Hahn Capital Management LLC Has $4.36 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

Hahn Capital Management LLC lessened its stake in Roper Technologies, Inc. (NYSE:ROP) by 33.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,827 shares of the industrial products company’s stock after selling 3,965 shares during the quarter. Roper Technologies accounts for about 2.8% of Hahn Capital Management LLC’s investment portfolio, making the stock its 20th biggest holding. Hahn Capital Management LLC’s holdings in Roper Technologies were worth $4,355,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Tectonic Advisors LLC boosted its holdings in shares of Roper Technologies by 13.1% in the third quarter. Tectonic Advisors LLC now owns 3,251 shares of the industrial products company’s stock valued at $1,809,000 after buying an additional 377 shares during the period. Dakota Wealth Management boosted its holdings in shares of Roper Technologies by 15.8% in the third quarter. Dakota Wealth Management now owns 10,172 shares of the industrial products company’s stock valued at $5,660,000 after buying an additional 1,388 shares during the period. Values First Advisors Inc. boosted its holdings in shares of Roper Technologies by 4.6% in the third quarter. Values First Advisors Inc. now owns 2,598 shares of the industrial products company’s stock valued at $1,446,000 after buying an additional 114 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Roper Technologies by 57.8% in the third quarter. Assenagon Asset Management S.A. now owns 4,154 shares of the industrial products company’s stock valued at $2,311,000 after buying an additional 1,522 shares during the period. Finally, IFM Investors Pty Ltd boosted its holdings in shares of Roper Technologies by 1.1% in the third quarter. IFM Investors Pty Ltd now owns 20,882 shares of the industrial products company’s stock valued at $11,620,000 after buying an additional 231 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on ROP. Truist Financial restated a “buy” rating and set a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a report on Thursday. Robert W. Baird increased their target price on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday. Baird R W upgraded shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 25th. Oppenheimer reduced their target price on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Finally, Royal Bank of Canada reduced their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday. 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $620.80.

Roper Technologies Price Performance

Shares of ROP opened at $542.10 on Friday. The firm has a market capitalization of $58.11 billion, a PE ratio of 40.16, a PEG ratio of 2.89 and a beta of 1.02. The company’s 50-day moving average is $551.48 and its 200-day moving average is $545.46. Roper Technologies, Inc. has a fifty-two week low of $474.46 and a fifty-two week high of $579.10. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.53 and a quick ratio of 0.48.

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 the consensus estimate of $4.53 by $0.09. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. The company’s revenue was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm earned $4.32 earnings per share. Equities analysts forecast that Roper Technologies, Inc. will post 18.16 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 given 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 presently 22.22%.

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.