Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Ledyard National Bank

Ledyard National Bank cut its stake in Roper Technologies, Inc. (NYSE:ROP) by 15.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 875 shares of the industrial products company’s stock after selling 165 shares during the quarter. Ledyard National Bank’s holdings in Roper Technologies were worth $477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of ROP. DAVENPORT & Co LLC lifted its position in Roper Technologies by 12.0% in the third quarter. DAVENPORT & Co LLC now owns 637 shares of the industrial products company’s stock valued at $309,000 after acquiring an additional 68 shares during the last quarter. Brookstone Capital Management raised its holdings in shares of Roper Technologies by 87.3% in the third quarter. Brookstone Capital Management now owns 1,841 shares of the industrial products company’s stock valued at $898,000 after buying an additional 858 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Roper Technologies by 2.9% in the third quarter. Commonwealth Equity Services LLC now owns 19,712 shares of the industrial products company’s stock valued at $9,546,000 after buying an additional 553 shares during the last quarter. YHB Investment Advisors Inc. purchased a new stake in shares of Roper Technologies in the third quarter valued at about $217,000. Finally, Suncoast Equity Management raised its holdings in shares of Roper Technologies by 5.2% in the third quarter. Suncoast Equity Management now owns 1,203 shares of the industrial products company’s stock valued at $583,000 after buying an additional 60 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the 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 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 accessible through the SEC website. 0.94% of the stock is currently owned by insiders.

Roper Technologies Trading Down 0.5 %

Shares of ROP traded down $2.60 on Tuesday, hitting $510.98. 203,599 shares of the stock traded hands, compared to its average volume of 503,920. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $54.69 billion, a P/E ratio of 37.27, a P/E/G ratio of 2.77 and a beta of 0.99. The stock’s 50 day moving average is $544.42 and its two-hundred day moving average is $533.92. Roper Technologies, Inc. has a 1 year low of $441.06 and a 1 year high of $565.00.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.07. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.90 earnings per share. As a group, sell-side analysts predict that Roper Technologies, Inc. will post 18.08 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s dividend payout ratio is currently 21.77%.

Analyst Upgrades and Downgrades

ROP has been the subject of a number of research reports. Royal Bank of Canada reduced their target price on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a report on Monday. Mizuho boosted their price target on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research note on Monday. Oppenheimer reiterated an “outperform” rating and set a $650.00 price target on shares of Roper Technologies in a research note on Monday. TD Cowen lowered 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. Finally, Wells Fargo & Company upped their target price 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. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Roper Technologies has a consensus rating of “Moderate Buy” and an average target price of $579.83.

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.