Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Picton Mahoney Asset Management

Picton Mahoney Asset Management lessened its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 23,330 shares of the industrial products company’s stock after selling 40 shares during the period. Picton Mahoney Asset Management’s holdings in Roper Technologies were worth $12,719,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROP. OFI Invest Asset Management acquired a new position in shares of Roper Technologies during the 3rd quarter valued at $25,000. Altshuler Shaham Ltd acquired a new position in Roper Technologies during the third quarter worth about $27,000. Independence Bank of Kentucky bought a new stake in Roper Technologies in the fourth quarter worth about $31,000. Wetzel Investment Advisors Inc. acquired a new stake in Roper Technologies in the 4th quarter valued at about $31,000. Finally, Lee Financial Co bought a new position in shares of Roper Technologies during the 3rd quarter valued at about $34,000. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Up 0.9 %

NYSE ROP traded up $4.72 during trading on Tuesday, reaching $520.26. 291,246 shares of the company’s stock were exchanged, compared to its average volume of 522,880. The firm has a market capitalization of $55.69 billion, a PE ratio of 37.75, a P/E/G ratio of 2.71 and a beta of 1.00. Roper Technologies, Inc. has a fifty-two week low of $441.06 and a fifty-two week high of $565.00. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. The company’s fifty day simple moving average is $540.21 and its 200-day simple moving average is $534.82.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the firm posted $3.90 earnings per share. The firm’s revenue was up 14.4% on a year-over-year basis. Sell-side analysts predict that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were issued a dividend of $0.75 per share. The ex-dividend date was Thursday, April 4th. This represents a $3.00 annualized dividend and a dividend yield of 0.58%. Roper Technologies’s dividend payout ratio is 21.77%.

Insider Activity at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the completion of the sale, 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 document filed with the SEC, which is available at this link. Insiders own 0.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ROP shares. Royal Bank of Canada dropped their target price on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Wells Fargo & Company increased their price objective on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Oppenheimer reissued an “outperform” rating and set a $650.00 price objective on shares of Roper Technologies in a research note on Monday, April 29th. Barclays boosted their target price on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Mizuho lifted their price target on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $584.82.

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.