4,095 Shares in Roper Technologies, Inc. $ROP Purchased by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management acquired 4,095 shares of Roper Technologies during the third quarter, worth approximately $1.43 million. Institutional investors own 93.31% of the company’s outstanding stock.
• Roper reported quarterly EPS of $5.89, exceeding estimates of $5.79, while revenue rose 7.7% year over year to $2.17 billion. The company also pays a quarterly dividend of $0.91 per share, yielding about 0.8%.
• ROP shares opened at $449.65, near their 52-week high of $455.80. Analyst sentiment is mixed, with an overall “Hold” rating and an average price target of $469.41.

Generali Asset Management SPA SGR acquired a new stake in shares of Roper Technologies, Inc. (NASDAQ:ROP - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,095 shares of the industrial products company's stock, valued at approximately $1,431,000.

Other institutional investors also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Roper Technologies in the 2nd quarter valued at $3,346,912,000. Wellington Management Group LLP bought a new position in shares of Roper Technologies in the 2nd quarter worth $890,328,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Roper Technologies by 206.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,339,710 shares of the industrial products company's stock worth $474,070,000 after purchasing an additional 903,223 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Roper Technologies by 6.1% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,367,260 shares of the industrial products company's stock worth $462,667,000 after purchasing an additional 78,713 shares during the last quarter. Finally, Flossbach Von Storch SE bought a new stake in Roper Technologies during the second quarter valued at about $448,321,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Roper Technologies news, EVP Jason Conley sold 12,000 shares of Roper Technologies stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $435.53, for a total transaction of $5,226,360.00. Following the completion of the sale, the executive vice president owned 28,457 shares of the company's stock, valued at approximately $12,393,877.21. The trade was a 29.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP John Stipancich sold 3,500 shares of the business's stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $449.04, for a total value of $1,571,640.00. Following the sale, the executive vice president owned 35,434 shares in the company, valued at approximately $15,911,283.36. The trade was a 8.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.80% of the stock is owned by insiders.

Roper Technologies Stock Up 2.0%

ROP stock opened at $449.65 on Friday. The firm has a 50 day moving average of $391.22 and a 200 day moving average of $365.38. The stock has a market capitalization of $44.47 billion, a PE ratio of 17.74, a price-to-earnings-growth ratio of 2.19 and a beta of 0.75. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 0.43. Roper Technologies, Inc. has a 52 week low of $305.96 and a 52 week high of $455.80.

Roper Technologies (NASDAQ:ROP - Get Free Report) last released its earnings results on Thursday, October 22nd. The industrial products company reported $5.89 earnings per share for the quarter, topping the consensus estimate of $5.79 by $0.10. Roper Technologies had a net margin of 30.71% and a return on equity of 11.64%. The company had revenue of $2.17 billion for the quarter. During the same period in the prior year, the firm posted $5.14 EPS. The firm's revenue for the quarter was up 7.7% on a year-over-year basis. Sell-side analysts forecast that Roper Technologies, Inc. will post 22.38 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 21st. Stockholders of record on Friday, October 2nd were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.8%. Roper Technologies's payout ratio is 14.36%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. The Goldman Sachs Group reduced their target price on shares of Roper Technologies from $414.00 to $410.00 and set a "neutral" rating for the company in a report on Friday, July 24th. Weiss Ratings upgraded shares of Roper Technologies from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, October 20th. Truist Financial lifted their price objective on shares of Roper Technologies from $475.00 to $500.00 and gave the stock a "buy" rating in a research report on Friday, October 23rd. Raymond James Financial lowered shares of Roper Technologies from a "strong-buy" rating to a "market perform" rating in a research note on Wednesday, July 22nd. Finally, Citigroup increased their target price on shares of Roper Technologies from $450.00 to $525.00 and gave the company a "buy" rating in a research report on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Roper Technologies presently has an average rating of "Hold" and an average price target of $469.41.

About Roper Technologies

Roper Technologies, Inc is a diversified technology company that develops and acquires businesses serving specialized markets. Its portfolio includes application software, network software and technology-enabled products used by businesses, healthcare organizations, government agencies and other institutions.

The company's software businesses provide solutions for areas such as education administration, healthcare information management, enterprise asset management, compliance, legal and construction workflows, and financial services.

Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NASDAQ:ROP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.