Roper Technologies, Inc. (NYSE:ROP) Stock Holdings Reduced by Mirova US LLC

Mirova US LLC decreased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.6% during the fourth quarter, HoldingsChannel reports. The firm owned 698,469 shares of the industrial products company’s stock after selling 3,939 shares during the period. Roper Technologies comprises 5.7% of Mirova US LLC’s portfolio, making the stock its 8th largest holding. Mirova US LLC’s holdings in Roper Technologies were worth $380,784,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Roper Technologies by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 9,782,155 shares of the industrial products company’s stock valued at $4,737,302,000 after buying an additional 100,621 shares in the last quarter. State Street Corp grew its position in Roper Technologies by 1.6% during the 1st quarter. State Street Corp now owns 4,294,847 shares of the industrial products company’s stock worth $1,892,695,000 after purchasing an additional 68,038 shares during the last quarter. Morgan Stanley grew its position in Roper Technologies by 2.9% during the 4th quarter. Morgan Stanley now owns 3,409,974 shares of the industrial products company’s stock worth $1,473,416,000 after purchasing an additional 95,728 shares during the last quarter. Principal Financial Group Inc. grew its position in Roper Technologies by 1.7% during the 3rd quarter. Principal Financial Group Inc. now owns 2,528,982 shares of the industrial products company’s stock worth $1,224,736,000 after purchasing an additional 42,962 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Roper Technologies by 7.3% during the 1st quarter. Geode Capital Management LLC now owns 1,987,014 shares of the industrial products company’s stock worth $873,554,000 after purchasing an additional 135,524 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Price Performance

NYSE:ROP traded down $1.28 during trading hours on Wednesday, reaching $526.98. 405,315 shares of the company were exchanged, compared to its average volume of 449,069. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. The stock’s 50-day moving average is $546.76 and its 200-day moving average is $531.46. The firm has a market cap of $56.40 billion, a PE ratio of 40.88, a price-to-earnings-growth ratio of 2.78 and a beta of 0.99. Roper Technologies, Inc. has a twelve month low of $430.03 and a twelve month high of $565.00.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, January 31st. The industrial products company reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.03. The business had revenue of $1.61 billion during the quarter, compared to analysts’ expectations 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 prior year, the business earned $3.92 earnings per share. On average, sell-side analysts anticipate that Roper Technologies, Inc. will post 18.07 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, April 5th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is 23.27%.

Insider Activity

In related news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction dated 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 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 available at the SEC website. Company insiders own 0.94% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on ROP. Royal Bank of Canada upped their price objective on shares of Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Barclays upped their price objective on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Oppenheimer boosted their target price on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. TD Cowen cut shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 target price for the company. in a research note on Thursday, January 4th. Finally, Mizuho boosted their target price on shares of Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $574.58.

Roper Technologies 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.