AlphaCentric Advisors LLC Has $182,000 Holdings in Roper Technologies, Inc. (NYSE:ROP)

AlphaCentric Advisors LLC reduced its holdings in Roper Technologies, Inc. (NYSE:ROP) by 6.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 327 shares of the industrial products company’s stock after selling 24 shares during the quarter. AlphaCentric Advisors LLC’s holdings in Roper Technologies were worth $182,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. FSM Wealth Advisors LLC boosted its holdings in shares of Roper Technologies by 2.0% in the 3rd quarter. FSM Wealth Advisors LLC now owns 1,434 shares of the industrial products company’s stock worth $798,000 after acquiring an additional 28 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Roper Technologies by 7.3% in the 3rd quarter. QRG Capital Management Inc. now owns 1,919 shares of the industrial products company’s stock worth $1,068,000 after acquiring an additional 130 shares in the last quarter. National Pension Service boosted its holdings in shares of Roper Technologies by 10.7% in the 3rd quarter. National Pension Service now owns 240,120 shares of the industrial products company’s stock worth $133,612,000 after acquiring an additional 23,226 shares in the last quarter. Klingenstein Fields & Co. LP boosted its holdings in shares of Roper Technologies by 2.2% in the 3rd quarter. Klingenstein Fields & Co. LP now owns 39,207 shares of the industrial products company’s stock worth $21,816,000 after acquiring an additional 844 shares in the last quarter. Finally, Invesco LLC lifted its holdings in Roper Technologies by 7.8% during the 3rd quarter. Invesco LLC now owns 498 shares of the industrial products company’s stock worth $277,000 after buying an additional 36 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ROP. Barclays upped their price objective on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Robert W. Baird upped their price objective on Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Truist Financial reaffirmed a “buy” rating and set a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Mizuho upped their price objective on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Jefferies Financial Group upped their price objective on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and an average price target of $620.80.

Roper Technologies Price Performance

ROP opened at $542.08 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a 12 month low of $502.06 and a 12 month high of $579.10. The company has a fifty day simple moving average of $550.71 and a 200 day simple moving average of $546.05. The stock has a market cap of $58.12 billion, a P/E ratio of 30.25, a P/E/G ratio of 2.82 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the prior year, the company earned $4.32 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. On average, research analysts expect that Roper Technologies, Inc. will post 18.24 EPS for the current year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th were issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Tuesday, October 8th. Roper Technologies’s dividend payout ratio (DPR) is presently 21.95%.

Insiders Place Their Bets

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the transaction, the director now owns 32,955 shares in the company, valued at approximately $18,125,250. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.87% of the company’s stock.

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.