Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. reduced its position in Roper Technologies, Inc. (NYSE:ROP) by 4.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,145 shares of the industrial products company’s stock after selling 1,700 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Roper Technologies were worth $22,895,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Roper Technologies by 1.3% in the first quarter. Vanguard Group Inc. now owns 10,072,028 shares of the industrial products company’s stock valued at $5,648,796,000 after buying an additional 125,387 shares during the last quarter. American Century Companies Inc. grew its stake in Roper Technologies by 24.4% during the 2nd quarter. American Century Companies Inc. now owns 605,769 shares of the industrial products company’s stock valued at $341,448,000 after acquiring an additional 118,971 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Roper Technologies by 4.0% in the 2nd quarter. Principal Financial Group Inc. now owns 2,683,909 shares of the industrial products company’s stock valued at $1,512,813,000 after acquiring an additional 102,199 shares during the last quarter. Bank of Montreal Can lifted its stake in Roper Technologies by 31.0% in the 2nd quarter. Bank of Montreal Can now owns 338,887 shares of the industrial products company’s stock worth $192,176,000 after purchasing an additional 80,255 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Roper Technologies by 95.1% during the 2nd quarter. SG Americas Securities LLC now owns 161,834 shares of the industrial products company’s stock worth $91,219,000 after purchasing an additional 78,870 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ROP has been the subject of several recent research reports. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Truist Financial reaffirmed a “buy” rating and issued a $665.00 target price (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Robert W. Baird boosted their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research 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 report on Thursday, October 17th. Finally, Barclays lifted their target price on shares of Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 10th. 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. According to MarketBeat, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $620.80.

Roper Technologies Stock Performance

NYSE:ROP opened at $542.08 on Tuesday. Roper Technologies, Inc. has a fifty-two week low of $502.06 and a fifty-two week high of $579.10. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The company has a 50 day moving average price of $550.71 and a 200 day moving average price of $546.05. The stock has a market capitalization of $58.12 billion, a P/E ratio of 30.25, a PEG ratio of 2.82 and a beta of 1.03.

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

Roper Technologies Dividend Announcement

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

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value 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 trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is currently owned by company insiders.

About Roper Technologies

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.