CX Institutional Sells 279 Shares of Roper Technologies, Inc. (NYSE:ROP)

CX Institutional reduced its holdings in Roper Technologies, Inc. (NYSE:ROP) by 12.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,983 shares of the industrial products company’s stock after selling 279 shares during the quarter. CX Institutional’s holdings in Roper Technologies were worth $1,031,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in ROP. Neumann Capital Management LLC increased its position in Roper Technologies by 2.5% during the 4th quarter. Neumann Capital Management LLC now owns 4,130 shares of the industrial products company’s stock valued at $2,147,000 after purchasing an additional 100 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in shares of Roper Technologies by 1.7% during the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 81,918 shares of the industrial products company’s stock valued at $42,596,000 after purchasing an additional 1,400 shares in the last quarter. Brighton Jones LLC purchased a new position in shares of Roper Technologies during the fourth quarter valued at about $203,000. Red Door Wealth Management LLC raised its stake in Roper Technologies by 8.5% in the fourth quarter. Red Door Wealth Management LLC now owns 8,956 shares of the industrial products company’s stock worth $4,656,000 after buying an additional 702 shares in the last quarter. Finally, Mutual Advisors LLC lifted its holdings in Roper Technologies by 9.2% in the fourth quarter. Mutual Advisors LLC now owns 1,225 shares of the industrial products company’s stock worth $636,000 after buying an additional 103 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Trading Down 0.4 %

NYSE:ROP opened at $531.37 on Friday. The stock has a market cap of $56.98 billion, a price-to-earnings ratio of 38.87, a PEG ratio of 2.55 and a beta of 1.04. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The company’s 50 day moving average price is $535.54 and its 200-day moving average price is $544.96. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $580.09.

Roper Technologies (NYSE:ROP) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating the consensus estimate of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the business posted $4.32 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts forecast that Roper Technologies, Inc. will post 18.29 earnings per share for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were issued a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.62%. This is an increase from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, January 3rd. Roper Technologies’s dividend payout ratio (DPR) is presently 24.14%.

Wall Street Analysts Forecast Growth

ROP has been the topic of a number of research analyst reports. Oppenheimer began coverage on Roper Technologies in a report on Monday, December 23rd. They set an “outperform” rating and a $630.00 target price on the stock. Mizuho increased their price objective on Roper Technologies from $530.00 to $565.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Barclays lowered their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Truist Financial reiterated a “buy” rating and issued a $665.00 price target (up from $660.00) on shares of Roper Technologies in a research note on Thursday, October 24th. Finally, Robert W. Baird boosted their price objective on shares of Roper Technologies from $635.00 to $652.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Roper Technologies currently has an average rating of “Moderate Buy” and an average target price of $624.38.

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.