Crestline Management LP Sells 1,200 Shares of Roper Technologies, Inc. (NYSE:ROP)

Crestline Management LP cut its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 64.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 651 shares of the industrial products company’s stock after selling 1,200 shares during the quarter. Crestline Management LP’s holdings in Roper Technologies were worth $338,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ROP. VSM Wealth Advisory LLC bought a new stake in Roper Technologies during the fourth quarter worth about $26,000. CoreFirst Bank & Trust acquired a new position in Roper Technologies during the fourth quarter worth $36,000. OFI Invest Asset Management acquired a new stake in Roper Technologies in the fourth quarter valued at $38,000. Parvin Asset Management LLC bought a new position in shares of Roper Technologies in the 4th quarter valued at about $39,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Roper Technologies by 7,500.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 75 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Down 0.8 %

NYSE ROP opened at $570.48 on Friday. The business has a fifty day moving average price of $565.97 and a two-hundred day moving average price of $555.35. The stock has a market capitalization of $61.34 billion, a PE ratio of 39.78, a PEG ratio of 2.77 and a beta of 1.08. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. During the same period last year, the firm earned $4.41 EPS. The firm’s revenue was up 12.0% on a year-over-year basis. Equities analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies’s dividend payout ratio is 23.81%.

Analyst Upgrades and Downgrades

ROP has been the topic of a number of recent analyst reports. Barclays reissued an “underweight” rating on shares of Roper Technologies in a research report on Monday, April 28th. Royal Bank of Canada raised their price target on Roper Technologies from $694.00 to $695.00 and gave the company an “outperform” rating in a report on Tuesday, April 29th. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and upped their price objective for the company from $535.00 to $615.00 in a report on Tuesday, January 28th. Robert W. Baird lifted their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an “outperform” rating in a report on Tuesday, April 29th. Finally, Raymond James reissued a “strong-buy” rating and issued a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $620.91.

Insider Activity at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,540,925.18. This represents a 8.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.87% of the stock is owned by insiders.

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.