Patton Albertson Miller Group LLC Decreases Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Patton Albertson Miller Group LLC lessened its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,722 shares of the industrial products company’s stock after selling 310 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in Roper Technologies were worth $7,079,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bank of Montreal Can grew its position in Roper Technologies by 2.5% in the 3rd quarter. Bank of Montreal Can now owns 347,365 shares of the industrial products company’s stock valued at $192,371,000 after acquiring an additional 8,478 shares during the last quarter. Private Trust Co. NA grew its position in Roper Technologies by 8.3% in the 3rd quarter. Private Trust Co. NA now owns 352 shares of the industrial products company’s stock valued at $196,000 after acquiring an additional 27 shares during the last quarter. Loomis Sayles & Co. L P grew its position in Roper Technologies by 25.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company’s stock valued at $360,811,000 after acquiring an additional 132,913 shares during the last quarter. Independent Advisor Alliance grew its position in Roper Technologies by 8.6% in the 3rd quarter. Independent Advisor Alliance now owns 3,290 shares of the industrial products company’s stock valued at $1,831,000 after acquiring an additional 261 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd grew its position in Roper Technologies by 52.5% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 4,938 shares of the industrial products company’s stock valued at $2,747,000 after acquiring an additional 1,699 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Down 0.4 %

Shares of NYSE:ROP opened at $557.94 on Tuesday. Roper Technologies, Inc. has a 52-week low of $508.22 and a 52-week high of $579.10. The stock has a market cap of $59.83 billion, a price-to-earnings ratio of 40.81, a PEG ratio of 2.93 and a beta of 1.03. 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 business has a 50-day moving average price of $552.45 and a 200-day moving average price of $549.67.

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, topping the consensus estimate of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the business posted $4.32 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities analysts predict 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. Stockholders of record on Friday, January 3rd will be paid a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. Roper Technologies’s dividend payout ratio (DPR) is presently 24.14%.

Analyst Ratings Changes

ROP has been the topic of several research analyst reports. Jefferies Financial Group upped their price objective on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Truist Financial reissued a “buy” rating and set a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Robert W. Baird increased their price target on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada dropped their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Mizuho increased their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $620.80.

Insider Activity at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the transaction, the director now directly owns 32,955 shares in the company, valued at approximately $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.87% of the stock is owned by company insiders.

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.