Transamerica Financial Advisors Inc. Lowers Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Transamerica Financial Advisors Inc. cut its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 99.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 49 shares of the industrial products company’s stock after selling 7,531 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Roper Technologies were worth $28,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ROP. New Covenant Trust Company N.A. acquired a new position in shares of Roper Technologies during the 1st quarter valued at $25,000. Swedbank AB acquired a new position in shares of Roper Technologies during the 1st quarter valued at $43,851,000. Atria Investments Inc lifted its holdings in shares of Roper Technologies by 1.8% during the 1st quarter. Atria Investments Inc now owns 12,218 shares of the industrial products company’s stock valued at $6,853,000 after acquiring an additional 211 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of Roper Technologies by 201.6% during the 1st quarter. Cetera Investment Advisers now owns 20,340 shares of the industrial products company’s stock valued at $11,408,000 after acquiring an additional 13,597 shares in the last quarter. Finally, Cetera Advisors LLC lifted its holdings in shares of Roper Technologies by 4.7% during the 1st quarter. Cetera Advisors LLC now owns 5,603 shares of the industrial products company’s stock valued at $3,142,000 after acquiring an additional 253 shares in 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 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 completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.87% of the company’s stock.

Roper Technologies Stock Performance

Shares of Roper Technologies stock opened at $564.35 on Thursday. The firm has a market cap of $60.52 billion, a PE ratio of 41.28, a price-to-earnings-growth ratio of 2.91 and a beta of 1.03. The firm’s 50-day simple moving average is $552.94 and its 200-day simple moving average is $550.04. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. Roper Technologies, Inc. has a 1 year low of $508.22 and a 1 year high of $579.10.

Roper Technologies (NYSE:ROP) last issued its earnings results 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 for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the business posted $4.32 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities analysts forecast that Roper Technologies, Inc. will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm 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 dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend is Friday, January 3rd. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio is currently 21.95%.

Analysts Set New Price Targets

ROP has been the topic of several recent research reports. Royal Bank of Canada reduced their target price 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. Jefferies Financial Group boosted their price objective on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Truist Financial reiterated a “buy” rating and issued a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Mizuho boosted their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Robert W. Baird boosted their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and an average 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.