Geneva Capital Management LLC Sells 1,903 Shares of Roper Technologies, Inc. (NYSE:ROP)

Geneva Capital Management LLC reduced its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,216 shares of the industrial products company’s stock after selling 1,903 shares during the period. Geneva Capital Management LLC’s holdings in Roper Technologies were worth $30,102,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ROP. Mackenzie Financial Corp increased its stake in shares of Roper Technologies by 45.6% in the fourth quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock worth $488,968,000 after purchasing an additional 280,873 shares in the last quarter. iA Global Asset Management Inc. purchased a new stake in shares of Roper Technologies in the third quarter worth $82,379,000. Envestnet Asset Management Inc. boosted its position in shares of Roper Technologies by 81.7% during the third quarter. Envestnet Asset Management Inc. now owns 318,210 shares of the industrial products company’s stock worth $154,103,000 after acquiring an additional 143,122 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Roper Technologies by 512.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 144,407 shares of the industrial products company’s stock worth $69,933,000 after acquiring an additional 120,836 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Roper Technologies by 1.0% during the third quarter. Vanguard Group Inc. now owns 9,782,155 shares of the industrial products company’s stock worth $4,737,302,000 after acquiring an additional 100,621 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ROP has been the subject of a number of research reports. Oppenheimer restated an “outperform” rating and set a $650.00 target price on shares of Roper Technologies in a research report on Monday, April 29th. Barclays increased their price objective 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. Raymond James increased their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research report on Friday, February 2nd. Wells Fargo & Company increased their price objective on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Finally, Mizuho increased their price objective on shares of Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $584.82.

Roper Technologies Trading Up 0.4 %

Shares of Roper Technologies stock traded up $2.28 during trading on Thursday, hitting $523.33. The stock had a trading volume of 311,583 shares, compared to its average volume of 520,076. The stock has a market cap of $56.02 billion, a PE ratio of 37.98, a PEG ratio of 2.71 and a beta of 1.00. Roper Technologies, Inc. has a 12 month low of $441.06 and a 12 month high of $565.00. The firm’s fifty day simple moving average is $539.76 and its 200-day simple moving average is $534.72. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.49 and a quick ratio of 0.45.

Roper Technologies (NYSE:ROP) last posted its earnings results on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, beating analysts’ consensus estimates 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 net margin of 23.21% and a return on equity of 10.75%. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.90 EPS. As a group, sell-side analysts expect that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is 21.77%.

Insider Buying and Selling at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $549.71, for a total value of $109,942.00. Following the transaction, the director now 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 SEC, which can be accessed through this link. 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.