Roper Technologies, Inc. (NYSE:ROP) Shares Sold by MML Investors Services LLC

MML Investors Services LLC lessened its stake in Roper Technologies, Inc. (NYSE:ROP) by 9.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,580 shares of the industrial products company’s stock after selling 746 shares during the quarter. MML Investors Services LLC’s holdings in Roper Technologies were worth $4,218,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ledyard National Bank increased its holdings in Roper Technologies by 2.1% in the third quarter. Ledyard National Bank now owns 896 shares of the industrial products company’s stock valued at $499,000 after buying an additional 18 shares in the last quarter. Western Financial Corp CA increased its stake in Roper Technologies by 1.1% in the 2nd quarter. Western Financial Corp CA now owns 1,727 shares of the industrial products company’s stock valued at $973,000 after purchasing an additional 19 shares in the last quarter. AMG National Trust Bank raised its holdings in Roper Technologies by 5.1% during the second quarter. AMG National Trust Bank now owns 391 shares of the industrial products company’s stock worth $220,000 after purchasing an additional 19 shares during the last quarter. Cromwell Holdings LLC boosted its position in Roper Technologies by 6.8% during the third quarter. Cromwell Holdings LLC now owns 332 shares of the industrial products company’s stock worth $185,000 after purchasing an additional 21 shares in the last quarter. Finally, Hibernia Wealth Partners LLC grew its holdings in Roper Technologies by 4.2% in the third quarter. Hibernia Wealth Partners LLC now owns 522 shares of the industrial products company’s stock valued at $291,000 after purchasing an additional 21 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 1,000 shares of the company’s stock in a transaction on Thursday, October 24th. The stock was 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 directly owns 32,955 shares in the company, valued at $18,125,250. This represents a 2.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.87% of the stock is currently owned by insiders.

Roper Technologies Trading Down 0.8 %

Shares of Roper Technologies stock opened at $543.66 on Friday. Roper Technologies, Inc. has a fifty-two week low of $508.22 and a fifty-two week high of $580.09. The business’s fifty day moving average is $554.11 and its two-hundred day moving average is $551.55. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The firm has a market cap of $58.30 billion, a PE ratio of 39.77, a P/E/G ratio of 2.87 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping the consensus estimate of $4.53 by $0.09. The firm 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%. During the same period in the prior year, the business posted $4.32 earnings per share. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. Analysts anticipate that Roper Technologies, Inc. will post 18.26 earnings per share for the current year.

Roper Technologies Increases Dividend

The business also recently declared 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 is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date is Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.61%. Roper Technologies’s dividend payout ratio is 21.95%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ROP shares. Jefferies Financial Group lifted their price target on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Barclays reaffirmed an “underweight” rating and issued a $569.00 price target (down previously from $625.00) on shares of Roper Technologies in a report on Thursday, December 5th. Mizuho raised their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird upped their target price on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Royal Bank of Canada dropped their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $615.20.

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.