Roper Technologies, Inc. (NYSE:ROP) Stake Cut by Natixis Advisors LLC

Natixis Advisors LLC lowered its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 48.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,424 shares of the industrial products company's stock after selling 65,829 shares during the period. Natixis Advisors LLC owned approximately 0.07% of Roper Technologies worth $39,187,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Partners LLC increased its stake in shares of Roper Technologies by 764.2% in the second quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company's stock worth $652,000 after buying an additional 1,024 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in shares of Roper Technologies by 1.0% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 240,633 shares of the industrial products company's stock worth $136,455,000 after buying an additional 2,399 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in Roper Technologies by 12.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 9,035 shares of the industrial products company's stock valued at $5,067,000 after purchasing an additional 988 shares during the last quarter. PGGM Investments increased its stake in Roper Technologies by 739.4% during the second quarter. PGGM Investments now owns 72,596 shares of the industrial products company's stock valued at $40,919,000 after purchasing an additional 63,947 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in Roper Technologies by 201.6% during the first quarter. Cetera Investment Advisers now owns 20,340 shares of the industrial products company's stock valued at $11,408,000 after purchasing an additional 13,597 shares during the last quarter. Institutional investors own 93.31% of the company's stock.

Insider Activity

In other news, Director Richard F. Wallman sold 1,000 shares of the company's stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.87% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ROP has been the subject of several recent research reports. Robert W. Baird boosted their target price 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. Truist Financial reaffirmed a "buy" rating and set a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Oppenheimer decreased their price target on Roper Technologies from $650.00 to $630.00 and set an "outperform" rating for the company in a research note on Thursday, July 25th. Mizuho lifted their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Finally, Baird R W raised shares of Roper Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 25th. Three 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $620.80.

Roper Technologies Price Performance

Shares of ROP traded up $1.14 during mid-day trading on Monday, hitting $549.37. The company's stock had a trading volume of 566,015 shares, compared to its average volume of 496,582. 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 firm has a 50-day moving average price of $552.39 and a 200 day moving average price of $548.19. Roper Technologies, Inc. has a fifty-two week low of $508.22 and a fifty-two week high of $579.10. The stock has a market capitalization of $58.91 billion, a price-to-earnings ratio of 40.10, a PEG ratio of 2.86 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the business posted $4.32 earnings per share. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. On average, research analysts predict that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The business 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 dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.60%. This is an increase from Roper Technologies's previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. Roper Technologies's dividend payout ratio is currently 21.95%.

Roper Technologies 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.