Dimensional Fund Advisors LP Has $269.53 Million Holdings in Roper Technologies, Inc. $ROP

Dimensional Fund Advisors LP trimmed its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 457,229 shares of the industrial products company's stock after selling 11,610 shares during the quarter. Dimensional Fund Advisors LP owned about 0.43% of Roper Technologies worth $269,532,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. MorganRosel Wealth Management LLC acquired a new position in Roper Technologies during the 1st quarter worth $27,000. Olde Wealth Management LLC bought a new position in shares of Roper Technologies in the first quarter worth about $31,000. Wayfinding Financial LLC acquired a new position in shares of Roper Technologies during the 1st quarter worth about $31,000. Alpine Bank Wealth Management bought a new stake in Roper Technologies during the 1st quarter valued at approximately $34,000. Finally, Putney Financial Group LLC acquired a new stake in Roper Technologies in the 4th quarter valued at approximately $31,000. 93.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on ROP. Oppenheimer reiterated an "outperform" rating and set a $640.00 price target on shares of Roper Technologies in a report on Monday, April 28th. William Blair initiated coverage on shares of Roper Technologies in a research note on Monday, May 5th. They set an "outperform" rating for the company. Royal Bank Of Canada increased their price target on shares of Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Raymond James Financial restated a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Finally, Stifel Nicolaus cut their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $637.40.

Roper Technologies Price Performance

NYSE:ROP opened at $529.64 on Monday. The company has a market capitalization of $57.00 billion, a price-to-earnings ratio of 36.93, a PEG ratio of 2.77 and a beta of 0.99. The company has a 50-day moving average of $554.68 and a 200-day moving average of $564.67. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, topping analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same quarter in the previous year, the business earned $4.48 earnings per share. The company's quarterly revenue was up 13.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, October 3rd. Roper Technologies's dividend payout ratio is 23.19%.

Insiders Place Their Bets

In related news, Director Richard F. Wallman sold 352 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total transaction of $195,800.00. Following the completion of the sale, the director owned 20,510 shares in the company, valued at $11,408,687.50. This trade represents a 1.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total transaction of $846,255.00. Following the transaction, the vice president directly owned 38,932 shares of the company's stock, valued at $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.78% of the company's stock.

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.

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