Roper Technologies, Inc. (NYSE:ROP) Stock Position Lifted by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 286,552 shares of the industrial products company's stock after purchasing an additional 5,571 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.27% of Roper Technologies worth $159,449,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Partners LLC lifted its holdings in Roper Technologies by 764.2% in the 2nd quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company's stock valued at $652,000 after purchasing an additional 1,024 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in Roper Technologies by 1.0% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 240,633 shares of the industrial products company's stock worth $136,455,000 after acquiring an additional 2,399 shares during the last quarter. Sei Investments Co. grew its stake in Roper Technologies by 5.6% during the 1st quarter. Sei Investments Co. now owns 29,414 shares of the industrial products company's stock valued at $16,495,000 after acquiring an additional 1,553 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Roper Technologies by 12.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 9,035 shares of the industrial products company's stock valued at $5,067,000 after acquiring an additional 988 shares during the last quarter. Finally, PGGM Investments lifted its stake in Roper Technologies by 739.4% in the 2nd quarter. PGGM Investments now owns 72,596 shares of the industrial products company's stock worth $40,919,000 after purchasing an additional 63,947 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Performance

Shares of ROP stock traded up $6.43 during trading hours on Wednesday, hitting $571.20. The stock had a trading volume of 371,425 shares, compared to its average volume of 495,640. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The firm has a market capitalization of $61.25 billion, a PE ratio of 31.59, a PEG ratio of 2.95 and a beta of 1.03. The stock's 50 day moving average is $551.93 and its 200 day moving average is $547.17. Roper Technologies, Inc. has a twelve month low of $508.22 and a twelve month high of $579.10.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping analysts' consensus estimates of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm had revenue of $1.75 billion during the quarter, compared to analysts' expectations of $1.72 billion. During the same quarter in the prior year, the business earned $4.32 EPS. Roper Technologies's quarterly revenue was up 11.7% compared to the same quarter last year. As a group, research analysts forecast that Roper Technologies, Inc. will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. This is a boost from Roper Technologies's previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 3rd. Roper Technologies's dividend payout ratio (DPR) is presently 21.95%.

Analysts Set New Price Targets

ROP has been the subject of several recent analyst reports. Truist Financial restated a "buy" rating and set a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Baird R W upgraded shares of Roper Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 25th. Jefferies Financial Group boosted their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. Mizuho lifted 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. Finally, 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. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Roper Technologies currently has an average rating of "Moderate Buy" and an average price target of $620.80.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the business's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the sale, the director now owns 32,955 shares of the company's stock, valued at approximately $18,125,250. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.87% of the company's stock.

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.