Mount Lucas Management LP Decreases Holdings in Roper Technologies, Inc. (NYSE:ROP)

Mount Lucas Management LP trimmed its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 43.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,628 shares of the industrial products company's stock after selling 1,993 shares during the period. Mount Lucas Management LP's holdings in Roper Technologies were worth $1,462,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ROP. American Century Companies Inc. lifted its position in shares of 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 valued at $341,448,000 after acquiring an additional 118,971 shares during the period. Principal Financial Group Inc. increased its holdings 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 last quarter. Bank of Montreal Can lifted its stake in Roper Technologies by 31.0% in the second quarter. Bank of Montreal Can now owns 338,887 shares of the industrial products company's stock valued at $192,176,000 after purchasing an additional 80,255 shares during the last quarter. SG Americas Securities LLC increased its holdings in Roper Technologies by 95.1% in the 2nd quarter. SG Americas Securities LLC now owns 161,834 shares of the industrial products company's stock worth $91,219,000 after acquiring an additional 78,870 shares during the last quarter. Finally, Swedbank AB bought a new stake in shares of Roper Technologies in the first quarter valued at approximately $43,851,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the company's stock in a transaction 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 transaction, the director now directly owns 32,955 shares in the company, valued at $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.87% of the company's stock.

Roper Technologies Stock Down 2.9 %

Shares of NYSE ROP traded down $16.54 during midday trading on Friday, reaching $548.23. 581,284 shares of the company's stock traded hands, compared to its average volume of 481,814. The company has a market cap of $58.79 billion, a price-to-earnings ratio of 40.10, a P/E/G ratio of 2.86 and a beta of 1.03. The stock's 50 day simple moving average is $552.39 and its 200-day simple moving average is $547.96. Roper Technologies, Inc. has a one year low of $508.22 and a one year high of $579.10. 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 (NYSE:ROP - Get Free Report) last issued its 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 last year, the business posted $4.32 EPS. On average, analysts predict that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.825 per share. This is a positive change 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 dividend on an annualized basis and a dividend yield of 0.60%. Roper Technologies's dividend payout ratio is presently 21.95%.

Analyst Ratings Changes

ROP has been the subject of several recent analyst reports. Baird R W raised Roper Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 25th. Oppenheimer cut their price target on shares of Roper Technologies from $650.00 to $630.00 and set an "outperform" rating on the stock in a report on Thursday, July 25th. 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. Royal Bank of Canada reduced their target price on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Finally, Mizuho increased their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Roper Technologies presently has an average rating of "Moderate Buy" and an average 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.