Lansing Management LP Has $15.55 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Lansing Management LP lowered its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 19.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,913 shares of the industrial products company's stock after selling 7,279 shares during the quarter. Roper Technologies comprises approximately 13.7% of Lansing Management LP's investment portfolio, making the stock its 6th largest holding. Lansing Management LP's holdings in Roper Technologies were worth $15,550,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ROP shares. Truist Financial reissued a "buy" rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. JPMorgan Chase & Co. raised their price objective on shares of Roper Technologies from $465.00 to $470.00 and gave the company a "neutral" rating in a research report on Tuesday. Raymond James reiterated a "strong-buy" rating and issued a $655.00 target price on shares of Roper Technologies in a research report on Monday. Stifel Nicolaus reduced their target price on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, Barclays reiterated an "underweight" rating on shares of Roper Technologies in a report on Monday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $620.91.

Insiders Place Their Bets

In other news, VP Brandon L. Cross sold 750 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now directly owns 1,329 shares of the company's stock, valued at $767,936.07. This represents a 36.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was 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 directly owns 31,522 shares in the company, valued at $18,540,925.18. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by company insiders.

Roper Technologies Trading Up 2.0 %

Shares of NYSE:ROP traded up $11.17 during trading on Friday, reaching $568.76. 235,506 shares of the company traded hands, compared to its average volume of 549,740. The firm has a market capitalization of $61.15 billion, a price-to-earnings ratio of 39.70, a P/E/G ratio of 2.77 and a beta of 1.04. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The business's fifty day moving average is $567.24 and its 200-day moving average is $554.72. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last posted 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 firm's revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.41 EPS. As a group, analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently declared 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 dividend yield of 0.58%. The ex-dividend date was Friday, April 4th. Roper Technologies's dividend payout ratio is currently 23.81%.

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.