Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Mountain Pacific Investment Advisers Inc. ID

Mountain Pacific Investment Advisers Inc. ID lessened its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 105,744 shares of the industrial products company’s stock after selling 199 shares during the period. Roper Technologies makes up approximately 3.6% of Mountain Pacific Investment Advisers Inc. ID’s holdings, making the stock its 7th largest position. Mountain Pacific Investment Advisers Inc. ID owned 0.10% of Roper Technologies worth $57,649,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Schwartz Investment Counsel Inc. boosted its position in Roper Technologies by 3.2% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 112,700 shares of the industrial products company’s stock valued at $61,441,000 after buying an additional 3,500 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of Roper Technologies by 229.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 5,255 shares of the industrial products company’s stock valued at $2,865,000 after purchasing an additional 3,660 shares during the period. Daiwa Securities Group Inc. grew its position in shares of Roper Technologies by 42.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 14,648 shares of the industrial products company’s stock valued at $7,986,000 after purchasing an additional 4,334 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Roper Technologies by 4.0% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 305,613 shares of the industrial products company’s stock worth $166,611,000 after purchasing an additional 11,744 shares in the last quarter. Finally, Crestwood Advisors Group LLC boosted its position in shares of Roper Technologies by 5.3% during the fourth quarter. Crestwood Advisors Group LLC now owns 79,355 shares of the industrial products company’s stock worth $43,262,000 after buying an additional 3,959 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Stock Down 2.5 %

ROP stock opened at $526.78 on Friday. Roper Technologies, Inc. has a 1-year low of $435.49 and a 1-year high of $565.00. The business has a fifty day moving average price of $545.05 and a 200-day moving average price of $533.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46. The stock has a market capitalization of $56.38 billion, a P/E ratio of 40.87, a P/E/G ratio of 2.83 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.07. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. Roper Technologies’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.90 earnings per share. Equities analysts forecast that Roper Technologies, Inc. will post 18.08 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were given a dividend of $0.75 per share. The ex-dividend date was Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a yield of 0.57%. Roper Technologies’s dividend payout ratio (DPR) is presently 23.27%.

Wall Street Analysts Forecast Growth

ROP has been the subject of a number of recent analyst reports. TD Cowen cut Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective for the company. in a research report on Thursday, January 4th. Royal Bank of Canada lifted their price target on Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Mizuho boosted their price objective on Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st. Barclays lifted their target price on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, Oppenheimer boosted 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. Four investment 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, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $574.58.

Insider Transactions at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the 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 transaction, the director now owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.94% of the company’s stock.

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.