EP Wealth Advisors LLC Has $299,000 Stake in Roper Technologies, Inc. (NYSE:ROP)

EP Wealth Advisors LLC lowered its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 5.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 538 shares of the industrial products company’s stock after selling 32 shares during the quarter. EP Wealth Advisors LLC’s holdings in Roper Technologies were worth $299,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wellington Management Group LLP lifted its stake in Roper Technologies by 87.8% in the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock valued at $410,977,000 after buying an additional 345,268 shares in the last quarter. Loomis Sayles & Co. L P raised its holdings in shares of Roper Technologies by 25.8% during the third quarter. Loomis Sayles & Co. L P now owns 648,427 shares of the industrial products company’s stock worth $360,811,000 after acquiring an additional 132,913 shares during the period. State Street Corp lifted its position in Roper Technologies by 2.9% in the 3rd quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock valued at $2,632,199,000 after acquiring an additional 132,575 shares in the last quarter. American Century Companies Inc. boosted its stake in Roper Technologies by 24.4% in the 2nd quarter. American Century Companies Inc. now owns 605,769 shares of the industrial products company’s stock worth $341,448,000 after purchasing an additional 118,971 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its holdings in Roper Technologies by 37.4% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 427,943 shares of the industrial products company’s stock worth $238,125,000 after purchasing an additional 116,523 shares in the last quarter. 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 company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the transaction, the director now owns 32,955 shares in the company, valued at approximately $18,125,250. This represents a 2.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Barclays restated an “underweight” rating and issued a $569.00 price target (down from $625.00) on shares of Roper Technologies in a report on Thursday, December 5th. Royal Bank of Canada cut their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Mizuho lifted their price objective on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Truist Financial restated a “buy” rating and set a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a report on Thursday, October 24th. Finally, Robert W. Baird raised their target price 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $615.20.

Roper Technologies Stock Performance

Shares of ROP opened at $543.66 on Friday. The company has a market cap of $58.30 billion, a PE ratio of 39.77, a price-to-earnings-growth ratio of 2.87 and a beta of 1.02. The firm has a 50-day moving average of $554.11 and a 200-day moving average of $551.55. Roper Technologies, Inc. has a one year low of $508.22 and a one year high of $580.09. 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 quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping analysts’ consensus estimates of $4.53 by $0.09. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. Roper Technologies’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company posted $4.32 earnings per share. As a group, equities analysts forecast that Roper Technologies, Inc. will post 18.26 earnings per share for the current year.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date is Friday, January 3rd. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s dividend payout ratio is 21.95%.

About Roper Technologies

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.