Greenleaf Trust Sells 901 Shares of Roper Technologies, Inc. (NYSE:ROP)

Greenleaf Trust lowered its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,510 shares of the industrial products company’s stock after selling 901 shares during the period. Greenleaf Trust’s holdings in Roper Technologies were worth $20,449,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Schwartz Investment Counsel Inc. increased its stake in Roper Technologies by 3.2% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 112,700 shares of the industrial products company’s stock worth $61,441,000 after acquiring an additional 3,500 shares during the period. Sequoia Financial Advisors LLC increased its stake in Roper Technologies by 229.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 5,255 shares of the industrial products company’s stock worth $2,865,000 after acquiring an additional 3,660 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake 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 acquiring an additional 11,744 shares during the period. Toth Financial Advisory Corp increased its stake in Roper Technologies by 1.8% during the 3rd quarter. Toth Financial Advisory Corp now owns 3,066 shares of the industrial products company’s stock worth $1,485,000 after acquiring an additional 54 shares during the period. Finally, Crestwood Advisors Group LLC increased its stake in Roper Technologies by 5.3% during the 4th quarter. Crestwood Advisors Group LLC now owns 79,355 shares of the industrial products company’s stock worth $43,262,000 after acquiring an additional 3,959 shares during the period. Institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the completion of the transaction, the director now directly owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.94% of the company’s stock.

Roper Technologies Trading Up 1.3 %

ROP traded up $7.11 during midday trading on Friday, hitting $534.38. 764,380 shares of the company were exchanged, compared to its average volume of 499,155. The firm has a market capitalization of $57.19 billion, a P/E ratio of 41.46, a P/E/G ratio of 2.77 and a beta of 0.99. Roper Technologies, Inc. has a 1-year low of $430.03 and a 1-year high of $565.00. The firm’s 50 day moving average price is $545.95 and its 200-day moving average price is $531.40. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33.

Roper Technologies (NYSE:ROP) last announced its 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. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.58 billion. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.92 EPS. As a group, equities analysts forecast that Roper Technologies, Inc. will post 18.07 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, April 5th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.27%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ROP shares. Wells Fargo & Company lifted their price target on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Mizuho lifted their price target on Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. TD Cowen lowered Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target on the stock. in a research note on Thursday, January 4th. Oppenheimer raised their price objective on Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Finally, Raymond James raised their price objective on Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. Four research 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $574.58.

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.