Federated Hermes Inc. Sells 821 Shares of Roper Technologies, Inc. (NYSE:ROP)

Federated Hermes Inc. lowered its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 15.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,600 shares of the industrial products company's stock after selling 821 shares during the period. Federated Hermes Inc.'s holdings in Roper Technologies were worth $2,712,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Kirtland Hills Capital Management LLC grew its holdings in shares of Roper Technologies by 0.7% in the 1st quarter. Kirtland Hills Capital Management LLC now owns 3,355 shares of the industrial products company's stock valued at $1,870,000 after buying an additional 22 shares during the period. Meeder Advisory Services Inc. increased its stake in Roper Technologies by 23.4% during the 1st quarter. Meeder Advisory Services Inc. now owns 3,112 shares of the industrial products company's stock worth $1,835,000 after purchasing an additional 591 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC acquired a new stake in shares of Roper Technologies in the 1st quarter valued at about $229,000. Picton Mahoney Asset Management lifted its holdings in shares of Roper Technologies by 2.9% in the first quarter. Picton Mahoney Asset Management now owns 19,275 shares of the industrial products company's stock valued at $11,362,000 after purchasing an additional 547 shares in the last quarter. Finally, First National Advisers LLC grew its holdings in shares of Roper Technologies by 3.2% during the first quarter. First National Advisers LLC now owns 2,766 shares of the industrial products company's stock worth $1,631,000 after buying an additional 85 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Price Performance

Roper Technologies stock traded up $3.91 during midday trading on Wednesday, reaching $541.84. 493,715 shares of the stock were exchanged, compared to its average volume of 616,324. 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. The firm has a market cap of $58.26 billion, a PE ratio of 37.79, a PEG ratio of 2.77 and a beta of 0.99. The company's fifty day moving average is $560.90 and its 200-day moving average is $565.05.

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

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors 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%. Roper Technologies's payout ratio is 23.19%.

Wall Street Analysts Forecast Growth

ROP has been the subject of several research reports. Truist Financial raised their price target on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Raymond James Financial restated a "strong-buy" rating and issued a $655.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Robert W. Baird boosted their price target on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Mizuho set a $600.00 price target on shares of Roper Technologies in a research note on Friday, May 16th. Finally, Oppenheimer restated an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Roper Technologies has an average rating of "Moderate Buy" and an average price target of $637.18.

Insider Buying and Selling

In other news, Director Richard F. Wallman sold 352 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The stock was 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 of the company's stock, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total value of $846,255.00. Following the transaction, the vice president owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their position. The disclosure for this sale can be found here. 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.