Donaldson Capital Management LLC Has $353,000 Stake in Roper Technologies, Inc. (NYSE:ROP)

Donaldson Capital Management LLC cut its stake in Roper Technologies, Inc. (NYSE:ROP) by 5.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 630 shares of the industrial products company’s stock after selling 37 shares during the period. Donaldson Capital Management LLC’s holdings in Roper Technologies were worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in ROP. Raymond James & Associates lifted its position in Roper Technologies by 1.7% during the 1st quarter. Raymond James & Associates now owns 216,168 shares of the industrial products company’s stock worth $121,236,000 after buying an additional 3,619 shares in the last quarter. FORVIS Wealth Advisors LLC raised its holdings in Roper Technologies by 6.6% during the first quarter. FORVIS Wealth Advisors LLC now owns 6,018 shares of the industrial products company’s stock worth $3,375,000 after acquiring an additional 373 shares in the last quarter. American National Bank & Trust Co. VA acquired a new position in Roper Technologies during the first quarter valued at approximately $6,314,000. First Trust Direct Indexing L.P. increased its holdings in Roper Technologies by 18.7% during the first quarter. First Trust Direct Indexing L.P. now owns 3,060 shares of the industrial products company’s stock worth $1,716,000 after buying an additional 481 shares during the last quarter. Finally, Norden Group LLC acquired a new stake in Roper Technologies in the 1st quarter valued at about $1,662,000. Institutional investors own 93.31% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on ROP shares. Raymond James increased their target price 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. Barclays upped their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. TD Cowen lowered shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 target price on the stock. in a report on Thursday, January 4th. Mizuho increased their price target on Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Finally, Royal Bank of Canada lifted their price objective on shares of Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Four research 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $574.58.

Roper Technologies Stock Down 2.5 %

NYSE ROP traded down $13.63 during trading hours on Friday, hitting $526.78. The company’s stock had a trading volume of 856,081 shares, compared to its average volume of 498,846. The company has a market capitalization of $56.38 billion, a PE ratio of 40.87, a price-to-earnings-growth ratio of 2.85 and a beta of 0.99. 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, Inc. has a 52 week low of $435.49 and a 52 week high of $565.00. The company’s 50-day simple moving average is $545.05 and its two-hundred day simple moving average is $533.36.

Roper Technologies (NYSE:ROP) last posted its 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 return on equity of 10.63% and a net margin of 22.41%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the company earned $3.90 earnings per share. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. Research analysts anticipate that Roper Technologies, Inc. will post 18.08 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

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

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.94% 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.