Zurcher Kantonalbank Zurich Cantonalbank Sells 4,847 Shares of Roper Technologies, Inc. (NYSE:ROP)

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 10.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,362 shares of the industrial products company’s stock after selling 4,847 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Roper Technologies were worth $23,094,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Schwartz Investment Counsel Inc. grew its holdings in shares of 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 valued at $61,441,000 after purchasing an additional 3,500 shares during the last quarter. 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 buying an additional 3,660 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 buying an additional 11,744 shares during the period. Toth Financial Advisory Corp boosted its position 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 buying an additional 54 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 buying an additional 3,959 shares during the period. 93.31% of the stock is owned by institutional investors.

Roper Technologies Stock Performance

Shares of ROP stock opened at $526.47 on Thursday. The firm has a market capitalization of $56.34 billion, a PE ratio of 40.84, a price-to-earnings-growth ratio of 2.78 and a beta of 0.99. The firm has a fifty day simple moving average of $546.31 and a two-hundred day simple moving average of $531.43. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. Roper Technologies, Inc. has a 12 month low of $430.03 and a 12 month high of $565.00.

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, beating analysts’ consensus estimates of $4.34 by $0.03. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the business posted $3.92 EPS. Roper Technologies’s quarterly revenue was up 12.7% on a year-over-year basis. Analysts forecast that Roper Technologies, Inc. will post 18.07 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ROP shares. Royal Bank of Canada lifted their target price on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. TD Cowen downgraded shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target on the stock. in a research report on Thursday, January 4th. Mizuho boosted their price target on shares of Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st. Oppenheimer boosted their price target on shares of Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Finally, Barclays boosted their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. 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 stock. According to MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $574.58.

Insider Buying and Selling

In other Roper Technologies 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 sale, the director now directly owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.94% of the stock is owned by insiders.

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.