AMI Asset Management Corp Has $921,000 Stock Position in Roper Technologies, Inc. (NYSE:ROP)

AMI Asset Management Corp lessened its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,771 shares of the industrial products company’s stock after selling 60 shares during the quarter. AMI Asset Management Corp’s holdings in Roper Technologies were worth $921,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. 3Chopt Investment Partners LLC acquired a new stake in Roper Technologies during the 2nd quarter valued at $220,000. AE Wealth Management LLC boosted its holdings in shares of Roper Technologies by 64.8% during the 2nd quarter. AE Wealth Management LLC now owns 816 shares of the industrial products company’s stock worth $460,000 after buying an additional 321 shares during the period. Sei Investments Co. grew its stake in Roper Technologies by 55.4% in the 2nd quarter. Sei Investments Co. now owns 45,702 shares of the industrial products company’s stock valued at $25,759,000 after buying an additional 16,288 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in Roper Technologies by 11.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 7,341 shares of the industrial products company’s stock valued at $4,138,000 after acquiring an additional 756 shares during the period. Finally, Frank Rimerman Advisors LLC lifted its position in Roper Technologies by 13,928.6% during the second quarter. Frank Rimerman Advisors LLC now owns 982 shares of the industrial products company’s stock worth $554,000 after acquiring an additional 975 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total value of $550,000.00. Following the sale, the director now owns 32,955 shares in the company, valued at $18,125,250. This trade represents a 2.95 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.87% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on ROP. Truist Financial reaffirmed a “buy” rating and issued a $665.00 target price (up previously from $660.00) on shares of Roper Technologies in a research report on Thursday, October 24th. Robert W. Baird upped their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Royal Bank of Canada dropped their target price on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Mizuho upped their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Oppenheimer started coverage on shares of Roper Technologies in a research note on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $623.33.

Roper Technologies Trading Up 0.6 %

Shares of Roper Technologies stock opened at $522.32 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $580.09. The company has a market capitalization of $56.01 billion, a price-to-earnings ratio of 38.21, a PEG ratio of 2.49 and a beta of 1.04. The firm’s 50-day moving average price is $537.92 and its two-hundred day moving average price is $545.52.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.53 by $0.09. The business had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.72 billion. Roper Technologies had a net margin of 21.78% and a return on equity of 10.73%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $4.32 EPS. On average, analysts forecast that Roper Technologies, Inc. will post 18.29 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid a $0.825 dividend. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.63%. Roper Technologies’s dividend payout ratio (DPR) is presently 24.14%.

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.