Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Sonen Capital LLC

Sonen Capital LLC lessened its stake in Roper Technologies, Inc. (NYSE:ROP) by 5.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,115 shares of the industrial products company’s stock after selling 60 shares during the quarter. Roper Technologies makes up approximately 1.2% of Sonen Capital LLC’s holdings, making the stock its 29th biggest holding. Sonen Capital LLC’s holdings in Roper Technologies were worth $608,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. K.J. Harrison & Partners Inc acquired a new stake in Roper Technologies during the fourth quarter valued at approximately $556,000. Bahl & Gaynor Inc. raised its position in shares of Roper Technologies by 1.9% during the 4th quarter. Bahl & Gaynor Inc. now owns 19,863 shares of the industrial products company’s stock valued at $10,829,000 after acquiring an additional 367 shares in the last quarter. Bryn Mawr Capital Management LLC lifted its stake in Roper Technologies by 181.5% during the fourth quarter. Bryn Mawr Capital Management LLC now owns 2,745 shares of the industrial products company’s stock worth $1,496,000 after purchasing an additional 1,770 shares during the last quarter. Motley Fool Asset Management LLC boosted its holdings in Roper Technologies by 7.3% in the fourth quarter. Motley Fool Asset Management LLC now owns 2,941 shares of the industrial products company’s stock worth $1,603,000 after purchasing an additional 200 shares during the period. Finally, Syon Capital LLC increased its stake in Roper Technologies by 16.2% during the fourth quarter. Syon Capital LLC now owns 1,185 shares of the industrial products company’s stock valued at $646,000 after purchasing an additional 165 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Insiders Place Their Bets

In other news, Director Christopher Wright sold 200 shares of Roper Technologies 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 transaction, the director now directly owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.94% of the stock is currently owned by insiders.

Roper Technologies Trading Down 2.5 %

Shares of ROP stock opened at $526.78 on Friday. The firm has a market capitalization of $56.38 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 2.78 and a beta of 0.99. 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, Inc. has a 1 year low of $435.49 and a 1 year high of $565.00. The stock has a fifty day moving average of $545.05 and a two-hundred day moving average of $533.61.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.07. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 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 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.90 earnings per share. As a group, research analysts expect that Roper Technologies, Inc. will post 18.08 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.00 annualized dividend and a yield of 0.57%. Roper Technologies’s payout ratio is 21.77%.

Analyst Ratings Changes

A number of research firms have recently issued reports on ROP. Raymond James raised their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada lifted 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. Barclays increased their price target on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Oppenheimer boosted their price objective on Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Finally, Wells Fargo & Company upped their price objective on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Four 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $574.58.

Roper Technologies 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.