Victory Capital Management Inc. Has $49.54 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Victory Capital Management Inc. decreased its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,030 shares of the industrial products company's stock after selling 1,925 shares during the quarter. Victory Capital Management Inc. owned approximately 0.08% of Roper Technologies worth $49,540,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. New Covenant Trust Company N.A. bought a new position in shares of Roper Technologies during the 1st quarter worth about $25,000. Fairscale Capital LLC bought a new position in Roper Technologies during the second quarter valued at about $28,000. Fortitude Family Office LLC acquired a new position in Roper Technologies in the 3rd quarter valued at approximately $28,000. Versant Capital Management Inc lifted its position 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 acquiring an additional 20 shares during the period. Finally, Valley Wealth Managers Inc. acquired a new stake in shares of Roper Technologies during the 2nd quarter worth approximately $31,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Stock Down 2.9 %

Shares of ROP stock traded down $16.54 on Friday, hitting $548.23. 581,284 shares of the stock were exchanged, compared to its average volume of 496,269. 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 firm has a market capitalization of $58.79 billion, a P/E ratio of 40.10, a price-to-earnings-growth ratio of 2.98 and a beta of 1.03. Roper Technologies, Inc. has a fifty-two week low of $508.22 and a fifty-two week high of $579.10. The business has a 50-day moving average of $552.39 and a 200 day moving average of $547.70.

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 (EPS) for the quarter, beating the consensus estimate of $4.53 by $0.09. The firm had revenue of $1.75 billion for 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 company's revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $4.32 EPS. Equities analysts anticipate that Roper Technologies, Inc. will post 18.24 EPS for the current year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a $0.825 dividend. This is an increase from Roper Technologies's previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a yield of 0.60%. The ex-dividend date is Friday, January 3rd. Roper Technologies's dividend payout ratio (DPR) is 24.14%.

Analyst Ratings Changes

ROP has been the topic of several analyst reports. Jefferies Financial Group upped their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Mizuho lifted their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Baird R W upgraded Roper Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 25th. Royal Bank of Canada cut their price objective on 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, Robert W. Baird increased their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Three 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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.