Geneva Capital Management LLC Has $27.06 Million Stake in Roper Technologies, Inc. (NYSE:ROP)

Geneva Capital Management LLC lessened its holdings in Roper Technologies, Inc. (NYSE:ROP) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,634 shares of the industrial products company’s stock after selling 1,310 shares during the period. Geneva Capital Management LLC’s holdings in Roper Technologies were worth $27,062,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Empowered Funds LLC boosted its holdings in shares of Roper Technologies by 159.1% during the first quarter. Empowered Funds LLC now owns 3,293 shares of the industrial products company’s stock worth $1,847,000 after purchasing an additional 2,022 shares during the period. Sei Investments Co. grew its holdings in shares of Roper Technologies by 5.6% during the 1st 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. QRG Capital Management Inc. increased its stake in shares of Roper Technologies by 24.6% in the first quarter. QRG Capital Management Inc. now owns 1,872 shares of the industrial products company’s stock worth $1,050,000 after acquiring an additional 369 shares during the last quarter. Avantax Advisory Services Inc. increased its position in Roper Technologies by 16.2% in the 1st quarter. Avantax Advisory Services Inc. now owns 509 shares of the industrial products company’s stock worth $285,000 after purchasing an additional 71 shares during the last quarter. Finally, Bleakley Financial Group LLC raised its stake in shares of Roper Technologies by 4.6% during the 1st quarter. Bleakley Financial Group LLC now owns 2,167 shares of the industrial products company’s stock worth $1,215,000 after purchasing an additional 95 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ROP has been the topic of a number of research reports. Royal Bank of Canada dropped their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Robert W. Baird lifted their price objective 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. Truist Financial restated a “buy” rating and set a $665.00 target price (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Mizuho boosted their target price on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Three 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 company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $620.80.

Roper Technologies Stock Performance

Shares of NYSE ROP opened at $564.77 on Wednesday. Roper Technologies, Inc. has a one year low of $508.22 and a one year high of $579.10. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $551.68 and a 200 day simple moving average of $546.91. The firm has a market capitalization of $60.56 billion, a price-to-earnings ratio of 31.61, a PEG ratio of 2.95 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating the consensus estimate of $4.53 by $0.09. The business had revenue of $1.75 billion for 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%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business earned $4.32 EPS. Sell-side analysts expect that Roper Technologies, Inc. will post 18.24 EPS for the current year.

Roper Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors 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%. The ex-dividend date of this dividend is Friday, January 3rd. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio (DPR) is 21.95%.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction 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 completion of the transaction, the director now directly owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is owned by insiders.

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.