Bfsg LLC Reduces Position in Roper Technologies, Inc. (NYSE:ROP)

Bfsg LLC cut its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,674 shares of the industrial products company’s stock after selling 42 shares during the quarter. Bfsg LLC’s holdings in Roper Technologies were worth $2,003,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. OFI Invest Asset Management purchased a new stake in Roper Technologies in the third quarter valued at $25,000. Altshuler Shaham Ltd purchased a new stake in Roper Technologies in the third quarter valued at $27,000. Independence Bank of Kentucky purchased a new stake in Roper Technologies in the fourth quarter valued at $31,000. Wetzel Investment Advisors Inc. purchased a new stake in Roper Technologies in the fourth quarter valued at $31,000. Finally, Lee Financial Co acquired a new position in shares of Roper Technologies in the third quarter worth about $34,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the business’s stock in a transaction on 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 directly owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.94% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on ROP shares. Oppenheimer upped their price objective on shares of Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Wells Fargo & Company upped their price target on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Raymond James upped their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. Mizuho upped their price objective 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. 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 note on Thursday, January 4th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned 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 an average target price of $574.58.

Roper Technologies Stock Down 0.3 %

Shares of Roper Technologies stock traded down $1.61 during trading on Wednesday, hitting $538.01. 631,499 shares of the stock were exchanged, compared to its average volume of 500,411. The stock has a market cap of $57.58 billion, a price-to-earnings ratio of 41.86, a price-to-earnings-growth ratio of 2.84 and a beta of 0.99. The firm’s 50-day moving average price is $545.66 and its 200 day moving average price is $533.09. Roper Technologies, Inc. has a 12-month low of $430.03 and a 12-month high of $565.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the company earned $3.92 EPS. As a group, analysts forecast that Roper Technologies, Inc. will post 18.08 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.00 annualized dividend and a dividend yield of 0.56%. Roper Technologies’s dividend payout ratio (DPR) is currently 23.27%.

About Roper Technologies

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.