UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 125,084 Shares of Roper Technologies, Inc. (NYSE:ROP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in Roper Technologies, Inc. (NYSE:ROP) by 11.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 945,186 shares of the industrial products company’s stock after selling 125,084 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.88% of Roper Technologies worth $525,939,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ROP. Fairscale Capital LLC bought a new stake in shares of Roper Technologies in the 2nd quarter valued at about $28,000. Fortitude Family Office LLC bought a new stake in shares of Roper Technologies in the 3rd quarter valued at about $28,000. Versant Capital Management Inc grew its position in shares of 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. Valley Wealth Managers Inc. bought a new stake in shares of Roper Technologies in the 2nd quarter valued at about $31,000. Finally, Global Wealth Strategies & Associates bought a new stake in shares of Roper Technologies in the 3rd quarter valued at about $37,000. Institutional investors own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Jefferies Financial Group upped their target price on Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Royal Bank of Canada cut their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Mizuho upped their target price on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Robert W. Baird upped their target price on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, 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 research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $620.80.

Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total value of $550,000.00. Following the completion of the sale, the director now directly owns 32,955 shares of the company’s stock, valued at $18,125,250. This represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.87% of the company’s stock.

Roper Technologies Stock Up 0.4 %

Shares of NYSE:ROP opened at $564.35 on Friday. The business’s 50 day simple moving average is $553.01 and its two-hundred day simple moving average is $550.14. The firm has a market cap of $60.52 billion, a P/E ratio of 31.56, a PEG ratio of 2.95 and a beta of 1.03. 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, Inc. has a 52-week low of $508.22 and a 52-week high of $579.10.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.53 by $0.09. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.32 earnings per share. As a group, research analysts forecast that Roper Technologies, Inc. will post 18.24 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be paid a $0.825 dividend. The ex-dividend date is Friday, January 3rd. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. Roper Technologies’s dividend payout ratio is 21.95%.

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.