Roper Technologies, Inc. (NYSE:ROP) Holdings Lowered by Villere ST Denis J & Co. LLC

Villere ST Denis J & Co. LLC lessened its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 67,892 shares of the industrial products company's stock after selling 1,339 shares during the period. Roper Technologies makes up about 3.1% of Villere ST Denis J & Co. LLC's investment portfolio, making the stock its 8th largest position. Villere ST Denis J & Co. LLC owned about 0.06% of Roper Technologies worth $37,778,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ROP. Vanguard Group Inc. increased its position 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 valued at $5,648,796,000 after purchasing an additional 125,387 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Roper Technologies by 24.4% in the second quarter. American Century Companies Inc. now owns 605,769 shares of the industrial products company's stock valued at $341,448,000 after acquiring an additional 118,971 shares during the period. Principal Financial Group Inc. lifted its holdings 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 worth $1,512,813,000 after acquiring an additional 102,199 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Roper Technologies by 31.0% during the 2nd quarter. Bank of Montreal Can now owns 338,887 shares of the industrial products company's stock worth $192,176,000 after purchasing an additional 80,255 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Roper Technologies by 95.1% during the 2nd quarter. SG Americas Securities LLC now owns 161,834 shares of the industrial products company's stock valued at $91,219,000 after purchasing an additional 78,870 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Down 0.8 %

NYSE:ROP traded down $4.64 during mid-day trading on Friday, hitting $567.62. 391,881 shares of the company's stock traded hands, compared to its average volume of 496,471. 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 company has a market capitalization of $60.87 billion, a P/E ratio of 41.52, a P/E/G ratio of 2.95 and a beta of 1.03. The company has a fifty day moving average of $551.46 and a 200 day moving average of $546.62. Roper Technologies, Inc. has a twelve month low of $508.07 and a twelve month high of $579.10.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate 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 for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.32 earnings per share. On average, analysts forecast 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 given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. This is an increase 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 presently 24.14%.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the sale, the director now owns 32,955 shares of the company's stock, valued at $18,125,250. The trade was a 0.00 % 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 company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Baird R W upgraded Roper Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 25th. Truist Financial reiterated a "buy" rating and set a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Oppenheimer lowered their target price on shares of Roper Technologies from $650.00 to $630.00 and set an "outperform" rating for the company in a research note on Thursday, July 25th. Robert W. Baird lifted their price objective 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. Finally, Mizuho boosted their price target on Roper Technologies from $530.00 to $565.00 and gave the company a "neutral" rating in a report on Thursday, October 17th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Roper Technologies has an average rating of "Moderate Buy" and a consensus 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.