Unigestion Holding SA Sells 4,985 Shares of Roper Technologies, Inc. (NYSE:ROP)

Unigestion Holding SA lowered its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 34.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,648 shares of the industrial products company's stock after selling 4,985 shares during the quarter. Unigestion Holding SA's holdings in Roper Technologies were worth $5,368,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ROP. Wellington Management Group LLP lifted its stake in shares of Roper Technologies by 87.8% during the 3rd quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company's stock valued at $410,977,000 after buying an additional 345,268 shares in the last quarter. Loomis Sayles & Co. L P lifted its position in Roper Technologies by 25.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company's stock valued at $360,811,000 after acquiring an additional 132,913 shares in the last quarter. State Street Corp boosted its position in Roper Technologies by 2.9% in the third quarter. State Street Corp now owns 4,730,427 shares of the industrial products company's stock worth $2,632,199,000 after purchasing an additional 132,575 shares during the last quarter. American Century Companies Inc. increased its holdings in Roper Technologies by 24.4% in the 2nd quarter. American Century Companies Inc. now owns 605,769 shares of the industrial products company's stock worth $341,448,000 after acquiring an additional 118,971 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in Roper Technologies by 37.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 427,943 shares of the industrial products company's stock valued at $238,125,000 after purchasing an additional 116,523 shares during the period. Hedge funds and other institutional investors own 93.31% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ROP shares. Robert W. Baird upped their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Mizuho boosted their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Barclays reiterated an "underweight" rating and issued a $569.00 target price (down from $625.00) on shares of Roper Technologies in a report on Thursday, December 5th. Royal Bank of Canada decreased their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Finally, Jefferies Financial Group raised their price objective on Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a research note on Friday, August 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $615.20.

Roper Technologies Stock Performance

Shares of NYSE ROP traded up $0.92 during trading on Wednesday, reaching $550.39. The stock had a trading volume of 495,707 shares, compared to its average volume of 496,107. Roper Technologies, Inc. has a one year low of $508.22 and a one year high of $580.09. The firm's 50 day moving average price is $554.17 and its two-hundred day moving average price is $551.59. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The stock has a market cap of $59.02 billion, a PE ratio of 40.44, a P/E/G ratio of 2.88 and a beta of 1.02.

Roper Technologies (NYSE:ROP - Get Free Report) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating the consensus estimate of $4.53 by $0.09. The company had revenue of $1.75 billion for the quarter, compared to analysts' expectations of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business's revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.32 EPS. On average, research analysts forecast that Roper Technologies, Inc. will post 18.24 earnings per share 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 paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.60%. The ex-dividend date 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 24.14%.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the transaction, the director now directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

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.