Natixis Advisors LLC Has $39.19 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

Natixis Advisors LLC lessened its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 48.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 70,424 shares of the industrial products company’s stock after selling 65,829 shares during the quarter. Natixis Advisors LLC owned 0.07% of Roper Technologies worth $39,187,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. ORG Partners LLC raised its stake in Roper Technologies by 764.2% during the 2nd quarter. ORG Partners LLC now owns 1,158 shares of the industrial products company’s stock worth $652,000 after buying an additional 1,024 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in Roper Technologies by 1.0% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 240,633 shares of the industrial products company’s stock worth $136,455,000 after buying an additional 2,399 shares during the period. O Shaughnessy Asset Management LLC raised its stake in shares of Roper Technologies by 12.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 9,035 shares of the industrial products company’s stock valued at $5,067,000 after purchasing an additional 988 shares during the period. PGGM Investments raised its stake in shares of Roper Technologies by 739.4% in the 2nd quarter. PGGM Investments now owns 72,596 shares of the industrial products company’s stock valued at $40,919,000 after purchasing an additional 63,947 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of Roper Technologies by 201.6% in the 1st quarter. Cetera Investment Advisers now owns 20,340 shares of the industrial products company’s stock valued at $11,408,000 after purchasing an additional 13,597 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ROP shares. Baird R W raised Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Oppenheimer dropped their price target on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Mizuho lifted their price target on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird raised their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada decreased their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $620.80.

Insider Buying and Selling

In related 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 transaction of $550,000.00. Following the sale, the director now 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 filing with the SEC, which is available through the SEC website. 0.87% of the stock is currently owned by company insiders.

Roper Technologies Price Performance

NYSE:ROP opened at $548.23 on Monday. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The stock’s 50 day moving average price is $552.39 and its two-hundred day moving average price is $548.19. The firm has a market capitalization of $58.79 billion, a price-to-earnings ratio of 40.10, a P/E/G ratio of 2.86 and a beta of 1.03. Roper Technologies, Inc. has a 12-month low of $508.22 and a 12-month high of $579.10.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.53 by $0.09. The firm 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 business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.32 earnings per share. On average, analysts anticipate that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be given a dividend of $0.825 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio is currently 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.