Pittenger & Anderson Inc. Sells 234 Shares of Roper Technologies, Inc. (NYSE:ROP)

Pittenger & Anderson Inc. decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 21,753 shares of the industrial products company’s stock after selling 234 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Roper Technologies were worth $11,859,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Roper Technologies by 5.5% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,341 shares of the industrial products company’s stock worth $1,276,000 after acquiring an additional 123 shares during the period. Atria Wealth Solutions Inc. boosted its stake in Roper Technologies by 2.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 3,503 shares of the industrial products company’s stock worth $1,910,000 after purchasing an additional 87 shares during the period. Capital Advisors Ltd. LLC boosted its stake in Roper Technologies by 5.9% in the 4th quarter. Capital Advisors Ltd. LLC now owns 597 shares of the industrial products company’s stock worth $326,000 after purchasing an additional 33 shares during the period. Alaska Permanent Fund Corp boosted its stake in Roper Technologies by 1.2% in the 4th quarter. Alaska Permanent Fund Corp now owns 28,734 shares of the industrial products company’s stock worth $15,665,000 after purchasing an additional 348 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new position in Roper Technologies in the 4th quarter worth about $513,000. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Down 1.5 %

ROP traded down $8.13 on Friday, hitting $532.28. 338,013 shares of the company were exchanged, compared to its average volume of 498,850. The stock has a market capitalization of $56.96 billion, a PE ratio of 32.20, a price-to-earnings-growth ratio of 2.83 and a beta of 0.99. Roper Technologies, Inc. has a 12 month low of $435.49 and a 12 month high of $565.00. The firm has a fifty day simple moving average of $545.43 and a two-hundred day simple moving average of $533.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period last year, the company earned $3.90 EPS. Sell-side analysts expect that Roper Technologies, Inc. will post 18.08 earnings per share for the current year.

Roper Technologies Announces Dividend

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

Insider Transactions at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the sale, the director now directly owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Raymond James raised their target price on Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. Wells Fargo & Company raised their price target on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Oppenheimer raised their price target on Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. TD Cowen cut Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective on the stock. in a report on Thursday, January 4th. Finally, Barclays raised their price objective on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Four 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. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $574.58.

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.