Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. has reduced its holdings in Roper Technologies by 0.8%, now owning approximately 1.38% of the company, valued at around $871.7 million.
• Roper Technologies is receiving varied analyst attention, with price targets ranging from $600.00 to $655.00, indicating a consensus rating of "Moderate Buy."
• The company recently announced a quarterly dividend of $0.825, reflecting a yield of 0.6% and a lower payout ratio of 23.19%.

Invesco Ltd. decreased its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,478,585 shares of the industrial products company's stock after selling 11,627 shares during the quarter. Invesco Ltd. owned about 1.38% of Roper Technologies worth $871,744,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in ROP. Brighton Jones LLC bought a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $203,000. Federated Hermes Inc. lifted its stake in Roper Technologies by 15.9% in the 4th quarter. Federated Hermes Inc. now owns 5,421 shares of the industrial products company's stock worth $2,818,000 after acquiring an additional 742 shares in the last quarter. FMR LLC raised its stake in shares of Roper Technologies by 8.3% during the 4th quarter. FMR LLC now owns 391,120 shares of the industrial products company's stock worth $203,324,000 after purchasing an additional 29,880 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of Roper Technologies in the 4th quarter valued at approximately $14,296,000. Finally, CenterBook Partners LP bought a new position in shares of Roper Technologies in the 4th quarter valued at approximately $791,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Analysts Set New Price Targets

ROP has been the topic of several recent analyst reports. Mizuho set a $600.00 price target on Roper Technologies in a research note on Friday, May 16th. Raymond James Financial reissued a "strong-buy" rating and issued a $655.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Barclays reissued an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. William Blair assumed coverage on Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating for the company. Finally, JPMorgan Chase & Co. boosted their price target on Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. One research 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 stock. According to data from MarketBeat.com, Roper Technologies has a consensus rating of "Moderate Buy" and an average price target of $637.18.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the transaction, 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 Securities & Exchange Commission, which is available through this link. Also, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction on 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 owned 38,932 shares in the company, valued at $21,964,266.44. The trade was a 3.71% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.78% of the company's stock.

Roper Technologies Stock Down 0.4%

Roper Technologies stock opened at $534.38 on Friday. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The company has a market capitalization of $57.51 billion, a PE ratio of 37.26, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99. 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 50 day moving average price of $559.10 and a 200 day moving average price of $565.23.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its earnings results on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, beating 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 period in the previous year, the business posted $4.48 EPS. The firm's quarterly revenue was up 13.2% on a year-over-year basis. Research analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

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

Roper Technologies Company 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.

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