Private Advisor Group LLC Sells 71 Shares of Roper Technologies, Inc. (NYSE:ROP)

Private Advisor Group LLC lessened its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,338 shares of the industrial products company’s stock after selling 71 shares during the quarter. Private Advisor Group LLC’s holdings in Roper Technologies were worth $2,970,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ROP. BI Asset Management Fondsmaeglerselskab A S raised its holdings in Roper Technologies by 497.6% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,329 shares of the industrial products company’s stock worth $5,232,000 after purchasing an additional 7,768 shares in the last quarter. ORG Partners LLC lifted its position in Roper Technologies by 764.2% during the second quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock valued at $652,000 after acquiring an additional 1,024 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in Roper Technologies by 1.0% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 240,633 shares of the industrial products company’s stock valued at $136,455,000 after acquiring an additional 2,399 shares in the last quarter. Duality Advisers LP grew its holdings in Roper Technologies by 355.4% in the first quarter. Duality Advisers LP now owns 12,026 shares of the industrial products company’s stock worth $6,745,000 after purchasing an additional 9,385 shares during the last quarter. Finally, American National Bank & Trust Co. VA acquired a new position in shares of Roper Technologies during the first quarter worth $6,314,000. 93.31% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the sale, the director now directly owns 32,955 shares in the company, valued at $18,125,250. This represents a 0.00 % decrease in their position. The sale 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.

Roper Technologies Trading Up 0.6 %

NYSE ROP opened at $545.13 on Tuesday. The company has a fifty day moving average of $551.17 and a 200 day moving average of $545.55. The company has a market capitalization of $58.45 billion, a PE ratio of 39.88, a P/E/G ratio of 2.83 and a beta of 1.02. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. Roper Technologies, Inc. has a 1 year low of $476.02 and a 1 year high of $579.10.

Roper Technologies (NYSE:ROP) last issued 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 firm 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%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.32 earnings per share. Research analysts forecast that Roper Technologies, Inc. will post 18.23 earnings per share for the current year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Tuesday, October 8th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Tuesday, October 8th. Roper Technologies’s dividend payout ratio is currently 21.95%.

Wall Street Analyst Weigh In

ROP has been the topic of several research analyst reports. Robert W. Baird boosted their target price on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Mizuho increased their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Barclays lifted their target price on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. Truist Financial restated a “buy” rating and set a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Finally, Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Three research 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. Based on data from MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and an average price target of $620.80.

Roper Technologies 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.