Roper Technologies, Inc. (NYSE:ROP) Shares Sold by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora lowered its position in Roper Technologies, Inc. (NYSE:ROP) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,821 shares of the industrial products company’s stock after selling 145 shares during the quarter. OLD Second National Bank of Aurora’s holdings in Roper Technologies were worth $3,173,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. OFI Invest Asset Management purchased a new stake in Roper Technologies during the 3rd quarter worth about $25,000. Altshuler Shaham Ltd acquired a new position in shares of Roper Technologies in the 3rd quarter valued at about $27,000. Compass Wealth Management LLC acquired a new position in Roper Technologies during the 4th quarter worth approximately $30,000. Fortis Capital Advisors LLC acquired a new stake in shares of Roper Technologies during the fourth quarter worth approximately $30,000. Finally, Independence Bank of Kentucky acquired a new stake in shares of Roper Technologies in the 4th quarter valued at about $31,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Buying and Selling

In related news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were 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 owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.94% of the stock is currently owned by company insiders.

Roper Technologies Stock Up 0.5 %

ROP traded up $2.58 during trading on Thursday, reaching $529.05. 94,283 shares of the stock were exchanged, compared to its average volume of 490,206. Roper Technologies, Inc. has a twelve month low of $430.03 and a twelve month high of $565.00. The stock has a market cap of $56.62 billion, a P/E ratio of 40.84, a price-to-earnings-growth ratio of 2.78 and a beta of 0.99. The stock’s 50 day moving average price is $546.31 and its two-hundred day moving average price is $531.43. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 EPS for the quarter, beating 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 net margin of 22.41% and a return on equity of 10.63%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the company earned $3.92 earnings per share. Equities analysts expect that Roper Technologies, Inc. will post 18.07 EPS for the current year.

Roper Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

ROP has been the topic of a number of recent analyst reports. Mizuho upped their target price on shares of Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Wells Fargo & Company increased their target price on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Raymond James increased 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. Barclays increased their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Oppenheimer increased their target price on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average price target 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.