Villere ST Denis J & Co. LLC Sells 1,339 Shares of Roper Technologies, Inc. (NYSE:ROP)

Villere ST Denis J & Co. LLC lessened its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,892 shares of the industrial products company’s stock after selling 1,339 shares during the quarter. Roper Technologies makes up 3.1% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 8th biggest position. Villere ST Denis J & Co. LLC owned about 0.06% of Roper Technologies worth $37,778,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ledyard National Bank grew its position in Roper Technologies by 2.1% during the third quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock valued at $499,000 after buying an additional 18 shares during the period. Western Financial Corp CA grew its position in shares of Roper Technologies by 1.1% in the second quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company’s stock valued at $973,000 after purchasing an additional 19 shares during the period. AMG National Trust Bank grew its position in shares of Roper Technologies by 5.1% in the second quarter. AMG National Trust Bank now owns 391 shares of the industrial products company’s stock valued at $220,000 after purchasing an additional 19 shares during the period. Covestor Ltd grew its position in shares of Roper Technologies by 50.0% in the first quarter. Covestor Ltd now owns 60 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 20 shares during the period. Finally, Versant Capital Management Inc grew its position 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 purchasing an additional 20 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Performance

NYSE:ROP opened at $567.62 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 firm has a market capitalization of $60.87 billion, a price-to-earnings ratio of 41.52, a PEG ratio of 2.95 and a beta of 1.03. The company’s 50-day moving average is $551.46 and its two-hundred day moving average is $546.62. Roper Technologies, Inc. has a 1-year low of $508.07 and a 1-year high of $579.10.

Roper Technologies (NYSE:ROP) last posted 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 company 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%. Roper Technologies’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $4.32 EPS. Analysts forecast that Roper Technologies, Inc. will post 18.24 EPS for the current year.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a $0.825 dividend. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Friday, January 3rd. Roper Technologies’s dividend payout ratio is currently 24.14%.

Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the transaction, the director now directly owns 32,955 shares in the company, valued at approximately $18,125,250. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ROP. Oppenheimer dropped their target price on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Robert W. Baird lifted their target price 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. Truist Financial reissued a “buy” rating and issued a $665.00 price target (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Royal Bank of Canada decreased their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, Jefferies Financial Group raised their price target on shares of 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $620.80.

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.