UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $525.94 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 11.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 945,186 shares of the industrial products company's stock after selling 125,084 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.88% of Roper Technologies worth $525,939,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Fairscale Capital LLC acquired a new stake in Roper Technologies during the second quarter worth about $28,000. Fortitude Family Office LLC acquired a new stake in shares of Roper Technologies during the 3rd quarter worth approximately $28,000. Versant Capital Management Inc lifted its holdings in shares of Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company's stock worth $30,000 after purchasing an additional 20 shares during the last quarter. Valley Wealth Managers Inc. acquired a new position in Roper Technologies during the 2nd quarter valued at approximately $31,000. Finally, Global Wealth Strategies & Associates bought a new position in Roper Technologies during the 3rd quarter worth $37,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ROP shares. Royal Bank of Canada cut their target price on Roper Technologies from $675.00 to $666.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Truist Financial reissued a "buy" rating and set a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Robert W. Baird lifted their price target on Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Jefferies Financial Group boosted their price objective on Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a research report on Friday, August 16th. Finally, Mizuho lifted their target price on Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. 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 data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $620.80.

Roper Technologies Stock Up 0.4 %

ROP stock traded up $2.09 during mid-day trading on Friday, hitting $566.44. The stock had a trading volume of 365,746 shares, compared to its average volume of 492,891. Roper Technologies, Inc. has a 1-year low of $508.22 and a 1-year high of $579.10. The company has a fifty day moving average of $553.18 and a 200 day moving average of $550.45. 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 market capitalization of $60.74 billion, a price-to-earnings ratio of 41.44, a PEG ratio of 2.95 and a beta of 1.03.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating analysts' consensus estimates of $4.53 by $0.09. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $4.32 EPS. On average, equities analysts expect that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be issued 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 is 24.14%.

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.