Hantz Financial Services Inc. Sells 3,566 Shares of Roper Technologies, Inc. (NYSE:ROP)

Hantz Financial Services Inc. decreased its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 63.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,019 shares of the industrial products company's stock after selling 3,566 shares during the period. Hantz Financial Services Inc.'s holdings in Roper Technologies were worth $1,123,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in shares of Roper Technologies by 4.0% during 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 buying an additional 102,199 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of Roper Technologies by 3.1% in the second quarter. Mackenzie Financial Corp now owns 1,119,023 shares of the industrial products company's stock valued at $630,749,000 after purchasing an additional 33,544 shares in the last quarter. Legal & General Group Plc boosted its stake in Roper Technologies by 7.6% during the second quarter. Legal & General Group Plc now owns 914,499 shares of the industrial products company's stock worth $515,467,000 after buying an additional 64,565 shares during the period. Mirova US LLC boosted its stake in shares of Roper Technologies by 2.1% during the second quarter. Mirova US LLC now owns 700,651 shares of the industrial products company's stock valued at $394,929,000 after purchasing an additional 14,501 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Roper Technologies by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 648,903 shares of the industrial products company's stock valued at $361,076,000 after acquiring an additional 9,653 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Trading Up 0.4 %

Roper Technologies stock traded up $2.19 during trading on Monday, hitting $568.63. The company's stock had a trading volume of 595,910 shares, compared to its average volume of 493,335. The stock's fifty day moving average is $553.18 and its 200 day moving average is $550.80. Roper Technologies, Inc. has a 1-year low of $508.22 and a 1-year high of $579.10. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The stock has a market capitalization of $60.97 billion, a price-to-earnings ratio of 41.60, a P/E/G ratio of 2.96 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings data 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. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The firm had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.72 billion. During the same quarter in the prior year, the firm posted $4.32 earnings per share. Roper Technologies's revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, equities research analysts predict that Roper Technologies, Inc. will post 18.24 EPS for the current year.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a $0.825 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a dividend 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 is presently 21.95%.

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 value of $550,000.00. Following the completion of the sale, 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 document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.87% of the company's stock.

Wall Street Analyst Weigh In

ROP has been the topic of a number of research analyst reports. Jefferies Financial Group boosted their price target on Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Robert W. Baird increased their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Royal Bank of Canada reduced their price target on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Truist Financial reiterated a "buy" rating and issued a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Finally, Mizuho lifted their price target on Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $620.80.

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.