Montag A & Associates Inc. Has $3.54 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Montag A & Associates Inc. lowered its stake in Roper Technologies, Inc. (NYSE:ROP) by 18.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,487 shares of the industrial products company’s stock after selling 1,446 shares during the period. Montag A & Associates Inc.’s holdings in Roper Technologies were worth $3,537,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. LGT Group Foundation lifted its stake in shares of Roper Technologies by 4.9% in the 4th quarter. LGT Group Foundation now owns 38,979 shares of the industrial products company’s stock valued at $21,288,000 after purchasing an additional 1,804 shares during the period. Schwartz Investment Counsel Inc. raised its stake in Roper Technologies by 3.2% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 112,700 shares of the industrial products company’s stock worth $61,441,000 after buying an additional 3,500 shares during the period. Sequoia Financial Advisors LLC raised its stake in Roper Technologies by 229.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 5,255 shares of the industrial products company’s stock worth $2,865,000 after buying an additional 3,660 shares during the period. Daiwa Securities Group Inc. raised its stake in Roper Technologies by 42.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 14,648 shares of the industrial products company’s stock worth $7,986,000 after buying an additional 4,334 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in Roper Technologies by 4.0% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 305,613 shares of the industrial products company’s stock worth $166,611,000 after buying an additional 11,744 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Up 0.4 %

Shares of NYSE ROP traded up $2.28 during mid-day trading on Thursday, hitting $523.33. The company had a trading volume of 311,583 shares, compared to its average volume of 520,076. The company has a market capitalization of $56.02 billion, a PE ratio of 37.98, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00. The firm has a 50-day simple moving average of $539.76 and a two-hundred day simple moving average of $534.72. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a one year low of $441.06 and a one year high of $565.00.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share 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 company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the previous year, the business earned $3.90 earnings per share. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. On average, equities analysts expect that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were given a dividend of $0.75 per share. The ex-dividend date was Thursday, April 4th. This represents a $3.00 annualized dividend and a yield of 0.57%. Roper Technologies’s dividend payout ratio is currently 21.77%.

Insiders Place Their Bets

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the sale, the director now directly owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on ROP shares. Wells Fargo & Company raised their price objective on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Oppenheimer reaffirmed an “outperform” rating and set a $650.00 price objective on shares of Roper Technologies in a research note on Monday, April 29th. Royal Bank of Canada lowered their target price on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Barclays increased their target price on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, Raymond James increased their target price on Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $584.82.

About Roper Technologies

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.