US Bancorp DE Has $39.34 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

US Bancorp DE lowered its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 70,693 shares of the industrial products company’s stock after selling 1,226 shares during the period. US Bancorp DE’s holdings in Roper Technologies were worth $39,336,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of ROP. BI Asset Management Fondsmaeglerselskab A S raised its stake in Roper Technologies by 497.6% during 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 acquiring an additional 7,768 shares in the last quarter. ORG Partners LLC lifted its stake 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 valued at $652,000 after purchasing an additional 1,024 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position 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 buying an additional 2,399 shares in the last quarter. Duality Advisers LP grew its stake in shares of Roper Technologies by 355.4% during the first quarter. Duality Advisers LP now owns 12,026 shares of the industrial products company’s stock worth $6,745,000 after buying an additional 9,385 shares during the last quarter. Finally, Forsta AP Fonden increased its holdings in shares of Roper Technologies by 15.7% during the first quarter. Forsta AP Fonden now owns 20,600 shares of the industrial products company’s stock worth $11,553,000 after buying an additional 2,800 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ROP has been the topic of several recent research reports. Truist Financial reissued a “buy” rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Oppenheimer cut their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Robert W. Baird upped their price objective on 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 on the stock in a research report on Thursday, October 24th. Finally, Jefferies Financial Group upped their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $620.80.

Roper Technologies Trading Down 1.7 %

NYSE:ROP opened at $537.73 on Friday. Roper Technologies, Inc. has a 52 week low of $483.56 and a 52 week high of $579.10. 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 firm’s fifty day moving average is $550.94 and its 200-day moving average is $545.60. The firm has a market cap of $57.66 billion, a P/E ratio of 30.61, a P/E/G ratio of 2.86 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. The firm had revenue of $1.75 billion during 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 business’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the business posted $4.32 EPS. Equities analysts expect that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Tuesday, October 8th. Roper Technologies’s dividend payout ratio (DPR) is presently 21.95%.

Insiders Place Their Bets

In related 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 transaction, the director now owns 32,955 shares in the company, 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.

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.