Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Prudential PLC

Prudential PLC lessened its holdings in Roper Technologies, Inc. (NYSE:ROPFree Report) by 66.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,689 shares of the industrial products company’s stock after selling 9,226 shares during the period. Prudential PLC’s holdings in Roper Technologies were worth $2,556,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new position in shares of Roper Technologies during the fourth quarter worth about $756,176,000. Mackenzie Financial Corp boosted its holdings in Roper Technologies by 45.6% in the 4th quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock worth $488,968,000 after acquiring an additional 280,873 shares during the period. First Trust Advisors LP raised its stake in shares of Roper Technologies by 149.7% during the fourth quarter. First Trust Advisors LP now owns 366,981 shares of the industrial products company’s stock valued at $200,067,000 after purchasing an additional 220,006 shares during the period. Corient Private Wealth LLC lifted its position in shares of Roper Technologies by 32.8% during the fourth quarter. Corient Private Wealth LLC now owns 858,949 shares of the industrial products company’s stock worth $468,273,000 after purchasing an additional 211,967 shares in the last quarter. Finally, iA Global Asset Management Inc. purchased a new position in shares of Roper Technologies in the third quarter valued at $82,379,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Trading Up 0.7 %

NYSE ROP opened at $554.03 on Monday. The firm has a market capitalization of $59.30 billion, a PE ratio of 32.17, a price-to-earnings-growth ratio of 2.91 and a beta of 1.01. Roper Technologies, Inc. has a one year low of $448.13 and a one year high of $565.00. The company has a 50-day simple moving average of $533.99 and a 200-day simple moving average of $540.10. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49.

Roper Technologies (NYSE:ROPGet Free Report) last issued its earnings results 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. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. Roper Technologies’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.90 earnings per share. On average, equities analysts forecast that Roper Technologies, Inc. will post 18.15 earnings per share for the current year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is 21.77%.

Analysts Set New Price Targets

A number of equities analysts have commented on ROP shares. Oppenheimer reiterated an “outperform” rating and issued a $650.00 price objective on shares of Roper Technologies in a report on Monday, April 29th. Royal Bank of Canada cut their target price on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Mizuho increased their target price on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Finally, Barclays lifted their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $584.82.

Get Our Latest Research Report on ROP

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the transaction, the director now directly owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.87% of the company’s stock.

About Roper Technologies

(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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