abrdn plc Has $24.20 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

abrdn plc lessened its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 6.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 44,387 shares of the industrial products company’s stock after selling 3,125 shares during the period. abrdn plc’s holdings in Roper Technologies were worth $24,198,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Beaumont Financial Advisors LLC lifted its position in shares of Roper Technologies by 2.5% during the 4th quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company’s stock worth $454,000 after purchasing an additional 20 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Roper Technologies by 0.6% during the 3rd quarter. UMB Bank n.a. now owns 3,437 shares of the industrial products company’s stock worth $1,664,000 after purchasing an additional 21 shares during the last quarter. NorthRock Partners LLC lifted its position in shares of Roper Technologies by 1.7% during the 3rd quarter. NorthRock Partners LLC now owns 1,223 shares of the industrial products company’s stock worth $592,000 after purchasing an additional 21 shares during the last quarter. Jacobi Capital Management LLC lifted its position in shares of Roper Technologies by 0.5% during the 3rd quarter. Jacobi Capital Management LLC now owns 4,193 shares of the industrial products company’s stock worth $2,030,000 after purchasing an additional 21 shares during the last quarter. Finally, Chicago Partners Investment Group LLC lifted its position in shares of Roper Technologies by 0.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,310 shares of the industrial products company’s stock worth $1,582,000 after purchasing an additional 22 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Raymond James upped their price target on Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. Mizuho upped their price target on Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Royal Bank of Canada upped their price target on Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. TD Cowen cut Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target for the company. in a report on Thursday, January 4th. Finally, Barclays increased their target price on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $574.58.

Insider Activity

In other news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction on Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the completion of the sale, the director now directly owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.94% of the company’s stock.

Roper Technologies Trading Up 0.1 %

ROP stock opened at $539.62 on Wednesday. The business has a fifty day moving average price of $545.66 and a 200 day moving average price of $533.09. Roper Technologies, Inc. has a fifty-two week low of $430.03 and a fifty-two week high of $565.00. The stock has a market capitalization of $57.75 billion, a price-to-earnings ratio of 41.86, a P/E/G ratio of 2.84 and a beta of 0.99. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.03. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the firm posted $3.92 EPS. The business’s revenue was up 12.7% on a year-over-year basis. Analysts expect that Roper Technologies, Inc. will post 18.08 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were paid a $0.75 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.00 annualized dividend and a dividend yield of 0.56%. Roper Technologies’s dividend payout ratio (DPR) is currently 23.27%.

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.