Assenagon Asset Management S.A. Cuts Holdings in Roper Technologies, Inc. (NYSE:ROP)

Assenagon Asset Management S.A. cut its holdings in Roper Technologies, Inc. (NYSE:ROP) by 26.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,037 shares of the industrial products company’s stock after selling 1,117 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Roper Technologies were worth $1,579,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. 3Chopt Investment Partners LLC acquired a new position in Roper Technologies during the second quarter worth about $220,000. AE Wealth Management LLC increased its stake in shares of Roper Technologies by 64.8% during the 2nd quarter. AE Wealth Management LLC now owns 816 shares of the industrial products company’s stock worth $460,000 after purchasing an additional 321 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Roper Technologies by 11.5% during the 2nd quarter. Thrivent Financial for Lutherans now owns 7,341 shares of the industrial products company’s stock worth $4,138,000 after purchasing an additional 756 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Roper Technologies by 60.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 20,499 shares of the industrial products company’s stock valued at $11,555,000 after buying an additional 7,705 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Roper Technologies by 12.0% during the 2nd quarter. AQR Capital Management LLC now owns 243,435 shares of the industrial products company’s stock valued at $137,215,000 after buying an additional 26,075 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Trading Down 0.2 %

Shares of ROP opened at $533.24 on Friday. The stock has a 50-day moving average price of $536.51 and a 200 day moving average price of $545.22. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $580.09. The company has a market capitalization of $57.18 billion, a P/E ratio of 39.01, a P/E/G ratio of 2.53 and a beta of 1.04. 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 released its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. Roper Technologies’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the business posted $4.32 EPS. Sell-side analysts forecast that Roper Technologies, Inc. will post 18.29 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a dividend of $0.825 per share. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date was Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.62%. Roper Technologies’s dividend payout ratio is 24.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ROP shares. Oppenheimer began coverage on shares of Roper Technologies in a research report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price objective for the company. Mizuho increased their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Truist Financial reaffirmed a “buy” rating and issued a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Robert W. Baird increased their target price on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada lowered their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $624.38.

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.