Roper Technologies, Inc. (NYSE:ROP) Stock Position Lowered by Dai ichi Life Insurance Company Ltd

Dai ichi Life Insurance Company Ltd cut its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 14.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,475 shares of the industrial products company’s stock after selling 5,196 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Roper Technologies were worth $16,958,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisors Asset Management Inc. boosted its holdings in shares of Roper Technologies by 14.6% in the first quarter. Advisors Asset Management Inc. now owns 2,848 shares of the industrial products company’s stock worth $1,597,000 after buying an additional 362 shares during the period. Silvercrest Asset Management Group LLC raised its position in Roper Technologies by 21.8% during the first quarter. Silvercrest Asset Management Group LLC now owns 6,918 shares of the industrial products company’s stock valued at $3,880,000 after buying an additional 1,240 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in shares of Roper Technologies by 5.0% in the first quarter. B. Riley Wealth Advisors Inc. now owns 7,817 shares of the industrial products company’s stock worth $4,384,000 after purchasing an additional 374 shares in the last quarter. California State Teachers Retirement System boosted its stake in shares of Roper Technologies by 1.6% during the 1st quarter. California State Teachers Retirement System now owns 179,142 shares of the industrial products company’s stock valued at $100,470,000 after buying an additional 2,894 shares during the period. Finally, Motley Fool Asset Management LLC grew its stake in Roper Technologies by 7.5% in the first quarter. Motley Fool Asset Management LLC now owns 3,163 shares of the industrial products company’s stock valued at $1,774,000 after purchasing an additional 222 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Roper Technologies

In other 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 owns 32,955 shares in the company, valued at $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.87% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ROP shares. Truist Financial reaffirmed a “buy” rating and issued a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Jefferies Financial Group increased their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Mizuho boosted their price target on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird lifted their price objective on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada cut their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. 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 MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $620.80.

Roper Technologies Stock Down 0.4 %

ROP opened at $557.94 on Tuesday. Roper Technologies, Inc. has a twelve month low of $508.22 and a twelve month high of $579.10. The firm has a market cap of $59.83 billion, a price-to-earnings ratio of 40.81, a PEG ratio of 2.93 and a beta of 1.03. The firm’s 50-day simple moving average is $552.45 and its 200-day simple moving average is $549.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48.

Roper Technologies (NYSE:ROP) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. Roper Technologies’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.32 earnings per share. Equities research analysts anticipate that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a $0.825 dividend. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. Roper Technologies’s payout ratio is 24.14%.

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.