4,095 Shares in Roper Technologies, Inc. $ROP Purchased by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR acquired a new position in Roper Technologies, Inc. (NASDAQ:ROP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,095 shares of the industrial products company’s stock, valued at approximately $1,431,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ROP. Asset Management One Co. Ltd. grew its position in Roper Technologies by 1.9% during the third quarter. Asset Management One Co. Ltd. now owns 50,405 shares of the industrial products company’s stock valued at $17,612,000 after buying an additional 962 shares during the period. Abundance Wealth Counselors increased its holdings in Roper Technologies by 7.8% in the third quarter. Abundance Wealth Counselors now owns 4,016 shares of the industrial products company’s stock valued at $1,403,000 after buying an additional 290 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of Roper Technologies by 11.1% in the third quarter. Park Avenue Securities LLC now owns 1,667 shares of the industrial products company’s stock worth $583,000 after acquiring an additional 166 shares during the period. Verdence Capital Advisors LLC acquired a new position in shares of Roper Technologies in the third quarter worth about $585,000. Finally, CX Institutional purchased a new stake in shares of Roper Technologies during the 3rd quarter worth about $451,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analysts Set New Price Targets

ROP has been the topic of a number of analyst reports. Jefferies Financial Group raised their target price on Roper Technologies from $500.00 to $540.00 and gave the company a “buy” rating in a research report on Thursday, October 22nd. Weiss Ratings raised Roper Technologies from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, October 20th. Piper Sandler lowered their price target on Roper Technologies from $540.00 to $526.00 and set an “overweight” rating on the stock in a research report on Friday, July 24th. BMO Capital Markets reissued a “market perform” rating and issued a $462.00 price objective (up from $393.00) on shares of Roper Technologies in a report on Friday, October 23rd. Finally, Raymond James Financial lowered Roper Technologies from a “strong-buy” rating to a “market perform” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $469.41.

Roper Technologies Stock Up 2.0%

ROP stock opened at $449.65 on Friday. The stock has a market capitalization of $44.47 billion, a P/E ratio of 17.74, a P/E/G ratio of 2.19 and a beta of 0.75. The firm has a 50-day simple moving average of $391.22 and a 200-day simple moving average of $365.38. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 0.43. Roper Technologies, Inc. has a 52 week low of $305.96 and a 52 week high of $455.80.

Roper Technologies (NASDAQ:ROP) last issued its quarterly earnings results on Thursday, October 22nd. The industrial products company reported $5.89 earnings per share for the quarter, beating analysts’ consensus estimates of $5.79 by $0.10. The firm had revenue of $2.17 billion for the quarter. Roper Technologies had a net margin of 30.71% and a return on equity of 11.64%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $5.14 earnings per share. Equities analysts forecast that Roper Technologies, Inc. will post 22.38 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 21st. Shareholders of record on Friday, October 2nd were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.8%. Roper Technologies’s dividend payout ratio is presently 14.36%.

Insider Buying and Selling

In other news, EVP Jason Conley sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $435.53, for a total value of $5,226,360.00. Following the transaction, the executive vice president owned 28,457 shares in the company, valued at $12,393,877.21. This trade represents a 29.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John Stipancich sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $449.04, for a total value of $1,571,640.00. Following the completion of the transaction, the executive vice president owned 35,434 shares in the company, valued at approximately $15,911,283.36. This trade represents a 8.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.80% of the stock is owned by corporate insiders.

Roper Technologies Company Profile

Roper Technologies, Inc is a diversified technology company that develops and acquires businesses serving specialized markets. Its portfolio includes application software, network software and technology-enabled products used by businesses, healthcare organizations, government agencies and other institutions.

The company’s software businesses provide solutions for areas such as education administration, healthcare information management, enterprise asset management, compliance, legal and construction workflows, and financial services.