Roper Technologies, Inc. (NYSE:ROP) Stock Holdings Lowered by Eagle Ridge Investment Management

Eagle Ridge Investment Management reduced its holdings in Roper Technologies, Inc. (NYSE:ROP) by 34.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,798 shares of the industrial products company’s stock after selling 4,144 shares during the quarter. Eagle Ridge Investment Management’s holdings in Roper Technologies were worth $4,251,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Choreo LLC raised its holdings in shares of Roper Technologies by 219.6% during the fourth quarter. Choreo LLC now owns 1,678 shares of the industrial products company’s stock valued at $915,000 after acquiring an additional 1,153 shares during the period. Gilbert & Cook Inc. raised its holdings in shares of Roper Technologies by 5.6% during the fourth quarter. Gilbert & Cook Inc. now owns 1,830 shares of the industrial products company’s stock valued at $998,000 after acquiring an additional 97 shares during the period. Marco Investment Management LLC raised its holdings in shares of Roper Technologies by 2.7% during the fourth quarter. Marco Investment Management LLC now owns 8,453 shares of the industrial products company’s stock valued at $4,608,000 after acquiring an additional 220 shares during the period. Silver Oak Securities Incorporated increased its stake in Roper Technologies by 37.1% in the 4th quarter. Silver Oak Securities Incorporated now owns 736 shares of the industrial products company’s stock valued at $401,000 after buying an additional 199 shares during the period. Finally, Fiduciary Group LLC increased its stake in Roper Technologies by 54.7% in the 4th quarter. Fiduciary Group LLC now owns 1,502 shares of the industrial products company’s stock valued at $819,000 after buying an additional 531 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Price Performance

Shares of ROP stock traded down $13.96 during mid-day trading on Monday, reaching $512.82. The company’s stock had a trading volume of 401,158 shares, compared to its average volume of 504,000. 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 $54.88 billion, a P/E ratio of 37.44, a PEG ratio of 2.77 and a beta of 0.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. The firm’s 50-day moving average is $545.05 and its two-hundred day moving average is $533.84.

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, topping analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter last year, the company posted $3.90 EPS. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, research analysts predict that Roper Technologies, Inc. will post 18.08 earnings per share for the current 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. This represents a $3.00 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%.

Insider Activity

In other news, Director Christopher Wright sold 200 shares of the firm’s stock in a transaction dated 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 owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.94% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on ROP. Oppenheimer reiterated an “outperform” rating and issued a $650.00 price objective on shares of Roper Technologies in a research note on Monday. Royal Bank of Canada decreased their target price on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a research report on Monday. Barclays boosted their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Mizuho boosted their target price on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Wells Fargo & Company boosted their target price on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $579.83.

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.