Massachusetts Financial Services Co. MA Has $16.96 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Massachusetts Financial Services Co. MA lowered its holdings in shares of Roper Technologies, Inc. (NYSE:ROPFree Report) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,117 shares of the industrial products company’s stock after selling 154 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Roper Technologies were worth $16,964,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Gratus Capital LLC acquired a new position in Roper Technologies during the fourth quarter valued at approximately $709,000. Ieq Capital LLC boosted its holdings in Roper Technologies by 8.0% during the fourth quarter. Ieq Capital LLC now owns 9,375 shares of the industrial products company’s stock valued at $5,110,000 after acquiring an additional 691 shares during the period. USA Financial Formulas grew its position in shares of Roper Technologies by 436.2% in the fourth quarter. USA Financial Formulas now owns 2,665 shares of the industrial products company’s stock valued at $1,453,000 after purchasing an additional 2,168 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in Roper Technologies by 29.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,359 shares of the industrial products company’s stock valued at $4,557,000 after purchasing an additional 1,901 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Roper Technologies by 6.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 337,040 shares of the industrial products company’s stock worth $183,748,000 after buying an additional 19,563 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the transaction, the director now owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.94% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Raymond James raised their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. Wells Fargo & Company lifted their target price on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Royal Bank of Canada reduced their price objective on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a research report on Monday, April 29th. Oppenheimer restated an “outperform” rating and issued a $650.00 target price on shares of Roper Technologies in a research note on Monday, April 29th. Finally, Barclays lifted their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $584.82.

View Our Latest Analysis on ROP

Roper Technologies Stock Up 0.6 %

ROP opened at $541.89 on Friday. Roper Technologies, Inc. has a twelve month low of $441.06 and a twelve month high of $565.00. The firm has a market cap of $58.00 billion, a price-to-earnings ratio of 31.47, a PEG ratio of 2.84 and a beta of 1.00. The firm’s 50-day simple moving average is $537.60 and its 200-day simple moving average is $537.03. 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 (NYSE:ROPGet Free Report) last posted its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.07. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The company’s revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the business posted $3.90 earnings per share. Equities research analysts anticipate that Roper Technologies, Inc. will post 18.15 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were paid a $0.75 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.55%. Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%.

Roper Technologies Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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