Roper Technologies, Inc. (NYSE:ROP) Holdings Decreased by Perpetual Ltd

Perpetual Ltd trimmed its position in Roper Technologies, Inc. (NYSE:ROP) by 4.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 160,180 shares of the industrial products company’s stock after selling 7,946 shares during the quarter. Perpetual Ltd’s holdings in Roper Technologies were worth $89,835,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. LGT Group Foundation grew its stake in Roper Technologies by 4.9% during the 4th quarter. LGT Group Foundation now owns 38,979 shares of the industrial products company’s stock worth $21,288,000 after buying an additional 1,804 shares during the last quarter. Steward Partners Investment Advisory LLC grew its stake in Roper Technologies by 236.1% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 8,241 shares of the industrial products company’s stock worth $4,493,000 after buying an additional 5,789 shares during the last quarter. Schwartz Investment Counsel Inc. boosted its position in Roper Technologies by 3.2% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 112,700 shares of the industrial products company’s stock worth $61,441,000 after acquiring an additional 3,500 shares during the period. Sequoia Financial Advisors LLC boosted its position in Roper Technologies by 229.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 5,255 shares of the industrial products company’s stock worth $2,865,000 after acquiring an additional 3,660 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in Roper Technologies by 42.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 14,648 shares of the industrial products company’s stock worth $7,986,000 after acquiring an additional 4,334 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on ROP. Oppenheimer reiterated an “outperform” rating and set a $650.00 price target on shares of Roper Technologies in a research report on Monday, April 29th. Royal Bank of Canada reduced their price target on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Barclays boosted their price target on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Mizuho upped their price objective on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Finally, Wolfe Research lowered Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $584.82.

Insider Activity

In related news, Director Christopher Wright sold 300 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $554.67, for a total transaction of $166,401.00. Following the transaction, the director now directly owns 35,247 shares of the company’s stock, valued at $19,550,453.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is currently owned by company insiders.

Roper Technologies Trading Down 0.2 %

Shares of NYSE ROP traded down $0.88 during mid-day trading on Thursday, hitting $559.22. 548,346 shares of the company traded hands, compared to its average volume of 516,713. Roper Technologies, Inc. has a 1 year low of $453.17 and a 1 year high of $565.00. The stock has a market capitalization of $59.86 billion, a price-to-earnings ratio of 40.65, a PEG ratio of 2.94 and a beta of 1.01. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average of $535.86 and a two-hundred day moving average of $541.44.

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. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the business posted $3.90 earnings per share. Roper Technologies’s revenue was up 14.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Roper Technologies, Inc. will post 18.15 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 22nd. Stockholders of record on Monday, July 8th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.54%. The ex-dividend date is Monday, July 8th. Roper Technologies’s dividend payout ratio is 21.77%.

About Roper Technologies

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.