Rockefeller Capital Management L.P. Sells 1,502 Shares of Roper Technologies, Inc. (NYSE:ROP)

Rockefeller Capital Management L.P. decreased its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,468 shares of the industrial products company's stock after selling 1,502 shares during the quarter. Rockefeller Capital Management L.P. owned 0.07% of Roper Technologies worth $41,438,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its position in shares of Roper Technologies by 201.6% during the first quarter. Cetera Investment Advisers now owns 20,340 shares of the industrial products company's stock worth $11,408,000 after purchasing an additional 13,597 shares during the period. Cetera Advisors LLC raised its position in shares of Roper Technologies by 4.7% during the first quarter. Cetera Advisors LLC now owns 5,603 shares of the industrial products company's stock worth $3,142,000 after purchasing an additional 253 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Roper Technologies by 29.6% during the first quarter. EverSource Wealth Advisors LLC now owns 477 shares of the industrial products company's stock worth $244,000 after purchasing an additional 109 shares during the period. HM Payson & Co. raised its position in shares of Roper Technologies by 7.6% during the first quarter. HM Payson & Co. now owns 2,590 shares of the industrial products company's stock worth $1,453,000 after purchasing an additional 182 shares during the period. Finally, Park Place Capital Corp raised its position in shares of Roper Technologies by 97.6% during the second quarter. Park Place Capital Corp now owns 1,138 shares of the industrial products company's stock worth $641,000 after purchasing an additional 562 shares during the period. Institutional investors and hedge funds own 93.31% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ROP shares. Truist Financial reaffirmed a "buy" rating and set a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Robert W. Baird lifted their target price on Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Jefferies Financial Group lifted their target price on Roper Technologies from $625.00 to $635.00 and gave the company a "buy" rating in a research report on Friday, August 16th. Royal Bank of Canada dropped their target price 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. Finally, Mizuho raised 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $620.80.

Roper Technologies Stock Performance

Shares of ROP stock traded up $2.09 during trading on Friday, reaching $566.44. 365,747 shares of the company's stock were exchanged, compared to its average volume of 492,891. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $60.74 billion, a PE ratio of 41.44, a PEG ratio of 2.95 and a beta of 1.03. Roper Technologies, Inc. has a twelve month low of $508.22 and a twelve month high of $579.10. The firm's fifty day moving average price is $553.18 and its 200-day moving average price is $550.45.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data 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. 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 analyst estimates of $1.72 billion. During the same period in the prior year, the firm posted $4.32 EPS. The company's revenue for the quarter was up 11.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Roper Technologies, Inc. will post 18.24 EPS for the current year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. This is a positive change 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 24.14%.

Insider Buying and Selling at Roper Technologies

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 in the company, valued at approximately $18,125,250. This represents a 2.95 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.87% of the company's stock.

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.