Trillium Asset Management LLC Raises Position in Roper Technologies, Inc. (NYSE:ROP)

Trillium Asset Management LLC raised its stake in Roper Technologies, Inc. (NYSE:ROPFree Report) by 122.8% in the third quarter, HoldingsChannel.com reports. The fund owned 1,600 shares of the industrial products company’s stock after buying an additional 882 shares during the quarter. Trillium Asset Management LLC’s holdings in Roper Technologies were worth $775,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ROP. Lord Abbett & CO. LLC boosted its position in Roper Technologies by 1.7% during the 1st quarter. Lord Abbett & CO. LLC now owns 27,664 shares of the industrial products company’s stock valued at $13,064,000 after purchasing an additional 463 shares during the period. Prudential PLC acquired a new position in shares of Roper Technologies during the first quarter valued at $1,038,000. Cetera Investment Advisers boosted its holdings in shares of Roper Technologies by 0.8% during the first quarter. Cetera Investment Advisers now owns 3,916 shares of the industrial products company’s stock valued at $1,849,000 after acquiring an additional 30 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Roper Technologies during the first quarter valued at $367,000. Finally, Candriam Luxembourg S.C.A. boosted its holdings in shares of Roper Technologies by 432.2% during the first quarter. Candriam Luxembourg S.C.A. now owns 37,205 shares of the industrial products company’s stock valued at $17,569,000 after acquiring an additional 30,214 shares during the period. 91.59% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ROP has been the subject of several analyst reports. Royal Bank of Canada boosted their price objective on Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a research report on Thursday. TD Cowen lowered Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective for the company. in a report on Thursday, January 4th. Truist Financial reissued a “buy” rating and set a $575.00 target price on shares of Roper Technologies in a research note on Friday, October 20th. Mizuho upped their target price on Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a report on Thursday. Finally, Wells Fargo & Company upped their target price on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $548.93.

Read Our Latest Research Report on ROP

Roper Technologies Price Performance

Shares of NYSE:ROP opened at $549.62 on Friday. The firm has a market cap of $58.71 billion, a price-to-earnings ratio of 42.64, a P/E/G ratio of 2.88 and a beta of 1.02. The business has a fifty day simple moving average of $539.79 and a 200 day simple moving average of $511.41. The company has a current ratio of 0.50, a quick ratio of 0.49 and a debt-to-equity ratio of 0.33. Roper Technologies, Inc. has a 1 year low of $416.77 and a 1 year high of $562.69.

Roper Technologies (NYSE:ROPGet Free Report) last posted its earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.03. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the company earned $3.92 earnings per share. The business’s revenue was up 12.7% compared to the same quarter last year. As a group, sell-side analysts predict that Roper Technologies, Inc. will post 18.03 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th were issued a dividend of $0.75 per share. This is an increase from Roper Technologies’s previous quarterly dividend of $0.68. The ex-dividend date was Monday, January 8th. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. Roper Technologies’s payout ratio is presently 23.27%.

Insider Transactions at Roper Technologies

In related news, Director Robert D. Johnson sold 250 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $538.25, for a total transaction of $134,562.50. Following the transaction, the director now directly owns 5,346 shares in the company, valued at $2,877,484.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.94% of the company’s stock.

About Roper Technologies

(Free Report)

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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.

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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