Ardevora Asset Management LLP raised its stake in Roper Technologies, Inc. (NYSE:ROP) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 163,200 shares of the industrial products company’s stock after purchasing an additional 4,400 shares during the period. Roper Technologies accounts for approximately 1.2% of Ardevora Asset Management LLP’s investment portfolio, making the stock its 14th biggest position. Ardevora Asset Management LLP owned approximately 0.16% of Roper Technologies worth $39,723,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its holdings in shares of Roper Technologies by 26.8% in the second quarter. Parallel Advisors LLC now owns 502 shares of the industrial products company’s stock valued at $117,000 after purchasing an additional 106 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Roper Technologies by 34.8% in the second quarter. Tower Research Capital LLC TRC now owns 589 shares of the industrial products company’s stock valued at $136,000 after acquiring an additional 152 shares during the period. Sun Life Financial INC boosted its position in shares of Roper Technologies by 6,690.9% in the second quarter. Sun Life Financial INC now owns 747 shares of the industrial products company’s stock valued at $173,000 after acquiring an additional 736 shares during the period. Creative Planning boosted its position in shares of Roper Technologies by 12.7% in the second quarter. Creative Planning now owns 807 shares of the industrial products company’s stock valued at $187,000 after acquiring an additional 91 shares during the period. Finally, Westwood Holdings Group Inc. bought a new stake in shares of Roper Technologies in the second quarter valued at about $190,000. Hedge funds and other institutional investors own 93.88% of the company’s stock.

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In other news, Director Christopher Wright sold 250 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $258.64, for a total value of $64,660.00. Following the completion of the transaction, the director now owns 64,450 shares of the company’s stock, valued at $16,669,348. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert E. Knowling, Jr. sold 4,000 shares of the stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $259.51, for a total transaction of $1,038,040.00. Following the completion of the transaction, the director now directly owns 14,038 shares of the company’s stock, valued at approximately $3,643,001.38. The disclosure for this sale can be found here. Insiders sold 10,750 shares of company stock valued at $2,681,690 in the last three months. Company insiders own 2.50% of the company’s stock.

A number of equities research analysts have recently issued reports on the stock. Oppenheimer Holdings, Inc. boosted their target price on shares of Roper Technologies from $257.00 to $275.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. Cowen and Company reissued a “buy” rating and issued a $250.00 target price on shares of Roper Technologies in a research report on Thursday, October 12th. Royal Bank Of Canada boosted their target price on shares of Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. J P Morgan Chase & Co raised shares of Roper Technologies from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $223.00 to $275.00 in a research report on Wednesday, September 20th. Finally, BidaskClub cut shares of Roper Technologies from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Roper Technologies has a consensus rating of “Buy” and an average price target of $253.67.

Roper Technologies, Inc. (ROP) traded down $2.16 on Tuesday, reaching $256.04. 443,700 shares of the company traded hands, compared to its average volume of 432,284. Roper Technologies, Inc. has a 1-year low of $178.19 and a 1-year high of $261.37. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.07 and a quick ratio of 0.94. The company has a market capitalization of $26,060.00, a PE ratio of 30.13, a price-to-earnings-growth ratio of 2.25 and a beta of 1.05.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Monday, October 30th. The industrial products company reported $2.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.30 by $0.06. Roper Technologies had a net margin of 16.17% and a return on equity of 14.47%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the prior year, the business posted $1.65 earnings per share. Roper Technologies’s revenue was up 23.7% compared to the same quarter last year. sell-side analysts anticipate that Roper Technologies, Inc. will post 9.31 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, October 6th were issued a $0.35 dividend. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.55%. Roper Technologies’s dividend payout ratio (DPR) is currently 20.35%.

About Roper Technologies

Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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