MAI Capital Management Sells 197 Shares of Roper Technologies, Inc. (NYSE:ROP)

MAI Capital Management lessened its stake in Roper Technologies, Inc. (NYSE:ROP) by 2.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 8,206 shares of the industrial products company’s stock after selling 197 shares during the quarter. MAI Capital Management’s holdings in Roper Technologies were worth $4,566,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Swiss National Bank lifted its stake in Roper Technologies by 0.3% in the third quarter. Swiss National Bank now owns 317,700 shares of the industrial products company’s stock worth $176,781,000 after purchasing an additional 800 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Roper Technologies by 3.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 7,610 shares of the industrial products company’s stock valued at $4,235,000 after acquiring an additional 269 shares during the last quarter. Mizuho Securities USA LLC boosted its holdings in Roper Technologies by 162.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 21,631 shares of the industrial products company’s stock valued at $12,036,000 after acquiring an additional 13,382 shares during the period. KCM Investment Advisors LLC grew its position in Roper Technologies by 27.5% during the 3rd quarter. KCM Investment Advisors LLC now owns 5,085 shares of the industrial products company’s stock worth $2,829,000 after acquiring an additional 1,098 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in Roper Technologies by 11.7% in the 3rd quarter. Empowered Funds LLC now owns 2,108 shares of the industrial products company’s stock worth $1,173,000 after purchasing an additional 220 shares during the period. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Down 0.3 %

Roper Technologies stock opened at $547.96 on Wednesday. Roper Technologies, Inc. has a 12-month low of $508.22 and a 12-month high of $579.10. The firm has a market capitalization of $58.76 billion, a price-to-earnings ratio of 40.08, a P/E/G ratio of 2.86 and a beta of 1.03. The firm has a 50 day moving average of $552.22 and a 200 day moving average of $548.68. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating the consensus estimate of $4.53 by $0.09. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business earned $4.32 earnings per share. As a group, research analysts predict that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Increases Dividend

The company also recently announced 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. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date is Friday, January 3rd. Roper Technologies’s payout ratio is currently 21.95%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ROP. Robert W. Baird upped their price target 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. Mizuho upped their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Oppenheimer cut their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Finally, Royal Bank of Canada cut their price objective 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. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $620.80.

Insider Buying and Selling at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the company’s stock in a transaction on 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 $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is currently owned by company insiders.

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.