Roper Technologies, Inc. $ROP Shares Sold by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC cut its position in shares of Roper Technologies, Inc. (NASDAQ:ROP) by 52.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,792 shares of the industrial products company’s stock after selling 45,439 shares during the period. Roper Technologies makes up 3.2% of Mountain Pacific Investment Advisers LLC’s holdings, making the stock its 6th biggest holding. Mountain Pacific Investment Advisers LLC’s holdings in Roper Technologies were worth $20,343,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Asset Dedication LLC lifted its stake in shares of Roper Technologies by 800.0% in the 2nd quarter. Asset Dedication LLC now owns 45 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 40 shares during the last quarter. Vermillion & White Wealth Management Group LLC boosted its position in shares of Roper Technologies by 89.3% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 53 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 25 shares during the period. Quent Capital LLC acquired a new position in Roper Technologies during the third quarter worth $37,000. CoreFirst Bank & Trust purchased a new stake in shares of Roper Technologies in the 2nd quarter valued at $39,000. Finally, J.Safra Asset Management Corp grew its position in Roper Technologies by 222.7% in the 2nd quarter. J.Safra Asset Management Corp now owns 71 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 49 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analysts Set New Price Targets

ROP has been the topic of a number of recent research reports. The Goldman Sachs Group cut their price objective on Roper Technologies from $572.00 to $507.00 and set a “neutral” rating on the stock in a research report on Wednesday, December 17th. TD Cowen cut their target price on Roper Technologies from $650.00 to $625.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Robert W. Baird set a $592.00 price target on shares of Roper Technologies in a research note on Friday, October 24th. Weiss Ratings restated a “hold (c)” rating on shares of Roper Technologies in a research note on Friday, October 31st. Finally, JPMorgan Chase & Co. decreased their price objective on Roper Technologies from $540.00 to $457.00 and set an “underweight” rating for the company in a report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $551.07.

Roper Technologies Trading Up 0.2%

Shares of ROP stock opened at $404.66 on Thursday. The company has a market capitalization of $43.56 billion, a P/E ratio of 27.89, a price-to-earnings-growth ratio of 1.89 and a beta of 0.94. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $440.23 and its two-hundred day moving average is $488.68. Roper Technologies, Inc. has a twelve month low of $399.09 and a twelve month high of $595.17.

Roper Technologies (NASDAQ:ROP) last issued its quarterly earnings results on Thursday, October 23rd. The industrial products company reported $5.14 earnings per share for the quarter, topping the consensus estimate of $5.11 by $0.03. Roper Technologies had a return on equity of 10.92% and a net margin of 20.34%.The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period last year, the company earned $4.62 earnings per share. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. Equities analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 2nd were paid a $0.91 dividend. This is a boost from Roper Technologies’s previous quarterly dividend of $0.83. The ex-dividend date was Friday, January 2nd. This represents a $3.64 annualized dividend and a dividend yield of 0.9%. Roper Technologies’s dividend payout ratio (DPR) is 25.09%.

Insider Activity

In other Roper Technologies news, CEO Laurence Neil Hunn acquired 10,000 shares of the stock in a transaction on Wednesday, November 12th. The shares were bought at an average price of $452.23 per share, with a total value of $4,522,300.00. Following the acquisition, the chief executive officer owned 97,311 shares of the company’s stock, valued at $44,006,953.53. This trade represents a 11.45% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amy Woods Brinkley bought 1,200 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were acquired at an average cost of $450.71 per share, with a total value of $540,852.00. Following the completion of the purchase, the director owned 18,184 shares in the company, valued at approximately $8,195,710.64. This represents a 7.07% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.78% of the stock is owned by insiders.

Roper Technologies Company Profile

Roper Technologies, Inc (NASDAQ: ROP) is a diversified technology company that acquires and manages businesses delivering specialized software, engineered products and data-driven analytics to niche markets. Its subsidiaries develop enterprise and cloud-based software, scientific and analytical instruments, industrial and medical devices, and other applied technologies designed to solve specific operational, regulatory and commercial challenges for customers. The company emphasizes recurring revenue streams from software licenses, subscriptions and service contracts alongside sales of hardware and instruments.

Roper operates a decentralized operating model in which acquired businesses retain entrepreneurial autonomy while benefiting from centralized capital allocation, legal and financial support.