Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,229 shares of the industrial products company’s stock after selling 1,163 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.14% of Roper Technologies worth $79,656,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ROP. PNC Financial Services Group Inc. grew its holdings in Roper Technologies by 5.4% in the third quarter. PNC Financial Services Group Inc. now owns 34,652 shares of the industrial products company’s stock valued at $19,282,000 after purchasing an additional 1,789 shares during the last quarter. Citigroup Inc. grew its stake in Roper Technologies by 17.6% in the 3rd quarter. Citigroup Inc. now owns 190,587 shares of the industrial products company’s stock valued at $106,050,000 after acquiring an additional 28,555 shares during the last quarter. Douglas Lane & Associates LLC increased its holdings in Roper Technologies by 18.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company’s stock valued at $57,005,000 after acquiring an additional 17,466 shares in the last quarter. Synovus Financial Corp raised its position in Roper Technologies by 19.6% during the third quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock worth $3,265,000 after acquiring an additional 961 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Roper Technologies by 8.5% in the fourth quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company’s stock valued at $280,113,000 after purchasing an additional 42,016 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Trading Down 1.2 %

Shares of ROP stock opened at $543.02 on Thursday. The firm’s 50-day simple moving average is $535.41 and its 200-day simple moving average is $544.70. 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 $499.47 and a 1-year high of $580.09. The firm has a market cap of $58.23 billion, a P/E ratio of 39.72, a PEG ratio of 2.55 and a beta of 1.04.

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Friday, January 3rd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio (DPR) is 24.14%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on ROP shares. Mizuho lifted their price objective on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and upped their price objective for the company from $535.00 to $615.00 in a research report on Tuesday. Truist Financial reiterated a “buy” rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Oppenheimer initiated coverage on shares of Roper Technologies in a report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 target price on the stock. Finally, Robert W. Baird boosted their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $623.33.

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.