Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Huntington National Bank

Huntington National Bank decreased its position in Roper Technologies, Inc. (NYSE:ROP) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,760 shares of the industrial products company’s stock after selling 66 shares during the period. Huntington National Bank’s holdings in Roper Technologies were worth $2,092,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its holdings in Roper Technologies by 2.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 5,277 shares of the industrial products company’s stock valued at $2,936,000 after purchasing an additional 115 shares in the last quarter. MQS Management LLC acquired a new stake in shares of Roper Technologies in the 3rd quarter valued at approximately $534,000. Simmons Bank boosted its stake in shares of Roper Technologies by 4.0% in the third quarter. Simmons Bank now owns 5,201 shares of the industrial products company’s stock valued at $2,894,000 after buying an additional 202 shares in the last quarter. Haverford Trust Co grew its holdings in Roper Technologies by 18.2% during the third quarter. Haverford Trust Co now owns 1,525 shares of the industrial products company’s stock worth $849,000 after acquiring an additional 235 shares during the period. Finally, Aptus Capital Advisors LLC raised its position in Roper Technologies by 12.5% in the third quarter. Aptus Capital Advisors LLC now owns 20,006 shares of the industrial products company’s stock worth $11,132,000 after acquiring an additional 2,216 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Performance

NYSE ROP opened at $548.23 on Friday. Roper Technologies, Inc. has a twelve month low of $508.22 and a twelve month high of $579.10. The business’s 50-day moving average price is $552.38 and its 200 day moving average price is $547.46. The company has a current ratio of 0.48, a quick ratio of 0.44 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $58.79 billion, a PE ratio of 40.10, a price-to-earnings-growth ratio of 2.98 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share 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 business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the company posted $4.32 EPS. On average, research analysts predict that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be issued a dividend of $0.825 per share. This is a positive change 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 dividend yield of 0.60%. Roper Technologies’s payout ratio is presently 21.95%.

Analyst Ratings Changes

ROP has been the topic of a number of recent analyst reports. Robert W. Baird upped their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Truist Financial reissued a “buy” rating and set a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Oppenheimer reduced their price objective on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Jefferies Financial Group lifted their price target on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Mizuho lifted their target price on shares of Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $620.80.

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of Roper Technologies stock in a transaction that occurred on Thursday, October 24th. The shares were 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 in the company, valued at $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.87% of the stock is owned by insiders.

Roper Technologies Company 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.