Davis R M Inc. Has $53.49 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

Davis R M Inc. trimmed its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 3.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 96,134 shares of the industrial products company's stock after selling 3,054 shares during the quarter. Davis R M Inc. owned about 0.09% of Roper Technologies worth $53,493,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ROP. Principal Financial Group Inc. grew its position in Roper Technologies by 4.0% during the second quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company's stock worth $1,512,813,000 after buying an additional 102,199 shares during the period. Mackenzie Financial Corp increased its stake in Roper Technologies by 3.1% in the 2nd quarter. Mackenzie Financial Corp now owns 1,119,023 shares of the industrial products company's stock valued at $630,749,000 after purchasing an additional 33,544 shares in the last quarter. Legal & General Group Plc raised its holdings in Roper Technologies by 7.6% during the second quarter. Legal & General Group Plc now owns 914,499 shares of the industrial products company's stock worth $515,467,000 after purchasing an additional 64,565 shares during the last quarter. Mirova US LLC raised its stake in shares of Roper Technologies by 2.1% during the 2nd quarter. Mirova US LLC now owns 700,651 shares of the industrial products company's stock worth $394,929,000 after buying an additional 14,501 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Roper Technologies by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 648,903 shares of the industrial products company's stock valued at $361,076,000 after purchasing an additional 9,653 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Stock Performance

ROP traded down $1.04 on Monday, hitting $559.10. 125,712 shares of the company's stock were exchanged, compared to its average volume of 492,838. 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 stock has a fifty day moving average of $552.43 and a two-hundred day moving average of $549.43. Roper Technologies, Inc. has a twelve month low of $508.22 and a twelve month high of $579.10. The firm has a market cap of $59.95 billion, a PE ratio of 41.20, a P/E/G ratio of 2.93 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating the consensus estimate of $4.53 by $0.09. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. Roper Technologies's revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the business earned $4.32 earnings per share. On average, research 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. Investors of record on Friday, January 3rd will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Friday, January 3rd. This is a positive change from Roper Technologies's previous quarterly dividend of $0.75. Roper Technologies's dividend payout ratio is currently 24.14%.

Insiders Place Their Bets

In related news, Director Richard F. Wallman sold 1,000 shares of the firm's 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 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 SEC, which is accessible through this hyperlink. 0.87% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. 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. Royal Bank of Canada lowered their target price on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. Jefferies Financial Group increased their price target on Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Mizuho raised their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Finally, Robert W. Baird raised their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Three investment 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $620.80.

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.