Atlantic Trust Group LLC grew its holdings in shares of Roper Technologies Inc (NYSE:ROP) by 6.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 84,282 shares of the industrial products company’s stock after buying an additional 4,841 shares during the quarter. Atlantic Trust Group LLC owned 0.08% of Roper Technologies worth $20,515,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ROP. Vanguard Group Inc. lifted its position in shares of Roper Technologies by 3.4% during the second quarter. Vanguard Group Inc. now owns 10,856,231 shares of the industrial products company’s stock worth $2,513,543,000 after purchasing an additional 354,064 shares in the last quarter. Harding Loevner LP lifted its position in shares of Roper Technologies by 293.8% during the third quarter. Harding Loevner LP now owns 5,925,422 shares of the industrial products company’s stock worth $358,642,000 after purchasing an additional 4,420,649 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Roper Technologies by 3.0% during the second quarter. Principal Financial Group Inc. now owns 1,944,790 shares of the industrial products company’s stock worth $450,277,000 after purchasing an additional 57,035 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Roper Technologies by 0.8% during the third quarter. American Century Companies Inc. now owns 1,292,795 shares of the industrial products company’s stock worth $314,666,000 after purchasing an additional 10,548 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of Roper Technologies by 0.5% during the second quarter. Northern Trust Corp now owns 1,096,562 shares of the industrial products company’s stock worth $253,887,000 after purchasing an additional 5,279 shares in the last quarter. Institutional investors own 93.46% of the company’s stock.

ROP has been the topic of a number of recent research reports. 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 stock from $223.00 to $275.00 in a research report on Wednesday, September 20th. Zacks Investment Research raised shares of Roper Technologies from a “hold” rating to a “buy” rating and set a $273.00 target price on the stock in a research report on Monday, October 2nd. Cowen reissued a “buy” rating and set a $250.00 target price on shares of Roper Technologies in a research report on Thursday, October 12th. Oppenheimer reissued a “buy” rating on shares of Roper Technologies in a research report on Monday, October 30th. Finally, Royal Bank of Canada upped their price target on shares of Roper Technologies from $259.00 to $282.00 and gave the company an “outperform” rating in a report on Tuesday, October 31st. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Roper Technologies has an average rating of “Buy” and a consensus target price of $253.67.

Shares of Roper Technologies Inc (NYSE ROP) opened at $259.53 on Friday. The stock has a market cap of $26,448.35, a price-to-earnings ratio of 37.67, a P/E/G ratio of 2.25 and a beta of 1.06. Roper Technologies Inc has a twelve month low of $182.03 and a twelve month high of $267.83. The company has a quick ratio of 0.94, a current ratio of 1.07 and a debt-to-equity ratio of 0.76.

Roper Technologies (NYSE:ROP) last issued its earnings results on Monday, October 30th. The industrial products company reported $2.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.06. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Roper Technologies had a net margin of 16.17% and a return on equity of 14.47%. The firm’s revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.65 earnings per share. equities analysts predict that Roper Technologies Inc will post 9.31 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be issued a dividend of $0.4125 per share. This represents a $1.65 dividend on an annualized basis and a dividend yield of 0.64%. This is a boost from Roper Technologies’s previous quarterly dividend of $0.35. The ex-dividend date is Monday, January 8th. Roper Technologies’s dividend payout ratio is 20.32%.

In other Roper Technologies news, Director Robert E. Knowling, Jr. sold 4,000 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $259.51, for a total transaction of $1,038,040.00. Following the sale, the director now directly owns 14,038 shares of the company’s stock, valued at $3,643,001.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian D. Jellison sold 81,500 shares of the stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $259.63, for a total transaction of $21,159,845.00. Following the sale, the chief executive officer now directly owns 1,448,575 shares in the company, valued at $376,093,527.25. The disclosure for this sale can be found here. Insiders have sold 86,950 shares of company stock worth $22,574,581 over the last three months. 2.50% of the stock is owned by corporate insiders.

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Roper Technologies Company Profile

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

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