UNIVEST FINANCIAL Corp Sells 70 Shares of Roper Technologies, Inc. (NYSE:ROP)

UNIVEST FINANCIAL Corp lessened its stake in Roper Technologies, Inc. (NYSE:ROP) by 0.6% during the fourth quarter, Holdings Channel reports. The firm owned 10,867 shares of the industrial products company’s stock after selling 70 shares during the period. Roper Technologies makes up approximately 1.8% of UNIVEST FINANCIAL Corp’s portfolio, making the stock its 19th largest position. UNIVEST FINANCIAL Corp’s holdings in Roper Technologies were worth $5,924,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Commonwealth Equity Services LLC increased its stake in shares of Roper Technologies by 2.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 19,712 shares of the industrial products company’s stock worth $9,546,000 after purchasing an additional 553 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of Roper Technologies by 16.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 4,403 shares of the industrial products company’s stock valued at $2,132,000 after purchasing an additional 623 shares during the period. Pinnacle Associates Ltd. lifted its stake in shares of Roper Technologies by 30.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 1,320 shares of the industrial products company’s stock valued at $639,000 after buying an additional 305 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in Roper Technologies in the 3rd quarter worth approximately $220,000. Finally, Forsta AP Fonden raised its stake in shares of Roper Technologies by 1.1% during the 3rd quarter. Forsta AP Fonden now owns 18,100 shares of the industrial products company’s stock valued at $8,765,000 after purchasing an additional 200 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ROP has been the topic of a number of research analyst reports. Wells Fargo & Company upped their target price on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Royal Bank of Canada lowered their price target on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Mizuho lifted their price target on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Raymond James boosted 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 note on Friday, February 2nd. Finally, Barclays lifted their price objective on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $584.82.

Insiders Place Their Bets

In other news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the completion of the transaction, the director now owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.94% of the stock is currently owned by company insiders.

Roper Technologies Stock Up 0.9 %

Shares of ROP stock traded up $4.72 during mid-day trading on Tuesday, hitting $520.26. The company’s stock had a trading volume of 288,698 shares, compared to its average volume of 522,851. The stock has a market cap of $55.69 billion, a price-to-earnings ratio of 37.41, a PEG ratio of 2.71 and a beta of 1.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. Roper Technologies, Inc. has a 52-week low of $441.06 and a 52-week high of $565.00. The business has a 50-day moving average price of $540.75 and a 200 day moving average price of $534.55.

Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the business posted $3.90 earnings per share. The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. Research analysts predict that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors 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 0.58%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is 21.77%.

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.