Nuveen Asset Management LLC Has $513.06 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Nuveen Asset Management LLC lowered its position in Roper Technologies, Inc. (NYSE:ROP) by 10.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 986,938 shares of the industrial products company’s stock after selling 114,706 shares during the period. Nuveen Asset Management LLC owned 0.92% of Roper Technologies worth $513,060,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Manchester Capital Management LLC increased its holdings in Roper Technologies by 1.6% in the fourth quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company’s stock worth $592,000 after buying an additional 18 shares during the last quarter. Oxford Financial Group LTD. LLC increased its holdings in Roper Technologies by 3.1% in the fourth quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company’s stock worth $309,000 after buying an additional 18 shares during the last quarter. Meridian Financial Partners LLC increased its holdings in Roper Technologies by 1.0% in the fourth quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock worth $1,067,000 after buying an additional 20 shares during the last quarter. Principal Securities Inc. grew its holdings in Roper Technologies by 0.5% during the fourth quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company’s stock valued at $2,231,000 after purchasing an additional 20 shares during the last quarter. Finally, Exchange Capital Management Inc. grew its holdings in Roper Technologies by 0.7% during the fourth quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company’s stock valued at $1,426,000 after purchasing an additional 20 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ROP shares. William Blair started coverage on Roper Technologies in a report on Monday, May 5th. They set an “outperform” rating on the stock. Truist Financial reiterated a “buy” rating and set a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. increased their price target on Roper Technologies from $465.00 to $470.00 and gave the company a “neutral” rating in a report on Tuesday, April 29th. Oppenheimer restated an “outperform” rating and issued a $640.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Finally, Raymond James restated a “strong-buy” rating and issued a $655.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $620.91.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the transaction, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at approximately $18,540,925.18. This trade represents a 8.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.78% of the company’s stock.

Roper Technologies Stock Down 1.9%

Shares of ROP stock opened at $565.94 on Thursday. The stock has a market cap of $60.85 billion, a P/E ratio of 39.47, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The stock has a fifty day moving average price of $564.93 and a 200 day moving average price of $555.90. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Roper Technologies (NYSE:ROP) last issued its earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company earned $4.41 earnings per share. Analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were given a $0.825 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.58%. Roper Technologies’s dividend payout ratio (DPR) is currently 23.81%.

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.