Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. reduced its stake in Roper Technologies, Inc. (NYSE:ROP) by 1.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,003 shares of the industrial products company’s stock after selling 30 shares during the period. Brown Brothers Harriman & Co.’s holdings in Roper Technologies were worth $1,115,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new position in Roper Technologies during the 1st quarter worth approximately $25,000. Fairscale Capital LLC purchased a new position in shares of Roper Technologies in the second quarter valued at $28,000. Fortitude Family Office LLC purchased a new stake in Roper Technologies during the 3rd quarter worth $28,000. Versant Capital Management Inc boosted its position in Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock valued at $30,000 after buying an additional 20 shares during the last quarter. Finally, Valley Wealth Managers Inc. acquired a new position in shares of Roper Technologies in the second quarter worth about $31,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on ROP. Jefferies Financial Group raised their price objective on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada decreased their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Mizuho lifted their price target 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 increased their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Truist Financial reissued a “buy” rating and issued a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $620.80.

Roper Technologies Price Performance

Shares of ROP opened at $561.89 on Wednesday. Roper Technologies, Inc. has a 12 month low of $508.22 and a 12 month high of $579.10. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The stock has a fifty day moving average price of $552.66 and a 200 day moving average price of $549.94. The company has a market cap of $60.25 billion, a P/E ratio of 31.20, a PEG ratio of 2.91 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results 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. 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 analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the company posted $4.32 earnings per share. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, research analysts forecast that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.825 per share. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.59%. Roper Technologies’s dividend payout ratio (DPR) is presently 21.95%.

Insiders Place Their Bets

In other news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies 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 transaction, the director now directly owns 32,955 shares in the company, valued at approximately $18,125,250. This trade represents a 2.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is owned by 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.