Roper Technologies, Inc. (NYSE:ROP) Holdings Reduced by LS Investment Advisors LLC

LS Investment Advisors LLC decreased its position in Roper Technologies, Inc. (NYSE:ROP) by 1.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,775 shares of the industrial products company’s stock after selling 248 shares during the period. LS Investment Advisors LLC’s holdings in Roper Technologies were worth $7,108,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ORG Partners LLC grew its position in Roper Technologies by 764.2% in the 2nd quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock worth $652,000 after purchasing an additional 1,024 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of 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. Forsta AP Fonden boosted its holdings in shares of Roper Technologies by 15.7% in the first quarter. Forsta AP Fonden now owns 20,600 shares of the industrial products company’s stock valued at $11,553,000 after acquiring an additional 2,800 shares in the last quarter. Illinois Municipal Retirement Fund boosted its holdings in shares of Roper Technologies by 82.5% in the first quarter. Illinois Municipal Retirement Fund now owns 7,835 shares of the industrial products company’s stock valued at $4,394,000 after acquiring an additional 3,543 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Roper Technologies by 5.6% in the first quarter. Sei Investments Co. now owns 29,414 shares of the industrial products company’s stock valued at $16,495,000 after acquiring an additional 1,553 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ROP shares. 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 report on Thursday, October 17th. Robert W. Baird increased their target price 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. Royal Bank of Canada cut their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Oppenheimer reduced their price target on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, July 25th. Finally, Jefferies Financial Group lifted their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $620.80.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were 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 owns 32,955 shares of the company’s stock, valued at $18,125,250. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.87% of the company’s stock.

Roper Technologies Stock Up 1.3 %

ROP stock opened at $572.26 on Friday. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a 1 year low of $507.59 and a 1 year high of $579.10. The company has a fifty day simple moving average of $550.83 and a 200 day simple moving average of $546.24. The firm has a market cap of $61.36 billion, a PE ratio of 41.86, a PEG ratio of 2.83 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.53 by $0.09. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates 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 business earned $4.32 EPS. Sell-side analysts anticipate that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Tuesday, October 8th. Roper Technologies’s dividend payout ratio is 21.95%.

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.