.04. Roper Technologies, Inc. has a fifty-two week low of $508.22 and a fifty-two week high of $580.09. The stock has a fifty day simple moving average of $547.20 and a two-hundred day simple moving average of $549.73. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41.
Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.53 by $0.09. The firm had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company's revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $4.32 EPS. As a group, sell-side analysts forecast that Roper Technologies, Inc. will post 18.26 earnings per share for the current year.
Roper Technologies Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be paid a dividend of $0.825 per share. This is a boost from Roper Technologies's previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Friday, January 3rd. Roper Technologies's dividend payout ratio (DPR) is currently 24.14%.
About Roper Technologies
(
Free Report)
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.
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