Ashford Capital Management Inc. Sells 60 Shares of Roper Technologies, Inc. (NYSE:ROP)

Ashford Capital Management Inc. lessened its position in Roper Technologies, Inc. (NYSE:ROP) by 0.8% during the third quarter, Holdings Channel reports. The fund owned 7,701 shares of the industrial products company’s stock after selling 60 shares during the period. Ashford Capital Management Inc.’s holdings in Roper Technologies were worth $4,285,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its position in Roper Technologies by 12.2% during the second quarter. Sequoia Financial Advisors LLC now owns 4,465 shares of the industrial products company’s stock valued at $2,517,000 after acquiring an additional 485 shares during the last quarter. Diversified Trust Co raised its position in Roper Technologies by 33.5% in the 2nd quarter. Diversified Trust Co now owns 490 shares of the industrial products company’s stock worth $276,000 after purchasing an additional 123 shares during the period. ORG Partners LLC lifted its stake in Roper Technologies by 764.2% in the second 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. PGGM Investments boosted its position in Roper Technologies by 739.4% during the second quarter. PGGM Investments now owns 72,596 shares of the industrial products company’s stock valued at $40,919,000 after buying an additional 63,947 shares during the period. Finally, Oak Ridge Investments LLC grew its stake in shares of Roper Technologies by 3.2% during the second quarter. Oak Ridge Investments LLC now owns 14,357 shares of the industrial products company’s stock valued at $8,092,000 after buying an additional 449 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.87% of the stock is owned by insiders.

Roper Technologies Trading Down 0.5 %

Shares of NYSE ROP opened at $548.42 on Tuesday. The stock has a market cap of $58.81 billion, a P/E ratio of 40.12, a price-to-earnings-growth ratio of 2.88 and a beta of 1.02. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. Roper Technologies, Inc. has a 1 year low of $508.22 and a 1 year high of $580.09. The firm has a 50-day moving average of $554.14 and a 200 day moving average of $551.56.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the business earned $4.32 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. As a group, sell-side analysts expect that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Increases Dividend

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

Analysts Set New Price Targets

ROP has been the subject of a number of recent research reports. Jefferies Financial Group boosted their target price on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada dropped 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. Barclays reaffirmed an “underweight” rating and issued a $569.00 target price (down from $625.00) on shares of Roper Technologies in a research note on Thursday, December 5th. Truist Financial reiterated a “buy” rating and set a $665.00 price target (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Finally, Mizuho boosted their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $615.20.

Roper Technologies 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.