Geneva Capital Management LLC Trims Position in Roper Technologies, Inc. (NYSE:ROP)

Geneva Capital Management LLC trimmed its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,634 shares of the industrial products company's stock after selling 1,310 shares during the period. Geneva Capital Management LLC's holdings in Roper Technologies were worth $27,062,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in ROP. Vanguard Group Inc. raised its holdings in shares of Roper Technologies by 1.3% during the first quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company's stock valued at $5,648,796,000 after purchasing an additional 125,387 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Roper Technologies by 24.4% during 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 holdings in shares of Roper Technologies by 4.0% during the second 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 during the last quarter. Bank of Montreal Can increased its holdings in Roper Technologies by 31.0% during the second quarter. Bank of Montreal Can now owns 338,887 shares of the industrial products company's stock valued at $192,176,000 after buying an additional 80,255 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in Roper Technologies by 95.1% during the second quarter. SG Americas Securities LLC now owns 161,834 shares of the industrial products company's stock valued at $91,219,000 after buying an additional 78,870 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction on Thursday, October 24th. The shares were 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 owns 32,955 shares in the company, valued at $18,125,250. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have commented on ROP shares. Oppenheimer reduced their target price on shares of Roper Technologies from $650.00 to $630.00 and set an "outperform" rating for the company in a report on Thursday, July 25th. Royal Bank of Canada reduced their target price on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Baird R W raised shares of Roper Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 25th. Truist Financial reaffirmed a "buy" rating and set a $665.00 target price (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Finally, Mizuho increased their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $620.80.

Roper Technologies Price Performance

Shares of NYSE:ROP traded up $7.64 during midday trading on Wednesday, reaching $572.41. 147,262 shares of the company were exchanged, compared to its average volume of 494,618. 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 business's fifty day moving average is $551.93 and its two-hundred day moving average is $547.17. Roper Technologies, Inc. has a one year low of $508.22 and a one year high of $579.10. The stock has a market cap of $61.38 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 2.95 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 for the quarter, topping analysts' consensus estimates of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the business earned $4.32 earnings per share. Roper Technologies's revenue for the quarter was up 11.7% on a year-over-year basis. As a group, analysts predict 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 given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.58%. This is a positive change from Roper Technologies's previous quarterly dividend of $0.75. Roper Technologies's dividend payout ratio (DPR) is 21.95%.

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.