SFE Investment Counsel Sells 50 Shares of Roper Technologies, Inc. (NYSE:ROP)

SFE Investment Counsel trimmed its position in Roper Technologies, Inc. (NYSE:ROP) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,664 shares of the industrial products company’s stock after selling 50 shares during the period. SFE Investment Counsel’s holdings in Roper Technologies were worth $4,723,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. OFI Invest Asset Management acquired a new stake in Roper Technologies during the 3rd quarter worth about $25,000. Altshuler Shaham Ltd acquired a new stake in Roper Technologies during the 3rd quarter worth about $27,000. Compass Wealth Management LLC acquired a new stake in Roper Technologies during the 4th quarter worth about $30,000. Fortis Capital Advisors LLC acquired a new stake in Roper Technologies during the 4th quarter worth about $30,000. Finally, Independence Bank of Kentucky acquired a new stake in Roper Technologies during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction 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 completion of the sale, the director now directly owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.94% of the stock is currently owned by insiders.

Roper Technologies Price Performance

NYSE:ROP traded up $1.87 during trading hours on Thursday, hitting $528.34. The stock had a trading volume of 201,594 shares, compared to its average volume of 491,592. The company has a 50 day simple moving average of $546.31 and a two-hundred day simple moving average of $531.43. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46. Roper Technologies, Inc. has a one year low of $430.03 and a one year high of $565.00. The firm has a market capitalization of $56.54 billion, a price-to-earnings ratio of 40.84, a P/E/G ratio of 2.78 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 EPS for the quarter, beating the consensus estimate of $4.34 by $0.03. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the firm earned $3.92 EPS. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. Research analysts forecast that Roper Technologies, Inc. will post 18.07 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, April 5th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date is Thursday, April 4th. Roper Technologies’s dividend payout ratio is currently 23.27%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ROP shares. Wells Fargo & Company increased their price objective 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. TD Cowen cut shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective on the stock. in a research report on Thursday, January 4th. Raymond James increased their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. Mizuho increased their price objective on shares of Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st. Finally, Royal Bank of Canada increased their price objective on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $574.58.

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.