Roper Technologies, Inc. (NYSE:ROP) Shares Sold by SFE Investment Counsel

SFE Investment Counsel cut its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,664 shares of the industrial products company’s stock after selling 50 shares during the quarter. SFE Investment Counsel’s holdings in Roper Technologies were worth $4,723,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tilt Investment Management Holdings PBC purchased a new stake in shares of Roper Technologies during the fourth quarter worth approximately $238,000. NBW Capital LLC lifted its position in Roper Technologies by 11.6% during the fourth quarter. NBW Capital LLC now owns 14,201 shares of the industrial products company’s stock worth $7,742,000 after buying an additional 1,481 shares during the period. Twin Capital Management Inc. raised its holdings in shares of Roper Technologies by 5.0% in the 4th quarter. Twin Capital Management Inc. now owns 1,084 shares of the industrial products company’s stock worth $591,000 after purchasing an additional 52 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Roper Technologies by 140.2% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 245 shares of the industrial products company’s stock worth $134,000 after purchasing an additional 143 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Roper Technologies by 42.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 14,648 shares of the industrial products company’s stock worth $7,986,000 after purchasing an additional 4,334 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Up 0.4 %

ROP stock traded up $1.87 during mid-day trading on Thursday, hitting $528.34. The stock had a trading volume of 201,594 shares, compared to its average volume of 491,592. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. Roper Technologies, Inc. has a 1-year low of $430.03 and a 1-year high of $565.00. The company has a fifty day moving average of $546.31 and a 200 day moving average of $531.43. The stock has a market capitalization of $56.54 billion, a price-to-earnings ratio of 40.84, a PEG ratio of 2.78 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.03. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the firm posted $3.92 EPS. The business’s revenue was up 12.7% compared to the same quarter last year. On average, equities analysts expect that Roper Technologies, Inc. will post 18.07 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, April 5th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Thursday, April 4th. Roper Technologies’s dividend payout ratio is 23.27%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. TD Cowen downgraded Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective on the stock. in a report on Thursday, January 4th. Barclays raised their price objective on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Mizuho raised their target price 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 raised their target price on Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Finally, Raymond James raised their target price on Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $574.58.

Insider Activity

In other news, Director Christopher Wright sold 200 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the transaction, the director now owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.94% of the stock is currently owned by insiders.

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.