Roper Technologies, Inc. (NYSE:ROP) Shares Sold by M&T Bank Corp

M&T Bank Corp reduced its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,977 shares of the industrial products company’s stock after selling 374 shares during the period. M&T Bank Corp’s holdings in Roper Technologies were worth $16,888,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of ROP. OFI Invest Asset Management acquired a new position in Roper Technologies in the 3rd quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new stake in Roper Technologies during the 3rd quarter worth approximately $27,000. Independence Bank of Kentucky acquired a new stake in Roper Technologies during the 4th quarter worth approximately $31,000. Wetzel Investment Advisors Inc. acquired a new stake in Roper Technologies during the 4th quarter worth approximately $31,000. Finally, Lee Financial Co purchased a new position in Roper Technologies in the 3rd quarter valued at approximately $34,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on ROP shares. Royal Bank of Canada reduced their price objective on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Wells Fargo & Company boosted their price objective on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Raymond James raised their target price 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. Mizuho boosted their price target on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Finally, Barclays raised their price objective on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $584.82.

Roper Technologies Stock Performance

NYSE ROP traded up $6.39 during trading hours on Friday, hitting $517.21. The company had a trading volume of 1,067,608 shares, compared to its average volume of 573,615. The business has a 50 day moving average of $541.39 and a 200-day moving average of $533.82. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. Roper Technologies, Inc. has a 1-year low of $441.06 and a 1-year high of $565.00. The company has a market cap of $55.36 billion, a PE ratio of 37.53, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00.

Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The business’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.90 EPS. As a group, equities research analysts expect that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were given a $0.75 dividend. The ex-dividend date was Thursday, April 4th. This represents a $3.00 annualized dividend and a yield of 0.58%. 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 Roper Technologies stock in a transaction 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 directly owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.94% of the stock is owned by company insiders.

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.