Eventide Asset Management LLC Has $144.92 Million Stake in Roper Technologies, Inc. (NYSE:ROP)

Eventide Asset Management LLC boosted its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.9% during the third quarter, Holdings Channel reports. The firm owned 260,445 shares of the industrial products company’s stock after purchasing an additional 9,887 shares during the quarter. Roper Technologies comprises about 2.5% of Eventide Asset Management LLC’s holdings, making the stock its 4th biggest position. Eventide Asset Management LLC’s holdings in Roper Technologies were worth $144,922,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Atria Investments Inc grew its stake in shares of Roper Technologies by 1.8% during the 1st quarter. Atria Investments Inc now owns 12,218 shares of the industrial products company’s stock valued at $6,853,000 after purchasing an additional 211 shares during the period. Cetera Investment Advisers increased its holdings in Roper Technologies by 201.6% during the first quarter. Cetera Investment Advisers now owns 20,340 shares of the industrial products company’s stock valued at $11,408,000 after buying an additional 13,597 shares during the last quarter. Cetera Advisors LLC raised its position in Roper Technologies by 4.7% in the first quarter. Cetera Advisors LLC now owns 5,603 shares of the industrial products company’s stock worth $3,142,000 after acquiring an additional 253 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of Roper Technologies by 14.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 181,049 shares of the industrial products company’s stock worth $100,249,000 after acquiring an additional 22,859 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Roper Technologies by 29.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 477 shares of the industrial products company’s stock valued at $244,000 after acquiring an additional 109 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the transaction, the director now owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.87% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ROP shares. Robert W. Baird raised their target price on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Jefferies Financial Group raised 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. Royal Bank of Canada cut their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Mizuho raised their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Finally, Truist Financial reiterated a “buy” rating and issued a $665.00 price target (up from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $620.80.

Roper Technologies Price Performance

ROP stock opened at $564.35 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The company’s fifty day moving average price is $553.01 and its 200-day moving average price is $550.14. Roper Technologies, Inc. has a one year low of $508.22 and a one year high of $579.10. The company has a market capitalization of $60.52 billion, a PE ratio of 41.28, a price-to-earnings-growth ratio of 2.95 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last posted 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. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the previous year, the business earned $4.32 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, equities analysts anticipate that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. Roper Technologies’s dividend payout ratio is currently 21.95%.

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.