AMI Asset Management Corp Sells 60 Shares of Roper Technologies, Inc. (NYSE:ROP)

AMI Asset Management Corp reduced its position in Roper Technologies, Inc. (NYSE:ROP) by 3.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,771 shares of the industrial products company’s stock after selling 60 shares during the period. AMI Asset Management Corp’s holdings in Roper Technologies were worth $921,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp raised its holdings in Roper Technologies by 2.9% during the 3rd quarter. State Street Corp now owns 4,730,427 shares of the industrial products company’s stock worth $2,632,199,000 after purchasing an additional 132,575 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Roper Technologies by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,447,026 shares of the industrial products company’s stock worth $1,357,162,000 after buying an additional 51,131 shares during the period. Mackenzie Financial Corp raised its stake in shares of Roper Technologies by 3.1% during the second quarter. Mackenzie Financial Corp now owns 1,119,023 shares of the industrial products company’s stock worth $630,749,000 after buying an additional 33,544 shares during the last quarter. Legal & General Group Plc lifted its holdings in Roper Technologies by 7.6% in the second quarter. Legal & General Group Plc now owns 914,499 shares of the industrial products company’s stock valued at $515,467,000 after buying an additional 64,565 shares during the period. Finally, Wellington Management Group LLP boosted its stake in Roper Technologies by 87.8% in the third quarter. Wellington Management Group LLP now owns 738,582 shares of the industrial products company’s stock valued at $410,977,000 after acquiring an additional 345,268 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

ROP has been the topic of a number of analyst reports. Oppenheimer assumed coverage on Roper Technologies in a research note on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price target on the stock. Robert W. Baird increased their target price on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Barclays decreased their target price on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Mizuho increased their price target on shares of Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Royal Bank of Canada decreased their price objective on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and an average target price of $623.33.

Insider Buying and Selling

In other Roper Technologies news, Director Richard F. Wallman sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $550.00, for a total transaction of $550,000.00. Following the transaction, the director now owns 32,955 shares of the company’s stock, valued at $18,125,250. The trade was a 2.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.87% of the stock is currently owned by corporate insiders.

Roper Technologies Stock Up 0.6 %

Roper Technologies stock opened at $522.32 on Tuesday. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $580.09. The company has a quick ratio of 0.44, a current ratio of 0.48 and a debt-to-equity ratio of 0.41. The company has a 50 day moving average of $537.92 and a 200-day moving average of $545.52. The stock has a market capitalization of $56.01 billion, a PE ratio of 38.21, a price-to-earnings-growth ratio of 2.49 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share for the quarter, topping the consensus estimate of $4.53 by $0.09. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the firm earned $4.32 earnings per share. Roper Technologies’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts anticipate that Roper Technologies, Inc. will post 18.29 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Friday, January 3rd. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.75. Roper Technologies’s payout ratio is currently 24.14%.

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.