Prio Wealth Limited Partnership Cuts Stake in Roper Technologies, Inc. (NYSE:ROP)

Prio Wealth Limited Partnership reduced its stake in Roper Technologies, Inc. (NYSE:ROP) by 0.1% during the third quarter, HoldingsChannel reports. The fund owned 23,304 shares of the industrial products company’s stock after selling 19 shares during the period. Prio Wealth Limited Partnership’s holdings in Roper Technologies were worth $12,967,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Roper Technologies by 497.6% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,329 shares of the industrial products company’s stock valued at $5,232,000 after purchasing an additional 7,768 shares in the last quarter. ORG Partners LLC lifted its holdings in shares of Roper Technologies by 764.2% during the second quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock valued at $652,000 after purchasing an additional 1,024 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its holdings in shares of Roper Technologies by 1.0% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 240,633 shares of the industrial products company’s stock valued at $136,455,000 after purchasing an additional 2,399 shares in the last quarter. Duality Advisers LP lifted its holdings in shares of Roper Technologies by 355.4% during the first quarter. Duality Advisers LP now owns 12,026 shares of the industrial products company’s stock valued at $6,745,000 after purchasing an additional 9,385 shares in the last quarter. Finally, American National Bank & Trust Co. VA bought a new position in shares of Roper Technologies during the first quarter valued at $6,314,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Performance

ROP traded down $2.45 during midday trading on Monday, reaching $555.17. The company had a trading volume of 49,614 shares, compared to its average volume of 494,213. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average of $549.91 and a two-hundred day moving average of $545.28. The company has a market cap of $59.43 billion, a P/E ratio of 40.47, a P/E/G ratio of 2.90 and a beta of 1.02. Roper Technologies, Inc. has a 1 year low of $474.46 and a 1 year high of $579.10.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Wednesday, July 24th. The industrial products company reported $4.48 EPS for the quarter, topping analysts’ consensus estimates of $4.46 by $0.02. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a return on equity of 10.77% and a net margin of 22.14%. As a group, equities research analysts predict that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Tuesday, October 8th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Tuesday, October 8th. Roper Technologies’s dividend payout ratio is currently 21.77%.

Insider Buying and Selling

In related news, Director Robert D. Johnson sold 140 shares of the stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $550.34, for a total transaction of $77,047.60. Following the completion of the sale, the director now owns 5,909 shares in the company, valued at approximately $3,251,959.06. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.87% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ROP has been the topic of a number of research analyst reports. Truist Financial reaffirmed a “buy” rating and set a $660.00 price target on shares of Roper Technologies in a report on Tuesday, August 27th. Royal Bank of Canada increased their target price on Roper Technologies from $674.00 to $675.00 and gave the company an “outperform” rating in a report on Friday, August 16th. Jefferies Financial Group increased their target price on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a report on Friday, August 16th. Robert W. Baird raised Roper Technologies from a “neutral” rating to an “outperform” rating and increased their target price for the company from $617.00 to $635.00 in a report on Thursday, July 25th. Finally, Mizuho increased their target price on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $619.50.

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.