STF Management LP Has $859,000 Holdings in Roper Technologies, Inc. (NYSE:ROP)

STF Management LP decreased its position in Roper Technologies, Inc. (NYSE:ROP) by 9.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,543 shares of the industrial products company’s stock after selling 157 shares during the quarter. STF Management LP’s holdings in Roper Technologies were worth $859,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROP. New Covenant Trust Company N.A. bought a new position in shares of Roper Technologies in the first quarter valued at approximately $25,000. Fairscale Capital LLC bought a new position in shares of Roper Technologies during the 2nd quarter worth about $28,000. Fortitude Family Office LLC acquired a new position in shares of Roper Technologies during the third quarter valued at about $28,000. Versant Capital Management Inc lifted its stake in shares of Roper Technologies by 58.8% in the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after buying an additional 20 shares during the period. Finally, Valley Wealth Managers Inc. acquired a new stake in Roper Technologies during the second quarter worth $31,000. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

ROP opened at $553.82 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The company has a market capitalization of $59.39 billion, a price-to-earnings ratio of 40.51, a P/E/G ratio of 2.86 and a beta of 1.03. The business’s 50-day moving average price is $552.26 and its two-hundred day moving average price is $548.72. Roper Technologies, Inc. has a 1 year low of $508.22 and a 1 year high of $579.10.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results 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 firm 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 company’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $4.32 EPS. Equities analysts expect that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.825 per share. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.60%. Roper Technologies’s payout ratio is 21.95%.

Analyst Ratings Changes

ROP has been the subject of a number of analyst reports. Oppenheimer cut their price objective on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Mizuho upped their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird boosted their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, 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. Three equities research 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $620.80.

Insider Activity

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 shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the sale, the director now directly owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.87% of the stock is currently owned by insiders.

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.