Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Redwood Investments LLC

Redwood Investments LLC lessened its position in Roper Technologies, Inc. (NYSE:ROPFree Report) by 8.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,709 shares of the industrial products company’s stock after selling 679 shares during the period. Roper Technologies makes up 1.1% of Redwood Investments LLC’s investment portfolio, making the stock its 26th largest holding. Redwood Investments LLC’s holdings in Roper Technologies were worth $4,203,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in ROP. Moneta Group Investment Advisors LLC lifted its stake in shares of Roper Technologies by 68,873.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,724,328 shares of the industrial products company’s stock worth $745,065,000 after acquiring an additional 1,721,828 shares during the period. Norges Bank acquired a new stake in shares of Roper Technologies in the 4th quarter worth $497,958,000. CI Private Wealth LLC acquired a new stake in shares of Roper Technologies in the 4th quarter worth $245,541,000. Durable Capital Partners LP lifted its stake in shares of Roper Technologies by 51.3% in the 1st quarter. Durable Capital Partners LP now owns 1,395,525 shares of the industrial products company’s stock worth $659,009,000 after acquiring an additional 473,168 shares during the period. Finally, Nuveen Asset Management LLC lifted its stake in shares of Roper Technologies by 26.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,151,511 shares of the industrial products company’s stock worth $553,646,000 after acquiring an additional 239,623 shares during the period. Institutional investors and hedge funds own 93.31% of the company’s stock.

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 shares were 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 directly owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.94% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Raymond James raised 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 note on Friday, February 2nd. Barclays raised their price objective on shares of Roper Technologies from $580.00 to $596.00 and gave the company an “overweight” rating in a research note on Monday, February 5th. Royal Bank of Canada raised their price objective on shares of Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, Mizuho raised their target price on shares of Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $574.25.

View Our Latest Research Report on ROP

Roper Technologies Stock Performance

Shares of NYSE ROP opened at $560.84 on Monday. The company has a market cap of $60.02 billion, a PE ratio of 33.56, a price-to-earnings-growth ratio of 2.96 and a beta of 0.99. Roper Technologies, Inc. has a 12 month low of $430.03 and a 12 month high of $563.15. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46. The company has a 50-day simple moving average of $549.06 and a 200-day simple moving average of $527.35.

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

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Friday, April 5th will be issued a $0.75 dividend. The ex-dividend date is Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a yield of 0.53%. Roper Technologies’s payout ratio is 23.27%.

Roper Technologies Company Profile

(Free Report)

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.

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

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