Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. decreased its position in Roper Technologies, Inc. (NYSE:ROP) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 54,033 shares of the industrial products company’s stock after selling 2,611 shares during the period. Tandem Investment Advisors Inc. owned approximately 0.05% of Roper Technologies worth $29,457,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its holdings in shares of Roper Technologies by 10.0% in the third quarter. Geneos Wealth Management Inc. now owns 231 shares of the industrial products company’s stock valued at $112,000 after acquiring an additional 21 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Roper Technologies by 0.6% in the third quarter. UMB Bank n.a. now owns 3,437 shares of the industrial products company’s stock valued at $1,664,000 after acquiring an additional 21 shares in the last quarter. NorthRock Partners LLC boosted its holdings in shares of Roper Technologies by 1.7% in the third quarter. NorthRock Partners LLC now owns 1,223 shares of the industrial products company’s stock valued at $592,000 after acquiring an additional 21 shares in the last quarter. Jacobi Capital Management LLC boosted its holdings in shares of Roper Technologies by 0.5% in the third quarter. Jacobi Capital Management LLC now owns 4,193 shares of the industrial products company’s stock valued at $2,030,000 after acquiring an additional 21 shares in the last quarter. Finally, Chicago Partners Investment Group LLC boosted its holdings in shares of Roper Technologies by 0.7% in the third quarter. Chicago Partners Investment Group LLC now owns 3,310 shares of the industrial products company’s stock valued at $1,582,000 after acquiring an additional 22 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the firm’s 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 approximately $19,540,541.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.94% of the stock is currently owned by company insiders.

Roper Technologies Stock Down 0.1 %

ROP stock traded down $0.51 during midday trading on Wednesday, reaching $526.47. The company had a trading volume of 426,007 shares, compared to its average volume of 495,698. Roper Technologies, Inc. has a 1 year low of $430.03 and a 1 year high of $565.00. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $56.34 billion, a P/E ratio of 40.84, a PEG ratio of 2.78 and a beta of 0.99. The company has a 50 day moving average of $546.76 and a two-hundred day moving average of $531.46.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 EPS for the quarter, topping the consensus estimate of $4.34 by $0.03. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the business posted $3.92 EPS. Roper Technologies’s quarterly revenue was up 12.7% on a year-over-year basis. On average, equities research analysts expect that Roper Technologies, Inc. will post 18.07 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, April 5th will be paid a dividend of $0.75 per share. The ex-dividend date is Thursday, April 4th. This represents a $3.00 annualized dividend and a dividend yield of 0.57%. Roper Technologies’s dividend payout ratio (DPR) is 23.27%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Mizuho raised their target price on shares of Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Oppenheimer raised their target price on shares of Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Raymond James raised their target price on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. Barclays upped their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Wells Fargo & Company upped their price target on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $574.58.

Roper Technologies 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.