NorthRock Partners LLC Sells 629 Shares of Roper Technologies, Inc. (NYSE:ROP)

NorthRock Partners LLC cut its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 49.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 638 shares of the industrial products company’s stock after selling 629 shares during the period. NorthRock Partners LLC’s holdings in Roper Technologies were worth $355,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of ROP. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Roper Technologies during the first quarter valued at $164,000. Central Pacific Bank Trust Division purchased a new stake in shares of Roper Technologies during the first quarter valued at $35,000. Csenge Advisory Group boosted its position in shares of Roper Technologies by 4.4% during the first quarter. Csenge Advisory Group now owns 1,486 shares of the industrial products company’s stock valued at $833,000 after buying an additional 63 shares during the last quarter. Manchester Capital Management LLC boosted its position in shares of Roper Technologies by 146.5% during the first quarter. Manchester Capital Management LLC now owns 1,400 shares of the industrial products company’s stock valued at $785,000 after buying an additional 832 shares during the last quarter. Finally, MGB Wealth Management LLC boosted its position in shares of Roper Technologies by 20.3% during the first quarter. MGB Wealth Management LLC now owns 475 shares of the industrial products company’s stock valued at $266,000 after buying an additional 80 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. 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 insiders.

Roper Technologies Trading Up 0.1 %

Shares of ROP opened at $542.70 on Wednesday. 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 $502.06 and a 1 year high of $579.10. The company has a 50 day simple moving average of $550.54 and a two-hundred day simple moving average of $546.11. The firm has a market cap of $58.19 billion, a P/E ratio of 39.70, a price-to-earnings-growth ratio of 2.82 and a beta of 1.03.

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, beating analysts’ consensus estimates of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the firm posted $4.32 EPS. The company’s revenue was up 11.7% on a year-over-year basis. On average, equities analysts expect that Roper Technologies, Inc. will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Tuesday, October 8th. Roper Technologies’s dividend payout ratio (DPR) is currently 21.95%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Barclays upped their price target on shares of Roper Technologies from $611.00 to $625.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Oppenheimer dropped their price target on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Truist Financial restated a “buy” rating and issued a $665.00 price objective (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Finally, Jefferies Financial Group lifted their target price on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $620.80.

Roper Technologies Company 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.