Loomis Sayles & Co. L P Grows Position in Roper Technologies, Inc. (NYSE:ROP)

Loomis Sayles & Co. L P boosted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 25.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 648,427 shares of the industrial products company’s stock after buying an additional 132,913 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.60% of Roper Technologies worth $360,811,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ledyard National Bank lifted its holdings in Roper Technologies by 2.1% during the 3rd quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock worth $499,000 after buying an additional 18 shares in the last quarter. Western Financial Corp CA boosted its holdings in 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 stake in Roper Technologies by 5.1% during the 2nd quarter. AMG National Trust Bank now owns 391 shares of the industrial products company’s stock worth $220,000 after purchasing an additional 19 shares in the last quarter. Versant Capital Management Inc increased its holdings in Roper Technologies by 58.8% during the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 20 shares during the period. Finally, Cromwell Holdings LLC boosted its stake in shares of Roper Technologies by 6.8% in the 3rd quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock valued at $185,000 after buying an additional 21 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction dated 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 owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on ROP shares. Mizuho lifted their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Jefferies Financial Group increased their price objective on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a report on Friday, August 16th. Truist Financial restated a “buy” rating and set a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Royal Bank of Canada cut their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, Robert W. Baird upped their target price 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. Three 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’s stock. According to data from MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $620.80.

Roper Technologies Stock Up 1.1 %

ROP opened at $560.14 on Monday. Roper Technologies, Inc. has a 52 week low of $508.22 and a 52 week high of $579.10. The business has a 50 day moving average price of $552.43 and a two-hundred day moving average price of $549.43. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The company has a market cap of $60.06 billion, a PE ratio of 31.33, a P/E/G ratio of 2.93 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Roper Technologies’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the firm posted $4.32 EPS. As a group, research analysts anticipate that Roper Technologies, Inc. will post 18.24 EPS for the current year.

Roper Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a $0.825 dividend. The ex-dividend date is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.59%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio (DPR) is presently 21.95%.

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.