Roper Technologies, Inc. (NYSE:ROP) Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. lessened its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 6.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 499 shares of the industrial products company’s stock after selling 35 shares during the period. John G Ullman & Associates Inc.’s holdings in Roper Technologies were worth $272,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Schwartz Investment Counsel Inc. lifted its holdings in Roper Technologies by 3.2% during the fourth quarter. Schwartz Investment Counsel Inc. now owns 112,700 shares of the industrial products company’s stock valued at $61,441,000 after purchasing an additional 3,500 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Roper Technologies by 229.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 5,255 shares of the industrial products company’s stock worth $2,865,000 after buying an additional 3,660 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Roper Technologies by 4.0% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 305,613 shares of the industrial products company’s stock worth $166,611,000 after buying an additional 11,744 shares in the last quarter. Crestwood Advisors Group LLC lifted its stake in shares of Roper Technologies by 5.3% in the fourth quarter. Crestwood Advisors Group LLC now owns 79,355 shares of the industrial products company’s stock worth $43,262,000 after buying an additional 3,959 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in shares of Roper Technologies by 21.1% in the fourth quarter. Cerity Partners LLC now owns 49,565 shares of the industrial products company’s stock worth $27,021,000 after buying an additional 8,634 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

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 completion of the transaction, the director now owns 35,547 shares in the company, valued at approximately $19,540,541.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.94% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

ROP has been the topic of several research reports. Oppenheimer raised their price target on shares of Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. TD Cowen downgraded shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 target price on the stock. in a research note on Thursday, January 4th. Wells Fargo & Company lifted their target price on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Barclays lifted their target price 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. Finally, Mizuho lifted their target price on shares of Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Four equities research 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $574.58.

Roper Technologies Trading Up 1.3 %

Shares of ROP stock opened at $534.38 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50. The stock has a market capitalization of $57.19 billion, a P/E ratio of 41.46, a price-to-earnings-growth ratio of 2.78 and a beta of 0.99. The company has a 50 day moving average price of $545.64 and a 200 day moving average price of $531.75. Roper Technologies, Inc. has a fifty-two week low of $430.03 and a fifty-two week high of $565.00.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.03. The firm 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 business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.92 earnings per share. Equities research analysts predict that Roper Technologies, Inc. will post 18.07 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Friday, April 5th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.56%. The ex-dividend date is Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.27%.

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.