Amalgamated Bank Cuts Position in Roper Technologies, Inc. (NYSE:ROP)

Amalgamated Bank reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 21,043 shares of the industrial products company’s stock after selling 560 shares during the period. Amalgamated Bank’s holdings in Roper Technologies were worth $11,709,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. New Covenant Trust Company N.A. acquired a new position in Roper Technologies during the first quarter worth about $25,000. Fairscale Capital LLC purchased a new position in Roper Technologies in the 2nd quarter valued at approximately $28,000. Fortitude Family Office LLC purchased a new position in Roper Technologies in the 3rd quarter valued at approximately $28,000. Versant Capital Management Inc boosted its position in Roper Technologies by 58.8% during the second quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 20 shares in the last quarter. Finally, Valley Wealth Managers Inc. acquired a new stake in Roper Technologies in the second quarter valued at $31,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Trading Up 0.1 %

NYSE ROP opened at $542.70 on Wednesday. The company has a market cap of $58.19 billion, a P/E ratio of 39.70, a P/E/G ratio of 2.82 and a beta of 1.03. Roper Technologies, Inc. has a 12 month low of $502.06 and a 12 month high of $579.10. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The company has a 50-day moving average of $550.54 and a 200-day moving average of $546.11.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, topping the consensus estimate of $4.53 by $0.09. The firm had revenue of $1.75 billion during 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%. Roper Technologies’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.32 earnings per share. As a group, equities analysts predict that Roper Technologies, Inc. will post 18.24 earnings per share for the current year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, October 8th. This represents a $3.00 annualized dividend and a yield of 0.55%. Roper Technologies’s dividend payout ratio is presently 21.95%.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 1,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $550.00, for a total transaction of $550,000.00. Following the completion of the sale, the director now owns 32,955 shares of the company’s stock, valued at approximately $18,125,250. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ROP. Truist Financial reaffirmed a “buy” rating and set a $665.00 price target (up previously from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Oppenheimer reduced their price target on shares of Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a report on Thursday, July 25th. Robert W. Baird raised their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Mizuho upped their target price on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada dropped their price target on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and an average target price of $620.80.

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.