Janus Henderson Group PLC Sells 2,065 Shares of Roper Technologies, Inc. (NYSE:ROP)

Janus Henderson Group PLC cut its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,879 shares of the industrial products company’s stock after selling 2,065 shares during the quarter. Janus Henderson Group PLC owned approximately 0.11% of Roper Technologies worth $59,201,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ROP. Norges Bank purchased a new stake in Roper Technologies during the fourth quarter valued at about $914,052,000. T. Rowe Price Investment Management Inc. lifted its holdings in Roper Technologies by 42.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company’s stock valued at $2,678,009,000 after purchasing an additional 1,529,716 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Roper Technologies by 54.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company’s stock valued at $531,633,000 after purchasing an additional 360,632 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Roper Technologies during the fourth quarter valued at about $148,070,000. Finally, Proficio Capital Partners LLC lifted its holdings in Roper Technologies by 59,278.6% during the fourth quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company’s stock valued at $145,697,000 after purchasing an additional 279,795 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,540,925.18. This trade represents a 8.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.78% of the company’s stock.

Roper Technologies Stock Up 0.2%

ROP stock opened at $577.07 on Wednesday. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average is $565.38 and its 200 day moving average is $555.83. The stock has a market cap of $62.04 billion, a price-to-earnings ratio of 40.24, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $4.41 EPS. Sell-side analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Friday, April 4th. Roper Technologies’s payout ratio is currently 23.81%.

Analysts Set New Price Targets

ROP has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on shares of Roper Technologies from $465.00 to $470.00 and gave the company a “neutral” rating in a report on Tuesday, April 29th. Barclays reissued an “underweight” rating on shares of Roper Technologies in a report on Monday, April 28th. Truist Financial reissued a “buy” rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Oppenheimer reissued an “outperform” rating and issued a $640.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Finally, TD Cowen raised shares of Roper Technologies from a “hold” rating to a “buy” rating and increased their price target for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $620.91.

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.