STF Management LP Sells 157 Shares of Roper Technologies, Inc. (NYSE:ROP)

STF Management LP cut its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 9.2% during the third quarter, Holdings Channel reports. The fund owned 1,543 shares of the industrial products company’s stock after selling 157 shares during the quarter. STF Management LP’s holdings in Roper Technologies were worth $859,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ROP. New Covenant Trust Company N.A. acquired a new stake in Roper Technologies during the first quarter worth approximately $25,000. Fairscale Capital LLC acquired a new stake in Roper Technologies during the 2nd quarter worth approximately $28,000. Fortitude Family Office LLC bought a new stake in Roper Technologies in the 3rd quarter valued at $28,000. Versant Capital Management Inc increased its position in Roper Technologies by 58.8% during the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after buying an additional 20 shares during the period. Finally, Valley Wealth Managers Inc. acquired a new stake in shares of Roper Technologies during the second quarter worth $31,000. Institutional investors own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ROP shares. Mizuho upped their price target 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 shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Truist Financial reissued a “buy” rating and set a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Royal Bank of Canada dropped their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, Oppenheimer decreased their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Three 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $620.80.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the company’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 value of $550,000.00. Following the completion of the transaction, the director now directly owns 32,955 shares in the company, valued at approximately $18,125,250. This represents a 2.95 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

NYSE:ROP opened at $553.82 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $59.39 billion, a PE ratio of 40.51, a price-to-earnings-growth ratio of 2.86 and a beta of 1.03. Roper Technologies, Inc. has a twelve month low of $508.22 and a twelve month high of $579.10. The stock’s 50-day simple moving average is $552.26 and its 200 day simple moving average is $548.72.

Roper Technologies (NYSE:ROP) last announced 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. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period in the previous year, the firm posted $4.32 EPS. The firm’s revenue was up 11.7% on a year-over-year basis. On average, analysts anticipate that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s payout ratio is currently 21.95%.

Roper Technologies 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.