XXEC Inc. Cuts Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

XXEC Inc. trimmed its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,238 shares of the industrial products company’s stock after selling 150 shares during the quarter. Roper Technologies makes up about 3.1% of XXEC Inc.’s portfolio, making the stock its 16th biggest holding. XXEC Inc.’s holdings in Roper Technologies were worth $4,059,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Rise Advisors LLC purchased a new position in shares of Roper Technologies during the 1st quarter valued at approximately $27,000. OFI Invest Asset Management acquired a new stake in Roper Technologies in the 3rd quarter valued at $25,000. Altshuler Shaham Ltd acquired a new stake in Roper Technologies in the 3rd quarter valued at $27,000. Wetzel Investment Advisors Inc. acquired a new stake in Roper Technologies in the 4th quarter valued at $31,000. Finally, Independence Bank of Kentucky acquired a new stake in Roper Technologies in the 4th quarter valued at $31,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Raymond James increased their price objective on Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. TD Cowen cut Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target for the company. in a research note on Thursday, January 4th. Barclays increased their price objective on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Mizuho increased their price objective on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research report on Monday. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $579.83.

Roper Technologies Trading Down 0.4 %

Shares of Roper Technologies stock traded down $2.12 during trading hours on Tuesday, reaching $511.46. The stock had a trading volume of 882,955 shares, compared to its average volume of 512,318. The firm has a market capitalization of $54.74 billion, a price-to-earnings ratio of 37.12, a P/E/G ratio of 2.77 and a beta of 0.99. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a 1 year low of $441.06 and a 1 year high of $565.00. The firm has a 50 day simple moving average of $543.76 and a two-hundred day simple moving average of $534.01.

Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, April 26th. The industrial products company reported $4.41 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 return on equity of 10.75% and a net margin of 23.21%. The company’s revenue was up 14.4% on a year-over-year basis. During the same period last year, the business posted $3.90 EPS. As a group, equities research analysts anticipate that Roper Technologies, Inc. will post 18.08 earnings per share for the current year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were given a $0.75 dividend. The ex-dividend date was Thursday, April 4th. This represents a $3.00 annualized dividend and a dividend yield of 0.59%. Roper Technologies’s payout ratio is 21.77%.

Insider Activity at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the transaction, the director now owns 35,547 shares in the company, valued at approximately $19,540,541.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.94% of the company’s stock.

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.