Roper Technologies, Inc. (NYSE:ROP) Stake Reduced by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.0% in the fourth quarter, HoldingsChannel reports. The fund owned 30,358 shares of the industrial products company’s stock after selling 1,267 shares during the period. Yousif Capital Management LLC’s holdings in Roper Technologies were worth $16,550,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Schwartz Investment Counsel Inc. boosted its position 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 boosted its position 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. Daiwa Securities Group Inc. boosted its position in Roper Technologies by 42.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 14,648 shares of the industrial products company’s stock worth $7,986,000 after acquiring an additional 4,334 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position 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. Finally, Crestwood Advisors Group LLC boosted its position 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 and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Up 0.1 %

Roper Technologies stock traded up $0.51 during mid-day trading on Tuesday, hitting $539.62. The company’s stock had a trading volume of 381,455 shares, compared to its average volume of 498,621. Roper Technologies, Inc. has a 52-week low of $430.03 and a 52-week high of $565.00. The firm’s 50 day moving average is $545.66 and its 200 day moving average is $533.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46. The company has a market cap of $57.75 billion, a PE ratio of 41.86, a price-to-earnings-growth ratio of 2.82 and a beta of 0.99.

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

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.27%.

Insider Transactions at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the firm’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 transaction, the director now directly owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.94% of the company’s stock.

Analyst Upgrades and Downgrades

ROP has been the subject of several research reports. Barclays raised their target price on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada raised their target price on Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Wells Fargo & Company raised their target price 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 raised their target price on Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Finally, Raymond James increased their price target on Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research report on Friday, February 2nd. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $574.58.

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.