Roper Technologies, Inc. (NYSE:ROP) Stock Holdings Lessened by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its stake in Roper Technologies, Inc. (NYSE:ROP) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 135,902 shares of the industrial products company’s stock after selling 6,536 shares during the quarter. Russell Investments Group Ltd. owned 0.13% of Roper Technologies worth $74,095,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in ROP. Beaumont Financial Advisors LLC increased its position in Roper Technologies by 2.5% during the fourth quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company’s stock worth $454,000 after acquiring an additional 20 shares during the period. NorthRock Partners LLC increased its holdings in Roper Technologies by 1.7% in the 3rd quarter. NorthRock Partners LLC now owns 1,223 shares of the industrial products company’s stock valued at $592,000 after buying an additional 21 shares during the period. Jacobi Capital Management LLC increased its holdings in 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 buying an additional 21 shares during the period. Chicago Partners Investment Group LLC increased its holdings in Roper Technologies by 0.7% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,310 shares of the industrial products company’s stock valued at $1,582,000 after buying an additional 22 shares during the period. Finally, My Legacy Advisors LLC increased its holdings in Roper Technologies by 1.0% in the 4th quarter. My Legacy Advisors LLC now owns 2,129 shares of the industrial products company’s stock valued at $1,133,000 after buying an additional 22 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Down 2.5 %

Shares of NYSE ROP opened at $526.78 on Monday. The firm’s 50-day simple moving average is $545.05 and its 200 day simple moving average is $533.84. The company has a market cap of $56.38 billion, a price-to-earnings ratio of 38.23, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a 12-month low of $435.49 and a 12-month high of $565.00.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping 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 net margin of 23.21% and a return on equity of 10.75%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.90 EPS. On average, research analysts expect that Roper Technologies, Inc. will post 18.08 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

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

Insider Buying and Selling

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the transaction, the director now directly owns 35,547 shares in the company, valued at approximately $19,540,541.37. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.94% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ROP shares. TD Cowen lowered shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target on the stock. in a report on Thursday, January 4th. Oppenheimer boosted their price target on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Raymond James boosted their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. Barclays boosted their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Mizuho boosted their target price on shares of Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $574.58.

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.