LS Investment Advisors LLC Sells 248 Shares of Roper Technologies, Inc. (NYSE:ROP)

LS Investment Advisors LLC lowered its holdings in Roper Technologies, Inc. (NYSE:ROP) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,775 shares of the industrial products company’s stock after selling 248 shares during the quarter. LS Investment Advisors LLC’s holdings in Roper Technologies were worth $7,108,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Central Pacific Bank Trust Division bought a new stake in Roper Technologies during the first quarter worth about $35,000. Empirical Finance LLC grew its stake in Roper Technologies by 3.5% during the first quarter. Empirical Finance LLC now owns 3,827 shares of the industrial products company’s stock worth $2,146,000 after buying an additional 128 shares during the last quarter. Empowered Funds LLC grew its stake in Roper Technologies by 159.1% during the first quarter. Empowered Funds LLC now owns 3,293 shares of the industrial products company’s stock worth $1,847,000 after buying an additional 2,022 shares during the last quarter. Illinois Municipal Retirement Fund grew its stake in Roper Technologies by 82.5% during the first quarter. Illinois Municipal Retirement Fund now owns 7,835 shares of the industrial products company’s stock worth $4,394,000 after buying an additional 3,543 shares during the last quarter. Finally, Avalon Trust Co grew its stake in Roper Technologies by 97.7% during the first quarter. Avalon Trust Co now owns 259 shares of the industrial products company’s stock worth $145,000 after buying an additional 128 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Price Performance

Shares of ROP stock opened at $572.26 on Friday. 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 $507.59 and a 12-month high of $579.10. The firm has a fifty day moving average of $550.83 and a 200-day moving average of $546.24. The firm has a market capitalization of $61.36 billion, a price-to-earnings ratio of 41.86, a price-to-earnings-growth ratio of 2.83 and a beta of 1.03.

Roper Technologies (NYSE:ROP) last posted its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.72 billion. During the same period in the previous year, the firm earned $4.32 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. On average, equities research analysts forecast that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th were paid a $0.75 dividend. The ex-dividend date was Tuesday, October 8th. This represents a $3.00 dividend on an annualized basis and a yield of 0.52%. Roper Technologies’s payout ratio is 21.95%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ROP. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Oppenheimer decreased their price target 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. Jefferies Financial Group increased their price target on shares of Roper Technologies from $625.00 to $635.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Mizuho increased their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Robert W. Baird increased their price target on shares of Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note 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 issued a strong buy rating to the company. According to data from MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and a consensus price target of $620.80.

Insider Buying and Selling at Roper Technologies

In other news, Director Richard F. Wallman sold 1,000 shares of the company’s 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 directly owns 32,955 shares of the company’s stock, valued at $18,125,250. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.87% of the company’s stock.

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.