Bank Julius Baer & Co. Ltd Zurich Lowers Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Bank Julius Baer & Co. Ltd Zurich cut its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 199,213 shares of the industrial products company’s stock after selling 375 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned 0.19% of Roper Technologies worth $108,605,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ROP. OFI Invest Asset Management purchased a new stake in Roper Technologies during the 3rd quarter worth $25,000. Altshuler Shaham Ltd purchased a new stake in Roper Technologies during the 3rd quarter worth $27,000. Independence Bank of Kentucky purchased a new stake in Roper Technologies during the 4th quarter worth $31,000. Wetzel Investment Advisors Inc. purchased a new stake in Roper Technologies during the 4th quarter worth $31,000. Finally, Lee Financial Co purchased a new stake in Roper Technologies during the 3rd quarter worth $34,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ROP. Oppenheimer upped their price objective on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Wells Fargo & Company upped their price objective on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Mizuho upped their price objective on shares of Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Raymond James upped their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research report on Friday, February 2nd. Finally, Barclays upped their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research note 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $574.58.

Insider Activity

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

Roper Technologies Stock Performance

ROP traded up $2.40 on Thursday, hitting $540.41. 552,496 shares of the company’s stock were exchanged, compared to its average volume of 501,062. The firm has a market cap of $57.83 billion, a PE ratio of 41.74, a P/E/G ratio of 2.84 and a beta of 0.99. Roper Technologies, Inc. has a twelve month low of $430.03 and a twelve month high of $565.00. The stock has a fifty day moving average of $545.58 and a two-hundred day moving average of $533.12. 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 (NYSE:ROP) last posted its earnings results on Wednesday, January 31st. The industrial products company reported $4.37 EPS for the quarter, topping the consensus estimate of $4.34 by $0.03. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. Roper Technologies’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.92 EPS. On average, research analysts anticipate that Roper Technologies, Inc. will post 18.08 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

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

Roper Technologies 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.