Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Atria Investments Inc

Atria Investments Inc trimmed its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 17.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,734 shares of the industrial products company’s stock after selling 2,036 shares during the period. Atria Investments Inc’s holdings in Roper Technologies were worth $5,416,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. First Personal Financial Services boosted its stake in shares of Roper Technologies by 10.8% in the third quarter. First Personal Financial Services now owns 410 shares of the industrial products company’s stock worth $228,000 after acquiring an additional 40 shares during the last quarter. Assetmark Inc. lifted its stake in shares of Roper Technologies by 7.6% in the third quarter. Assetmark Inc. now owns 11,684 shares of the industrial products company’s stock worth $6,501,000 after buying an additional 824 shares in the last quarter. Windward Capital Management Co. CA grew its stake in Roper Technologies by 99.0% during the 3rd quarter. Windward Capital Management Co. CA now owns 3,116 shares of the industrial products company’s stock valued at $1,734,000 after acquiring an additional 1,550 shares in the last quarter. CWA Asset Management Group LLC purchased a new stake in shares of Roper Technologies in the third quarter valued at approximately $395,000. Finally, Tandem Investment Advisors Inc. lifted its position in Roper Technologies by 6.4% during the third quarter. Tandem Investment Advisors Inc. now owns 63,495 shares of the industrial products company’s stock worth $35,331,000 after buying an additional 3,839 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on ROP. 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. Royal Bank of Canada decreased their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Jefferies Financial Group increased their target price on shares of Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Truist Financial reaffirmed a “buy” rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $620.80.

Roper Technologies Price Performance

Shares of ROP opened at $565.14 on Tuesday. The firm has a market capitalization of $60.60 billion, a price-to-earnings ratio of 41.34, a PEG ratio of 2.96 and a beta of 1.03. The firm’s fifty day simple moving average is $551.46 and its 200-day simple moving average is $546.73. 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, Inc. has a twelve month low of $508.22 and a twelve month high of $579.10.

Roper Technologies (NYSE:ROP) last posted 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 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 firm’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.32 earnings per share. Equities analysts forecast that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal 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. The ex-dividend date is Friday, January 3rd. This is a boost 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 0.58%. Roper Technologies’s dividend payout ratio is 21.95%.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the 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 in the company, valued at approximately $18,125,250. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.87% of the stock is 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.