Janus Henderson Group PLC Cuts Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Janus Henderson Group PLC decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 113,879 shares of the industrial products company's stock after selling 2,065 shares during the quarter. Janus Henderson Group PLC owned about 0.11% of Roper Technologies worth $59,201,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the company. VSM Wealth Advisory LLC purchased a new stake in shares of Roper Technologies in the fourth quarter valued at $26,000. CoreFirst Bank & Trust acquired a new position in shares of Roper Technologies during the 4th quarter worth about $36,000. Parvin Asset Management LLC bought a new stake in Roper Technologies in the 4th quarter valued at $39,000. E Fund Management Hong Kong Co. Ltd. grew its position in Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock worth $40,000 after buying an additional 75 shares in the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of Roper Technologies in the fourth quarter valued at $38,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Price Performance

Shares of ROP traded down $3.14 during mid-day trading on Monday, reaching $579.75. 121,263 shares of the stock traded hands, compared to its average volume of 548,439. The firm has a fifty day moving average price of $565.24 and a 200 day moving average price of $556.53. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The company has a market cap of $62.33 billion, a price-to-earnings ratio of 40.43, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The business's revenue was up 12.0% compared to the same quarter last year. During the same period last year, the company earned $4.41 earnings per share. As a group, equities research analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were paid a $0.825 dividend. The ex-dividend date was Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.57%. Roper Technologies's payout ratio is 23.81%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ROP shares. JPMorgan Chase & Co. upped their target price on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a report on Friday. TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and raised their price objective for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Oppenheimer reiterated an "outperform" rating and issued a $640.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. Truist Financial reiterated a "buy" rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Stifel Nicolaus dropped their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $632.36.

Insiders Place Their Bets

In other news, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the sale, the chief financial officer now owns 31,522 shares in the company, valued at $18,540,925.18. This represents a 8.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.78% of the stock is owned by corporate insiders.

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.