Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Chesley Taft & Associates LLC

Chesley Taft & Associates LLC lessened its stake in Roper Technologies, Inc. (NYSE:ROP) by 10.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,820 shares of the industrial products company’s stock after selling 705 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Roper Technologies were worth $3,026,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. State Street Corp boosted its holdings in Roper Technologies by 2.9% in the third quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock valued at $2,632,199,000 after acquiring an additional 132,575 shares during the last quarter. Geode Capital Management LLC increased its position in Roper Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,447,026 shares of the industrial products company’s stock worth $1,357,162,000 after purchasing an additional 51,131 shares in the last quarter. Mackenzie Financial Corp raised its holdings in Roper Technologies by 3.1% in the second quarter. Mackenzie Financial Corp now owns 1,119,023 shares of the industrial products company’s stock valued at $630,749,000 after buying an additional 33,544 shares during the period. Legal & General Group Plc lifted its position in Roper Technologies by 7.6% during the second quarter. Legal & General Group Plc now owns 914,499 shares of the industrial products company’s stock valued at $515,467,000 after buying an additional 64,565 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Roper Technologies by 87.8% during the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock worth $410,977,000 after buying an additional 345,268 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the business’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 completion of the transaction, the director now owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. The trade was a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ROP. 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. Oppenheimer initiated coverage on Roper Technologies in a research note on Monday, December 23rd. They set an “outperform” rating and a $630.00 price objective on the stock. Robert W. Baird raised their target price on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Mizuho increased their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Truist Financial reaffirmed a “buy” rating and set a $665.00 price target (up from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $623.33.

Roper Technologies Stock Performance

Shares of Roper Technologies stock opened at $522.32 on Tuesday. The firm has a market cap of $56.01 billion, a PE ratio of 38.21, a price-to-earnings-growth ratio of 2.49 and a beta of 1.04. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $580.09. The firm’s 50-day simple moving average is $537.92 and its 200-day simple moving average is $545.52. 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 (NYSE:ROP) last released its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the business posted $4.32 EPS. Roper Technologies’s quarterly revenue was up 11.7% compared to the same quarter last year. Equities analysts forecast that Roper Technologies, Inc. will post 18.29 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were issued a $0.825 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 0.63%. Roper Technologies’s payout ratio is 24.14%.

Roper Technologies 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.