Martingale Asset Management L P Has $27.25 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

Martingale Asset Management L P reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 14.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,978 shares of the industrial products company's stock after selling 8,279 shares during the quarter. Martingale Asset Management L P's holdings in Roper Technologies were worth $27,253,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Atria Investments Inc boosted its holdings in shares of Roper Technologies by 1.8% in the first quarter. Atria Investments Inc now owns 12,218 shares of the industrial products company's stock valued at $6,853,000 after acquiring an additional 211 shares in the last quarter. Cetera Investment Advisers boosted its stake in Roper Technologies by 201.6% during the first quarter. Cetera Investment Advisers now owns 20,340 shares of the industrial products company's stock valued at $11,408,000 after buying an additional 13,597 shares in the last quarter. Cetera Advisors LLC lifted its holdings in Roper Technologies by 4.7% in the 1st quarter. Cetera Advisors LLC now owns 5,603 shares of the industrial products company's stock valued at $3,142,000 after acquiring an additional 253 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Roper Technologies by 14.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 181,049 shares of the industrial products company's stock valued at $100,249,000 after purchasing an additional 22,859 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Roper Technologies by 29.6% in the 1st 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 last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the business's stock in a transaction dated 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 $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.87% of the company's stock.

Roper Technologies Stock Up 0.4 %

Shares of NYSE:ROP traded up $2.09 during trading on Friday, reaching $566.44. 309,671 shares of the company traded hands, compared to its average volume of 492,648. The firm has a fifty day simple moving average of $553.01 and a 200 day simple moving average of $550.14. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a 1-year low of $508.22 and a 1-year high of $579.10. The firm has a market cap of $60.74 billion, a P/E ratio of 41.28, a price-to-earnings-growth ratio of 2.95 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its earnings results 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 the consensus estimate of $1.72 billion. During the same quarter in the previous year, the company posted $4.32 earnings per share. The business's quarterly revenue was up 11.7% compared to the same quarter last year. Analysts anticipate that Roper Technologies, Inc. will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.58%. 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 (DPR) is presently 21.95%.

Analysts Set New Price Targets

A number of analysts recently weighed in on ROP shares. Truist Financial restated a "buy" rating and set a $665.00 target price (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Jefferies Financial Group lifted their target price on Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Mizuho upped their target price on Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Robert W. Baird increased their price target on Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada cut their price objective on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock 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 stock. According to MarketBeat.com, the company currently 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.