USS Investment Management Ltd Reduces Position in Roper Technologies, Inc. (NYSE:ROP)

USS Investment Management Ltd trimmed its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,681 shares of the industrial products company's stock after selling 925 shares during the quarter. USS Investment Management Ltd's holdings in Roper Technologies were worth $9,192,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of Roper Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company's stock worth $5,497,467,000 after acquiring an additional 72,503 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in Roper Technologies by 42.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock valued at $2,678,009,000 after purchasing an additional 1,529,716 shares during the period. Geode Capital Management LLC increased its holdings in Roper Technologies by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock valued at $1,284,242,000 after acquiring an additional 29,184 shares during the last quarter. Norges Bank purchased a new stake in shares of Roper Technologies in the fourth quarter worth about $914,052,000. Finally, Invesco Ltd. boosted its stake in Roper Technologies by 2.2% during the fourth quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock valued at $774,687,000 after buying an additional 31,531 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Up 1.1%

ROP stock traded up $6.07 during trading on Tuesday, reaching $573.10. 114,657 shares of the company traded hands, compared to its average volume of 546,724. The business has a 50 day simple moving average of $565.35 and a 200 day simple moving average of $557.26. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month 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 company has a market capitalization of $61.62 billion, a price-to-earnings ratio of 39.98, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08.

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

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.58%. The ex-dividend date was Friday, April 4th. Roper Technologies's dividend payout ratio is currently 23.81%.

Analysts Set New Price Targets

A number of brokerages have issued reports on ROP. Robert W. Baird upped their price objective on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. JPMorgan Chase & Co. increased their price target on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a report on Friday, May 16th. TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Truist Financial reiterated a "buy" rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. Finally, William Blair started coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $632.36.

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.