Mn Services Vermogensbeheer B.V. Sells 1,700 Shares of Roper Technologies, Inc. (NYSE:ROP)

Mn Services Vermogensbeheer B.V. lessened its position in Roper Technologies, Inc. (NYSE:ROP) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,145 shares of the industrial products company’s stock after selling 1,700 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Roper Technologies were worth $22,895,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Private Advisor Group LLC grew its stake in shares of Roper Technologies by 0.9% during the first quarter. Private Advisor Group LLC now owns 5,139 shares of the industrial products company’s stock valued at $2,882,000 after buying an additional 48 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Roper Technologies during the first quarter worth $164,000. Central Pacific Bank Trust Division purchased a new stake in shares of Roper Technologies during the first quarter valued at $35,000. BI Asset Management Fondsmaeglerselskab A S grew its holdings in shares of Roper Technologies by 497.6% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,329 shares of the industrial products company’s stock worth $5,232,000 after purchasing an additional 7,768 shares during the last quarter. Finally, Callan Capital LLC purchased a new position in Roper Technologies in the 1st quarter worth about $202,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Up 0.2 %

NYSE:ROP opened at $542.08 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.44 and a current ratio of 0.48. The stock has a market capitalization 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. The company’s 50-day simple moving average is $550.71 and its 200-day simple moving average is $546.05. Roper Technologies, Inc. has a fifty-two week low of $502.06 and a fifty-two week high of $579.10.

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

Roper Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ROP shares. Baird R W raised shares of Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Truist Financial reissued a “buy” rating and issued a $665.00 price objective (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Royal Bank of Canada decreased their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Mizuho increased their price target on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Robert W. Baird lifted their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $620.80.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the business’s 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 of the company’s stock, valued at approximately $18,125,250. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.