Moreno Evelyn V Has $2.05 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Moreno Evelyn V trimmed its position in Roper Technologies, Inc. (NYSE:ROP) by 65.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,765 shares of the industrial products company’s stock after selling 7,050 shares during the period. Moreno Evelyn V’s holdings in Roper Technologies were worth $2,053,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ROP. Norges Bank acquired a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $756,176,000. Mackenzie Financial Corp raised its holdings in Roper Technologies by 45.6% during the 4th quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock worth $488,968,000 after buying an additional 280,873 shares during the period. Corient Private Wealth LLC raised its holdings in Roper Technologies by 32.8% during the 4th quarter. Corient Private Wealth LLC now owns 858,949 shares of the industrial products company’s stock worth $468,273,000 after buying an additional 211,967 shares during the period. iA Global Asset Management Inc. acquired a new stake in Roper Technologies during the 3rd quarter worth approximately $82,379,000. Finally, Envestnet Asset Management Inc. raised its holdings in Roper Technologies by 81.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 318,210 shares of the industrial products company’s stock worth $154,103,000 after buying an additional 143,122 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the company’s 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 sale, the director now directly owns 35,547 shares in the company, valued at $19,540,541.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ROP shares. Barclays lifted 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. Royal Bank of Canada lowered their price objective on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Mizuho raised their target price on shares of Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. 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 research note on Friday, February 2nd. Finally, Oppenheimer reissued an “outperform” rating and issued a $650.00 target price on shares of Roper Technologies in a research note on Monday, April 29th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and an average target price of $584.82.

Roper Technologies Stock Performance

ROP stock traded down $0.94 during midday trading on Thursday, reaching $546.51. 153,855 shares of the company were exchanged, compared to its average volume of 519,424. The business has a 50-day moving average price of $537.14 and a two-hundred day moving average price of $538.09. The firm has a market capitalization of $58.50 billion, a price-to-earnings ratio of 39.73, a price-to-earnings-growth ratio of 2.84 and a beta of 1.00. Roper Technologies, Inc. has a one year low of $441.06 and a one year high of $565.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.49 and a quick ratio of 0.45.

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 company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. Roper Technologies’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.90 earnings per share. Equities research analysts forecast that Roper Technologies, Inc. will post 18.15 EPS for the current year.

Roper Technologies Announces Dividend

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

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.