Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Dixon Mitchell Investment Counsel Inc.

Dixon Mitchell Investment Counsel Inc. trimmed its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 86,284 shares of the industrial products company’s stock after selling 142 shares during the period. Roper Technologies makes up about 2.2% of Dixon Mitchell Investment Counsel Inc.’s portfolio, making the stock its 23rd biggest position. Dixon Mitchell Investment Counsel Inc. owned about 0.08% of Roper Technologies worth $48,012,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. BI Asset Management Fondsmaeglerselskab A S grew its position in Roper Technologies by 497.6% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,329 shares of the industrial products company’s stock worth $5,232,000 after purchasing an additional 7,768 shares during the period. ORG Partners LLC raised its position in Roper Technologies by 764.2% during the second quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock valued at $652,000 after acquiring an additional 1,024 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in shares of Roper Technologies by 1.0% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 240,633 shares of the industrial products company’s stock valued at $136,455,000 after purchasing an additional 2,399 shares during the period. Douglas Lane & Associates LLC boosted its holdings in Roper Technologies by 3.1% during the first quarter. Douglas Lane & Associates LLC now owns 73,007 shares of the industrial products company’s stock worth $40,945,000 after buying an additional 2,189 shares in the last quarter. Finally, Duality Advisers LP grew its position in Roper Technologies by 355.4% during the first quarter. Duality Advisers LP now owns 12,026 shares of the industrial products company’s stock valued at $6,745,000 after buying an additional 9,385 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Truist Financial restated a “buy” rating and set a $660.00 price objective on shares of Roper Technologies in a research report on Tuesday, August 27th. Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $617.00 to $635.00 in a research note on Thursday, July 25th. Royal Bank of Canada increased their price objective on Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a research note on Friday, August 16th. Barclays upped their target price on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Finally, 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 report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and an average target price of $619.50.

Insider Activity

In related news, Director Robert D. Johnson sold 140 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the completion of the transaction, the director now directly owns 5,909 shares of the company’s stock, valued at $3,251,959.06. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.87% of the company’s stock.

Roper Technologies Trading Down 1.1 %

Shares of ROP stock opened at $557.62 on Friday. The company has a 50-day moving average of $549.91 and a two-hundred day moving average of $545.28. The firm has a market cap of $59.78 billion, a PE ratio of 41.31, a price-to-earnings-growth ratio of 2.90 and a beta of 1.02. Roper Technologies, Inc. has a 1-year low of $474.46 and a 1-year high of $579.10. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48.

Roper Technologies (NYSE:ROP) last announced its earnings results on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.46 by $0.02. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.72 billion. On average, analysts predict that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th will be given a $0.75 dividend. The ex-dividend date is Tuesday, October 8th. This represents a $3.00 annualized dividend and a yield of 0.54%. Roper Technologies’s dividend payout ratio is presently 22.22%.

About Roper Technologies

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.