Barclays PLC Sells 37,588 Shares of Roper Technologies, Inc. (NYSE:ROP)

Barclays PLC trimmed its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 760,797 shares of the industrial products company's stock after selling 37,588 shares during the quarter. Barclays PLC owned approximately 0.71% of Roper Technologies worth $423,338,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ROP. Fairscale Capital LLC purchased a new stake in Roper Technologies in the 2nd quarter worth approximately $28,000. Fortitude Family Office LLC bought a new stake in Roper Technologies during the third quarter valued at $28,000. Valley Wealth Managers Inc. purchased a new position in Roper Technologies during the second quarter worth about $31,000. Global Wealth Strategies & Associates bought a new position in Roper Technologies in the 3rd quarter worth about $37,000. Finally, Kimelman & Baird LLC purchased a new stake in shares of Roper Technologies in the 2nd quarter valued at about $42,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Down 0.5 %

Shares of NYSE ROP traded down $2.78 on Monday, reaching $548.42. 528,346 shares of the company's stock traded hands, compared to its average volume of 495,722. 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 business's 50 day simple moving average is $554.30 and its two-hundred day simple moving average is $551.53. Roper Technologies, Inc. has a 12 month low of $508.22 and a 12 month high of $580.09. The company has a market cap of $58.81 billion, a price-to-earnings ratio of 30.83, a price-to-earnings-growth ratio of 2.88 and a beta of 1.02.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (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 business had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.72 billion. During the same quarter in the previous year, the business earned $4.32 earnings per share. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. As a group, equities research analysts forecast that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal 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 paid a dividend of $0.825 per share. This is a positive change from Roper Technologies's previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Friday, January 3rd. Roper Technologies's dividend payout ratio (DPR) is currently 21.95%.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the sale, the director now owns 32,955 shares of the company's stock, valued at approximately $18,125,250. This trade represents a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.87% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Royal Bank of Canada decreased their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Jefferies Financial Group upped their target price on Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Barclays restated an "underweight" rating and issued a $569.00 price objective (down from $625.00) on shares of Roper Technologies in a report on Thursday. Robert W. Baird raised their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Finally, Truist Financial reissued a "buy" rating and issued a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $615.20.

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.