WASHINGTON TRUST Co Reduces Stock Position in Roper Technologies, Inc. (NYSE:ROP)

WASHINGTON TRUST Co reduced its holdings in Roper Technologies, Inc. (NYSE:ROP) by 7.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,646 shares of the industrial products company’s stock after selling 473 shares during the period. WASHINGTON TRUST Co’s holdings in Roper Technologies were worth $3,078,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Lord Abbett & CO. LLC boosted its stake in shares of Roper Technologies by 1.7% during the 1st quarter. Lord Abbett & CO. LLC now owns 27,664 shares of the industrial products company’s stock worth $13,064,000 after purchasing an additional 463 shares during the period. Prudential PLC purchased a new position in shares of Roper Technologies during the 1st quarter worth about $1,038,000. Cetera Investment Advisers boosted its stake in shares of Roper Technologies by 0.8% during the 1st quarter. Cetera Investment Advisers now owns 3,916 shares of the industrial products company’s stock worth $1,849,000 after purchasing an additional 30 shares during the period. Sequoia Financial Advisors LLC purchased a new position in shares of Roper Technologies during the 1st quarter worth about $367,000. Finally, Candriam Luxembourg S.C.A. boosted its stake in shares of Roper Technologies by 432.2% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 37,205 shares of the industrial products company’s stock worth $17,569,000 after purchasing an additional 30,214 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ROP shares. Mizuho boosted their price objective on shares of Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Barclays boosted their price objective on shares of Roper Technologies from $580.00 to $596.00 and gave the company an “overweight” rating in a research report on Monday, February 5th. Raymond James boosted 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 report on Friday, February 2nd. Royal Bank of Canada boosted their price objective on shares of Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Finally, TD Cowen cut shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective for the company. in a research report on Thursday, January 4th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $574.25.

Roper Technologies Stock Down 0.2 %

Shares of NYSE ROP traded down $1.30 during trading hours on Thursday, hitting $557.88. 183,997 shares of the stock were exchanged, compared to its average volume of 488,547. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33. The company has a market cap of $59.70 billion, a PE ratio of 43.34, a PEG ratio of 2.92 and a beta of 0.99. The firm has a fifty day moving average price of $548.00 and a 200-day moving average price of $526.21. Roper Technologies, Inc. has a 12 month low of $430.03 and a 12 month high of $563.15.

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

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Friday, April 5th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.54%. The ex-dividend date is Thursday, April 4th. Roper Technologies’s dividend payout ratio is presently 23.27%.

Insiders Place Their Bets

In other Roper Technologies 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 sale, the director now owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.94% of the stock is owned by insiders.

Roper Technologies Company 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.