Roper Technologies, Inc. (NYSE:ROP) Stake Decreased by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. trimmed its holdings in Roper Technologies, Inc. (NYSE:ROP) by 4.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,697 shares of the industrial products company’s stock after selling 118 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Roper Technologies were worth $1,501,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. New Covenant Trust Company N.A. acquired a new position in shares of Roper Technologies during the first quarter valued at $25,000. Fairscale Capital LLC acquired a new position in Roper Technologies during the 2nd quarter valued at about $28,000. Fortitude Family Office LLC bought a new stake in shares of Roper Technologies during the 3rd quarter worth about $28,000. Versant Capital Management Inc lifted its stake 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 worth $30,000 after acquiring an additional 20 shares during the period. Finally, Valley Wealth Managers Inc. bought a new position in shares of Roper Technologies in the second quarter valued at approximately $31,000. Institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

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 completion of the sale, the director now owns 32,955 shares in the company, valued at $18,125,250. This represents a 2.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Trading Up 0.2 %

Roper Technologies stock opened at $549.37 on Tuesday. Roper Technologies, Inc. has a one year low of $508.22 and a one year high of $579.10. The company’s fifty day moving average price is $552.31 and its two-hundred day moving average price is $548.46. The company has a market capitalization of $58.91 billion, a price-to-earnings ratio of 30.66, a PEG ratio of 2.86 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44.

Roper Technologies (NYSE:ROP) last posted 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. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The firm had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period in the previous year, the company earned $4.32 EPS. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. On average, analysts forecast that Roper Technologies, Inc. will post 18.24 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given 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 is Friday, January 3rd. This represents a $3.30 dividend on an annualized basis and a yield of 0.60%. Roper Technologies’s payout ratio is currently 21.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ROP shares. Jefferies Financial Group upped their target price on Roper Technologies from $625.00 to $635.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Mizuho lifted their target price on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Robert W. Baird raised their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Oppenheimer lowered their price objective on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research note on Thursday, July 25th. Finally, Royal Bank of Canada reduced their target price on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Roper Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $620.80.

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.