Roper Technologies, Inc. (NYSE:ROP) Stock Position Trimmed by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. cut its position in Roper Technologies, Inc. (NYSE:ROPFree Report) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,887 shares of the industrial products company’s stock after selling 152 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Roper Technologies were worth $2,664,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ROP. Altshuler Shaham Ltd bought a new stake in shares of Roper Technologies during the 3rd quarter worth about $27,000. Independence Bank of Kentucky bought a new stake in shares of Roper Technologies during the 4th quarter worth about $31,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Roper Technologies during the 4th quarter worth about $31,000. VisionPoint Advisory Group LLC bought a new stake in shares of Roper Technologies during the 4th quarter worth about $32,000. Finally, Lee Financial Co bought a new stake in shares of Roper Technologies during the 3rd quarter worth about $34,000. 93.31% of the stock is currently owned by institutional investors.

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 transaction of $109,942.00. Following the transaction, the director now directly owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.87% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ROP. Barclays boosted their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Mizuho boosted their price target on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Royal Bank of Canada dropped their price target on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Finally, Oppenheimer reiterated an “outperform” rating and issued a $650.00 target price on shares of Roper Technologies in a report on Monday, April 29th. Three investment 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $584.82.

Get Our Latest Stock Report on ROP

Roper Technologies Stock Performance

Roper Technologies stock opened at $554.03 on Friday. The firm’s 50 day simple moving average is $533.99 and its 200-day simple moving average is $540.02. The company has a market cap of $59.30 billion, a P/E ratio of 32.17, a price-to-earnings-growth ratio of 2.91 and a beta of 1.01. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.49 and a quick ratio of 0.45. Roper Technologies, Inc. has a fifty-two week low of $448.13 and a fifty-two week high of $565.00.

Roper Technologies (NYSE:ROPGet Free Report) last released its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.07. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the firm posted $3.90 earnings per share. As a group, equities research analysts predict that Roper Technologies, Inc. will post 18.15 EPS for the current year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s payout ratio is presently 21.77%.

Roper Technologies 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.

Further Reading

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

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