Atria Investments Inc Cuts Holdings in Roper Technologies, Inc. (NYSE:ROP)

Atria Investments Inc cut its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 17.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,734 shares of the industrial products company's stock after selling 2,036 shares during the period. Atria Investments Inc's holdings in Roper Technologies were worth $5,416,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ROP. Ledyard National Bank grew its stake in Roper Technologies by 2.1% during the third quarter. Ledyard National Bank now owns 896 shares of the industrial products company's stock valued at $499,000 after acquiring an additional 18 shares in the last quarter. Western Financial Corp CA boosted its holdings in shares of Roper Technologies by 1.1% in the 2nd quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company's stock valued at $973,000 after acquiring an additional 19 shares during the last quarter. AMG National Trust Bank grew its holdings in shares of Roper Technologies by 5.1% during the second quarter. AMG National Trust Bank now owns 391 shares of the industrial products company's stock worth $220,000 after buying an additional 19 shares in the last quarter. Covestor Ltd lifted its position in shares of Roper Technologies by 50.0% during the first quarter. Covestor Ltd now owns 60 shares of the industrial products company's stock worth $34,000 after purchasing an additional 20 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company's stock valued at $30,000 after acquiring an additional 20 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 1,000 shares of the business's stock in a transaction that occurred 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 sale, the director now directly owns 32,955 shares in the company, valued at approximately $18,125,250. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.87% of the stock is owned by company insiders.

Roper Technologies Stock Performance

Shares of ROP stock traded down $0.37 during mid-day trading on Tuesday, hitting $564.77. The stock had a trading volume of 534,141 shares, compared to its average volume of 496,204. The firm has a market cap of $60.56 billion, a PE ratio of 41.34, a PEG ratio of 2.96 and a beta of 1.03. Roper Technologies, Inc. has a fifty-two week low of $508.22 and a fifty-two week high of $579.10. 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's 50-day simple moving average is $551.68 and its 200-day simple moving average is $546.91.

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, topping 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 during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the company earned $4.32 earnings per share. The business's quarterly revenue was up 11.7% compared to the same quarter last year. Sell-side analysts anticipate that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a $0.825 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This is a boost from Roper Technologies's previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 0.58%. Roper Technologies's payout ratio is 24.14%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ROP. Jefferies Financial Group increased their target price on Roper Technologies from $625.00 to $635.00 and gave the company a "buy" rating in a research note on Friday, August 16th. Truist Financial restated a "buy" rating and set a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Royal Bank of Canada cut their price objective on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Baird R W upgraded Roper Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 25th. Finally, Robert W. Baird upped their target price on Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies has an average rating of "Moderate Buy" and a consensus target price 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.