Mutual of America Capital Management LLC Has $7.61 Million Stake in Roper Technologies, Inc. (NYSE:ROP)

Mutual of America Capital Management LLC decreased its holdings in Roper Technologies, Inc. (NYSE:ROP) by 3.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,498 shares of the industrial products company’s stock after selling 507 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Roper Technologies were worth $7,608,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New Covenant Trust Company N.A. acquired a new stake in Roper Technologies in the 1st quarter worth about $25,000. Rise Advisors LLC acquired a new stake in Roper Technologies in the 1st quarter worth about $27,000. OFI Invest Asset Management acquired a new stake in Roper Technologies in the 1st quarter worth about $29,000. Versant Capital Management Inc raised its stake in Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 20 shares in the last quarter. Finally, Valley Wealth Managers Inc. acquired a new stake in Roper Technologies in the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Price Performance

ROP stock opened at $560.86 on Friday. The company has a 50 day simple moving average of $547.92 and a 200 day simple moving average of $545.22. The stock has a market cap of $60.12 billion, a price-to-earnings ratio of 40.70, a P/E/G ratio of 2.92 and a beta of 1.02. Roper Technologies, Inc. has a 1 year low of $474.46 and a 1 year high of $579.10. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $4.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.46 by $0.02. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Research analysts anticipate that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date is Tuesday, October 8th. Roper Technologies’s payout ratio is 21.77%.

Insiders Place Their Bets

In other Roper Technologies news, Director Robert D. Johnson sold 140 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $550.34, for a total transaction of $77,047.60. Following the sale, the director now directly owns 5,909 shares of the company’s stock, valued at approximately $3,251,959.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on ROP. 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. Wolfe Research cut shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a research report on Thursday, June 13th. Barclays boosted their target price on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Truist Financial restated a “buy” rating and issued a $660.00 target price on shares of Roper Technologies in a research report on Tuesday, August 27th. Finally, Robert W. Baird upgraded shares of Roper Technologies from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $617.00 to $635.00 in a research report on Thursday, July 25th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $616.00.

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.