Sentry Investment Management LLC Sells 60 Shares of Roper Technologies, Inc. (NYSE:ROP)

Sentry Investment Management LLC cut its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 9.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 556 shares of the industrial products company’s stock after selling 60 shares during the period. Sentry Investment Management LLC’s holdings in Roper Technologies were worth $303,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ROP. Geneos Wealth Management Inc. boosted its stake in Roper Technologies by 10.0% in the third quarter. Geneos Wealth Management Inc. now owns 231 shares of the industrial products company’s stock valued at $112,000 after buying an additional 21 shares in the last quarter. UMB Bank n.a. lifted its stake in Roper Technologies by 0.6% in the 3rd quarter. UMB Bank n.a. now owns 3,437 shares of the industrial products company’s stock valued at $1,664,000 after purchasing an additional 21 shares during the last quarter. NorthRock Partners LLC grew its stake in shares of Roper Technologies by 1.7% during the third quarter. NorthRock Partners LLC now owns 1,223 shares of the industrial products company’s stock worth $592,000 after buying an additional 21 shares during the last quarter. Jacobi Capital Management LLC lifted its stake in shares of Roper Technologies by 0.5% in the 3rd quarter. Jacobi Capital Management LLC now owns 4,193 shares of the industrial products company’s stock valued at $2,030,000 after acquiring an additional 21 shares during the last quarter. Finally, Chicago Partners Investment Group LLC grew its position in Roper Technologies by 0.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,310 shares of the industrial products company’s stock worth $1,582,000 after acquiring an additional 22 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Down 1.4 %

Roper Technologies stock opened at $528.26 on Tuesday. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average price is $547.13 and its two-hundred day moving average price is $531.16. The firm has a market capitalization of $56.53 billion, a price-to-earnings ratio of 32.07, a price-to-earnings-growth ratio of 2.82 and a beta of 0.99. Roper Technologies, Inc. has a 1-year low of $430.03 and a 1-year high of $565.00.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.34 by $0.03. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.58 billion. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.92 EPS. On average, equities research analysts predict that Roper Technologies, Inc. will post 18.07 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, April 5th will be paid a $0.75 dividend. The ex-dividend date is 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 Buying and Selling

In other news, Director Christopher Wright sold 200 shares of the company’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 value of $109,942.00. Following the completion of the transaction, the director now directly owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.94% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ROP shares. Oppenheimer upped their price objective on Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Raymond James lifted their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. TD Cowen downgraded 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 upped their price target on Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Finally, Wells Fargo & Company upped their target price on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Four 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. According to data from MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $574.58.

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.