Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Saturna Capital Corp

Saturna Capital Corp lessened its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 60.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,328 shares of the industrial products company's stock after selling 2,072 shares during the period. Saturna Capital Corp's holdings in Roper Technologies were worth $739,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ROP. Vanguard Group Inc. raised its stake in shares of Roper Technologies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company's stock worth $5,648,796,000 after buying an additional 125,387 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Roper Technologies by 4.0% in the 2nd quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company's stock valued at $1,512,813,000 after purchasing an additional 102,199 shares in the last quarter. Mackenzie Financial Corp grew its holdings in shares of Roper Technologies by 3.1% during the 2nd quarter. Mackenzie Financial Corp now owns 1,119,023 shares of the industrial products company's stock worth $630,749,000 after purchasing an additional 33,544 shares during the period. Legal & General Group Plc increased its position in Roper Technologies by 7.6% during the 2nd 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 in the last quarter. Finally, Mirova US LLC raised its holdings in Roper Technologies by 2.1% in the second quarter. Mirova US LLC now owns 700,651 shares of the industrial products company's stock valued at $394,929,000 after buying an additional 14,501 shares during the period. Institutional investors and hedge funds own 93.31% of the company's stock.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the firm's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the transaction, the director now owns 32,955 shares of the company's stock, valued at $18,125,250. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.87% of the stock is owned by corporate insiders.

Roper Technologies Stock Up 1.1 %

Shares of Roper Technologies stock traded up $6.43 on Wednesday, hitting $571.20. 371,425 shares of the company's stock traded hands, compared to its average volume of 495,640. Roper Technologies, Inc. has a 52-week low of $508.22 and a 52-week 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. The stock has a market cap of $61.25 billion, a P/E ratio of 31.59, a PEG ratio of 2.95 and a beta of 1.03. The firm's 50-day moving average is $551.93 and its 200 day moving average is $547.17.

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 for the quarter, topping the consensus estimate 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 net margin of 21.78% and a return on equity of 10.73%. The firm's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period last year, the business earned $4.32 EPS. Equities analysts anticipate that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Increases Dividend

The company also recently declared 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 is a positive change from Roper Technologies's previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, January 3rd. Roper Technologies's dividend payout ratio is currently 21.95%.

Wall Street Analyst Weigh In

ROP has been the subject of several recent research reports. Jefferies Financial Group increased their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. Baird R W upgraded Roper Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 25th. Truist Financial reiterated 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. Oppenheimer reduced their price target on Roper Technologies from $650.00 to $630.00 and set an "outperform" rating on the stock in a research report on Thursday, July 25th. Finally, Robert W. Baird upped their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target 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.