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

iA Global Asset Management Inc. trimmed its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 94.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,927 shares of the industrial products company's stock after selling 179,003 shares during the quarter. iA Global Asset Management Inc.'s holdings in Roper Technologies were worth $6,080,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ROP. OLD National Bancorp IN increased its position in Roper Technologies by 13.4% during the 2nd quarter. OLD National Bancorp IN now owns 440 shares of the industrial products company's stock valued at $248,000 after buying an additional 52 shares in the last quarter. MJP Associates Inc. ADV increased its holdings in shares of Roper Technologies by 4.9% in the second quarter. MJP Associates Inc. ADV now owns 490 shares of the industrial products company's stock valued at $276,000 after purchasing an additional 23 shares during the period. Czech National Bank increased its holdings in shares of Roper Technologies by 8.5% in the second quarter. Czech National Bank now owns 20,398 shares of the industrial products company's stock valued at $11,498,000 after purchasing an additional 1,603 shares during the period. Strong Tower Advisory Services increased its holdings in Roper Technologies by 29.5% in the 2nd quarter. Strong Tower Advisory Services now owns 3,426 shares of the industrial products company's stock worth $1,931,000 after buying an additional 781 shares during the period. Finally, Sequoia Financial Advisors LLC raised its position in Roper Technologies by 12.2% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,465 shares of the industrial products company's stock worth $2,517,000 after buying an additional 485 shares during the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Richard F. Wallman sold 1,000 shares of the business's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the transaction, the director now directly owns 32,955 shares in the company, valued at $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.87% of the company's stock.

Roper Technologies Stock Down 1.2 %

Shares of Roper Technologies stock traded down $6.70 during trading on Friday, hitting $551.20. 544,767 shares of the stock were exchanged, compared to its average volume of 444,706. The stock has a market cap of $59.10 billion, a price-to-earnings ratio of 40.32, a price-to-earnings-growth ratio of 3.01 and a beta of 1.02. The firm's 50-day moving average price is $554.30 and its 200 day moving average price is $551.53. Roper Technologies, Inc. has a 12-month low of $508.22 and a 12-month high of $580.09. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The business had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.72 billion. During the same period in the previous year, the company earned $4.32 EPS. The company's revenue for the quarter was up 11.7% on a year-over-year basis. As a group, analysts forecast that Roper Technologies, Inc. will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently declared 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 is a boost from Roper Technologies's previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. Roper Technologies's payout ratio is 24.14%.

Analysts Set New Price Targets

A number of research firms recently issued reports on ROP. Jefferies Financial Group boosted their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the company a "buy" rating in a research report on Friday, August 16th. Truist Financial restated a "buy" rating and set a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Mizuho raised their target price on Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th. Robert W. Baird raised their price target 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. Finally, Barclays reaffirmed an "underweight" rating and issued a $569.00 price target (down from $625.00) on shares of Roper Technologies in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $615.20.

Roper Technologies Company 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.