Man Group plc Decreases Holdings in Roper Technologies, Inc. (NYSE:ROP)

Man Group plc decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 20.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,828 shares of the industrial products company's stock after selling 9,758 shares during the quarter. Man Group plc's holdings in Roper Technologies were worth $20,185,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Nissay Asset Management Corp Japan ADV lifted its holdings in Roper Technologies by 5.1% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 24,276 shares of the industrial products company's stock worth $12,718,000 after buying an additional 1,187 shares during the period. Nomura Holdings Inc. increased its position in Roper Technologies by 40.0% in the 4th quarter. Nomura Holdings Inc. now owns 16,078 shares of the industrial products company's stock valued at $8,358,000 after buying an additional 4,592 shares in the last quarter. NorthRock Partners LLC increased its position in Roper Technologies by 68.7% in the 4th quarter. NorthRock Partners LLC now owns 1,076 shares of the industrial products company's stock valued at $559,000 after buying an additional 438 shares in the last quarter. Occudo Quantitative Strategies LP bought a new stake in Roper Technologies in the 4th quarter valued at about $1,889,000. Finally, OMERS ADMINISTRATION Corp increased its position in Roper Technologies by 336.9% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 16,146 shares of the industrial products company's stock valued at $8,393,000 after buying an additional 12,450 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Insider Buying and Selling

In other news, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction 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 completion of the sale, the chief financial officer now owns 31,522 shares of the company's stock, valued at $18,540,925.18. The trade was a 8.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.78% of the stock is owned by insiders.

Roper Technologies Stock Performance

Shares of NYSE:ROP traded down $2.26 during trading on Tuesday, hitting $578.21. 460,213 shares of the company were exchanged, compared to its average volume of 548,795. The company has a market cap of $62.17 billion, a PE ratio of 40.32, a P/E/G ratio of 2.77 and a beta of 1.08. The stock has a 50 day moving average of $565.52 and a 200 day moving average of $556.80. 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 current ratio of 0.40 and a quick ratio of 0.37.

Roper Technologies (NYSE:ROP - Get Free Report) last released its earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, beating analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The company'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, equities research analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were paid a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. Roper Technologies's dividend payout ratio (DPR) is currently 23.81%.

Analysts Set New Price Targets

A number of analysts have commented on ROP shares. Raymond James reissued a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Oppenheimer reissued an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Truist Financial restated a "buy" rating and issued a $675.00 target price (up previously from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Robert W. Baird boosted their target price on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. upped their price objective on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies has a consensus rating of "Moderate Buy" and a consensus target price 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.