Roper Technologies, Inc. (NYSE:ROP) Stock Holdings Lifted by Eventide Asset Management LLC

Eventide Asset Management LLC increased its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 3.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 260,445 shares of the industrial products company's stock after acquiring an additional 9,887 shares during the quarter. Roper Technologies makes up approximately 2.5% of Eventide Asset Management LLC's holdings, making the stock its 4th biggest holding. Eventide Asset Management LLC owned approximately 0.24% of Roper Technologies worth $144,922,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Loomis Sayles & Co. L P grew its stake in Roper Technologies by 25.8% during 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 position in Roper Technologies by 24.4% during the 2nd quarter. American Century Companies Inc. now owns 605,769 shares of the industrial products company's stock worth $341,448,000 after purchasing an additional 118,971 shares during the period. Principal Financial Group Inc. increased its holdings in Roper Technologies by 4.0% in the 2nd 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 purchasing an additional 102,199 shares in the last quarter. Bank of Montreal Can lifted 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 worth $192,176,000 after purchasing an additional 80,255 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Roper Technologies by 95.1% in the second quarter. SG Americas Securities LLC now owns 161,834 shares of the industrial products company's stock worth $91,219,000 after buying an additional 78,870 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Richard F. Wallman sold 1,000 shares of the firm's stock in a transaction dated 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 transaction, the director now owns 32,955 shares of the company's stock, valued at $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.87% of the stock is owned by insiders.

Roper Technologies Stock Performance

Shares of NYSE:ROP traded up $2.09 during trading hours on Friday, hitting $566.44. The stock had a trading volume of 365,747 shares, compared to its average volume of 492,891. The stock's fifty day simple moving average is $553.18 and its 200 day simple moving average is $550.66. The firm has a market capitalization of $60.74 billion, a price-to-earnings ratio of 41.44, a PEG ratio of 2.95 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. Roper Technologies, Inc. has a 1-year low of $508.22 and a 1-year high of $579.10.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.53 by $0.09. The company had revenue of $1.75 billion during 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 firm's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.32 EPS. Sell-side analysts anticipate that Roper Technologies, Inc. will post 18.24 earnings per share 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. Shareholders of record on Friday, January 3rd will be paid 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 0.58%. Roper Technologies's dividend payout ratio (DPR) is presently 24.14%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ROP. Robert W. Baird lifted their price objective 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. Mizuho boosted their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a report on Thursday, October 17th. 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 note on Thursday, October 24th. 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, Jefferies Financial Group increased their price target on Roper Technologies from $625.00 to $635.00 and gave the company a "buy" rating in a report on Friday, August 16th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $620.80.

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.