Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC decreased its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 18.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,042 shares of the industrial products company’s stock after selling 692 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Roper Technologies were worth $1,693,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. ORG Partners LLC lifted its position in shares of Roper Technologies by 764.2% during the second quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock worth $652,000 after purchasing an additional 1,024 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Roper Technologies by 1.0% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 240,633 shares of the industrial products company’s stock worth $136,455,000 after purchasing an additional 2,399 shares during the last quarter. Sei Investments Co. lifted its position in shares of Roper Technologies by 5.6% during the first quarter. Sei Investments Co. now owns 29,414 shares of the industrial products company’s stock worth $16,495,000 after purchasing an additional 1,553 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Roper Technologies by 12.3% during the first quarter. O Shaughnessy Asset Management LLC now owns 9,035 shares of the industrial products company’s stock worth $5,067,000 after purchasing an additional 988 shares during the last quarter. Finally, PGGM Investments lifted its position in shares of Roper Technologies by 739.4% during the second quarter. PGGM Investments now owns 72,596 shares of the industrial products company’s stock worth $40,919,000 after purchasing an additional 63,947 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

ROP opened at $571.20 on Thursday. The business’s 50 day moving average is $551.93 and its 200-day moving average is $547.17. The stock has a market cap of $61.25 billion, a PE ratio of 41.78, a price-to-earnings-growth ratio of 2.95 and a beta of 1.03. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a twelve month low of $508.22 and a twelve month high of $579.10.

Roper Technologies (NYSE:ROP) 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. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the company posted $4.32 earnings per share. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, analysts predict that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. 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 currently 21.95%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ROP. Robert W. Baird increased their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Oppenheimer cut their target price on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Truist Financial reissued a “buy” rating and issued a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Jefferies Financial Group raised 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. Finally, Royal Bank of Canada cut their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Three equities research 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $620.80.

Insider Activity at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 32,955 shares in the company, valued at $18,125,250. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.87% of the company’s stock.

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.