Driehaus Capital Management LLC Sells 518 Shares of Roper Technologies, Inc. (NYSE:ROP)

Driehaus Capital Management LLC cut its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 41.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 734 shares of the industrial products company's stock after selling 518 shares during the quarter. Driehaus Capital Management LLC's holdings in Roper Technologies were worth $382,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ROP. Signal Advisors Wealth LLC lifted its holdings in shares of Roper Technologies by 42.0% during the 4th quarter. Signal Advisors Wealth LLC now owns 5,816 shares of the industrial products company's stock valued at $3,023,000 after buying an additional 1,719 shares during the period. Plato Investment Management Ltd lifted its holdings in shares of Roper Technologies by 41.4% during the 4th quarter. Plato Investment Management Ltd now owns 4,036 shares of the industrial products company's stock valued at $2,106,000 after buying an additional 1,182 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Roper Technologies by 20.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,353 shares of the industrial products company's stock valued at $25,656,000 after buying an additional 8,415 shares during the period. Smith Salley Wealth Management lifted its holdings in shares of Roper Technologies by 1.4% during the 4th quarter. Smith Salley Wealth Management now owns 34,866 shares of the industrial products company's stock valued at $18,125,000 after buying an additional 481 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of Roper Technologies by 19.3% during the 4th quarter. Oppenheimer & Co. Inc. now owns 6,298 shares of the industrial products company's stock valued at $3,274,000 after buying an additional 1,021 shares during the period. 93.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on ROP. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and increased their price target for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. JPMorgan Chase & Co. raised their target price on Roper Technologies from $465.00 to $470.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. Royal Bank of Canada raised their target price on Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Truist Financial reaffirmed a "buy" rating and issued a $675.00 target price (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Raymond James reaffirmed a "strong-buy" rating and issued a $655.00 target price on shares of Roper Technologies in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Roper Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $620.91.

Insider Buying and Selling

In related news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,540,925.18. This trade represents a 8.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.78% of the stock is currently owned by company insiders.

Roper Technologies Price Performance

ROP stock traded down $11.13 during trading on Wednesday, reaching $565.94. The company's stock had a trading volume of 623,069 shares, compared to its average volume of 552,248. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The company's fifty day moving average is $565.38 and its 200-day moving average is $555.83. The company has a market capitalization of $60.85 billion, a P/E ratio of 39.47, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. During the same period in the previous year, the business earned $4.41 EPS. The firm's revenue was up 12.0% on a year-over-year basis. On average, research analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were issued a $0.825 dividend. The ex-dividend date was Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. Roper Technologies's dividend payout ratio (DPR) is 23.81%.

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.