Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Janus Henderson Group PLC

Janus Henderson Group PLC raised its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 115,944 shares of the industrial products company's stock after acquiring an additional 1,375 shares during the period. Janus Henderson Group PLC owned approximately 0.11% of Roper Technologies worth $64,515,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P boosted its position in shares of Roper Technologies by 25.8% in the third quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company's stock worth $360,811,000 after buying an additional 132,913 shares during the period. American Century Companies Inc. boosted its holdings in Roper Technologies by 24.4% in the 2nd quarter. American Century Companies Inc. now owns 605,769 shares of the industrial products company's stock worth $341,448,000 after acquiring an additional 118,971 shares during the period. Caisse DE Depot ET Placement DU Quebec grew its position in Roper Technologies by 37.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 427,943 shares of the industrial products company's stock valued at $238,125,000 after acquiring an additional 116,523 shares in the last quarter. Principal Financial Group Inc. grew 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 valued at $1,512,813,000 after acquiring an additional 102,199 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of 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 purchasing an additional 80,255 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Performance

ROP stock traded down $6.70 on Friday, reaching $551.20. The company's stock had a trading volume of 544,764 shares, compared to its average volume of 495,584. The firm has a fifty day moving average of $554.36 and a two-hundred day moving average of $551.40. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The company has a market capitalization of $59.11 billion, a P/E ratio of 40.32, a price-to-earnings-growth ratio of 2.96 and a beta of 1.02. Roper Technologies, Inc. has a 52 week low of $508.22 and a 52 week high of $580.09.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating analysts' consensus estimates of $4.53 by $0.09. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company's quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the company earned $4.32 earnings per share. As a group, analysts predict that Roper Technologies, Inc. will post 18.24 EPS 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 issued a dividend of $0.825 per share. This is a boost from Roper Technologies's previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.60%. Roper Technologies's payout ratio is presently 21.95%.

Insiders Place Their Bets

In other Roper Technologies 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 value of $550,000.00. Following the sale, the director now directly owns 32,955 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. 0.87% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ROP has been the subject of a number of recent analyst reports. Royal Bank of Canada lowered their price target 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. Mizuho raised their target price on Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Robert W. Baird boosted their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Barclays reissued an "underweight" rating and issued a $569.00 price target (down previously from $625.00) on shares of Roper Technologies in a report on Thursday. Finally, Jefferies Financial Group lifted their price objective on Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Roper Technologies currently has an average rating of "Moderate Buy" and an average target price of $615.20.

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.