Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Compass Capital Management Inc.

Compass Capital Management Inc. cut its stake in Roper Technologies, Inc. (NYSE:ROP) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,093 shares of the industrial products company’s stock after selling 5,140 shares during the quarter. Roper Technologies comprises about 4.1% of Compass Capital Management Inc.’s investment portfolio, making the stock its 11th biggest position. Compass Capital Management Inc.’s holdings in Roper Technologies were worth $57,294,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ROP. Schwartz Investment Counsel Inc. increased its position in shares of Roper Technologies by 3.2% during the fourth 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 last quarter. Sequoia Financial Advisors LLC increased its holdings in Roper Technologies by 229.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 5,255 shares of the industrial products company’s stock valued at $2,865,000 after buying an additional 3,660 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Roper Technologies by 42.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 14,648 shares of the industrial products company’s stock valued at $7,986,000 after buying an additional 4,334 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Roper Technologies by 4.0% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 305,613 shares of the industrial products company’s stock valued at $166,611,000 after buying an additional 11,744 shares during the last quarter. Finally, Crestwood Advisors Group LLC increased its holdings in Roper Technologies by 5.3% in the fourth quarter. Crestwood Advisors Group LLC now owns 79,355 shares of the industrial products company’s stock valued at $43,262,000 after buying an additional 3,959 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Price Performance

Shares of NYSE:ROP traded down $2.12 on Tuesday, reaching $511.46. 882,955 shares of the company traded hands, compared to its average volume of 512,318. The company’s 50 day moving average is $544.42 and its 200-day moving average is $533.92. The stock has a market capitalization of $54.74 billion, a PE ratio of 37.27, a P/E/G ratio of 2.77 and a beta of 0.99. Roper Technologies, Inc. has a fifty-two week low of $441.06 and a fifty-two week 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 released 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 analyst estimates of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.90 earnings per share. As a group, analysts anticipate that Roper Technologies, Inc. will post 18.08 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were issued a $0.75 dividend. The ex-dividend date was Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.59%. Roper Technologies’s payout ratio is currently 21.77%.

Analysts Set New Price Targets

A number of brokerages have commented on ROP. TD Cowen downgraded Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 target price for the company. in a research note on Thursday, January 4th. Barclays lifted 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. Oppenheimer reiterated an “outperform” rating and set a $650.00 price objective on shares of Roper Technologies in a research report on Monday. Mizuho boosted their price objective on 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 price objective on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Four equities research 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $579.83.

Insider Activity

In related news, Director Christopher Wright sold 200 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of 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 filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.94% of the company’s stock.

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.