Unigestion Holding SA Sells 4,985 Shares of Roper Technologies, Inc. (NYSE:ROP)

Unigestion Holding SA trimmed its position in Roper Technologies, Inc. (NYSE:ROP) by 34.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,648 shares of the industrial products company’s stock after selling 4,985 shares during the period. Unigestion Holding SA’s holdings in Roper Technologies were worth $5,368,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ROP. Fairscale Capital LLC acquired a new position in shares of Roper Technologies during the second quarter valued at about $28,000. Fortitude Family Office LLC purchased a new stake in Roper Technologies in the third quarter valued at approximately $28,000. Valley Wealth Managers Inc. acquired a new position in Roper Technologies during the second quarter valued at $31,000. Global Wealth Strategies & Associates acquired a new position in shares of Roper Technologies in the 3rd quarter valued at $37,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Roper Technologies during the 2nd quarter valued at about $42,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ROP shares. Truist Financial reaffirmed a “buy” rating and set a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Royal Bank of Canada dropped their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Jefferies Financial Group boosted their price objective on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Mizuho lifted their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Robert W. Baird increased their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $615.20.

Roper Technologies Trading Up 0.2 %

ROP opened at $549.47 on Wednesday. Roper Technologies, Inc. has a 52 week low of $508.22 and a 52 week high of $580.09. 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 business has a fifty day simple moving average of $554.14 and a 200-day simple moving average of $551.56. The firm has a market cap of $58.92 billion, a P/E ratio of 40.20, a P/E/G ratio of 2.88 and a beta of 1.02.

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

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a $0.825 dividend. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.60%. Roper Technologies’s dividend payout ratio (DPR) is 21.95%.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the transaction, the director now directly owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. This represents a 2.95 % decrease in their position. The transaction 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.

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.