Silvant Capital Management LLC Cuts Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Silvant Capital Management LLC decreased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 9.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,882 shares of the industrial products company's stock after selling 1,020 shares during the quarter. Silvant Capital Management LLC's holdings in Roper Technologies were worth $5,499,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ROP. New Covenant Trust Company N.A. purchased a new stake in shares of Roper Technologies in the first quarter valued at $25,000. Fairscale Capital LLC purchased a new stake in shares of Roper Technologies in the second quarter valued at $28,000. Fortitude Family Office LLC purchased a new position in Roper Technologies in the 3rd quarter worth about $28,000. Versant Capital Management Inc increased its stake in Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company's stock worth $30,000 after buying an additional 20 shares during the period. Finally, Valley Wealth Managers Inc. purchased a new position in Roper Technologies in the 2nd quarter worth about $31,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Insider Activity at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 32,955 shares of the company's stock, valued at $18,125,250. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.87% of the stock is currently owned by insiders.

Roper Technologies Stock Up 0.6 %

Shares of NYSE:ROP traded up $3.18 during trading on Friday, reaching $540.91. The stock had a trading volume of 510,787 shares, compared to its average volume of 458,234. Roper Technologies, Inc. has a one year low of $486.82 and a one year high of $579.10. The company has a market capitalization of $58.00 billion, a P/E ratio of 39.57, a PEG ratio of 2.81 and a beta of 1.03. 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 firm's 50-day simple moving average is $550.81 and its 200 day simple moving average is $545.81.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating 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 business had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.72 billion. During the same period last year, the business earned $4.32 EPS. The company's revenue was up 11.7% compared to the same quarter last year. As a group, research analysts expect that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Tuesday, October 8th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date was Tuesday, October 8th. Roper Technologies's payout ratio is currently 21.95%.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Jefferies Financial Group raised their price target on shares of 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 raised their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Truist Financial reaffirmed a "buy" rating and issued a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Royal Bank of Canada reduced their price target on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Finally, Oppenheimer dropped their target price on shares of Roper Technologies from $650.00 to $630.00 and set an "outperform" rating on the stock in a report on Thursday, July 25th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Roper Technologies has a consensus rating of "Moderate Buy" and an average price target of $620.80.

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.