Boyd Watterson Asset Management LLC OH Lowers Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Boyd Watterson Asset Management LLC OH lessened its holdings in Roper Technologies, Inc. (NYSE:ROP) by 2.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,051 shares of the industrial products company’s stock after selling 27 shares during the period. Boyd Watterson Asset Management LLC OH’s holdings in Roper Technologies were worth $573,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. OFI Invest Asset Management bought a new position in shares of Roper Technologies during the 3rd quarter worth approximately $25,000. Altshuler Shaham Ltd bought a new position in shares of Roper Technologies during the 3rd quarter worth approximately $27,000. Independence Bank of Kentucky bought a new position in shares of Roper Technologies during the 4th quarter worth approximately $31,000. Wetzel Investment Advisors Inc. bought a new position in shares of Roper Technologies during the 4th quarter worth approximately $31,000. Finally, Lee Financial Co bought a new position in shares of Roper Technologies during the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Activity

In other news, Director Christopher Wright sold 200 shares of the firm’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 value of $109,942.00. Following the completion of the transaction, the director now owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.94% of the company’s stock.

Roper Technologies Trading Down 2.5 %

Roper Technologies stock traded down $13.63 during midday trading on Friday, hitting $526.78. 856,081 shares of the stock were exchanged, compared to its average volume of 498,846. Roper Technologies, Inc. has a fifty-two week low of $435.49 and a fifty-two week high of $565.00. The stock has a market capitalization of $56.38 billion, a price-to-earnings ratio of 32.34, a PEG ratio of 2.85 and a beta of 0.99. The stock’s 50-day simple moving average is $545.05 and its 200 day simple moving average is $533.36. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period last year, the business earned $3.90 earnings per share. The business’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, equities analysts anticipate that Roper Technologies, Inc. will post 18.08 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s payout ratio is 23.27%.

Wall Street Analysts Forecast Growth

ROP has been the topic of a number of recent analyst reports. Oppenheimer increased their price target on shares of Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Royal Bank of Canada increased 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 increased 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. Wells Fargo & Company raised their price target 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. Finally, TD Cowen downgraded shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target on the stock. in a research note on Thursday, January 4th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and an average target price 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.