Roper Technologies, Inc. (NYSE:ROP) Shares Sold by AXS Investments LLC

AXS Investments LLC cut its holdings in Roper Technologies, Inc. (NYSE:ROP) by 1.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,039 shares of the industrial products company’s stock after selling 33 shares during the quarter. AXS Investments LLC’s holdings in Roper Technologies were worth $1,112,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Commerce Bank boosted its stake in shares of Roper Technologies by 3.9% in the fourth quarter. Commerce Bank now owns 5,581 shares of the industrial products company’s stock valued at $3,043,000 after buying an additional 210 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Roper Technologies by 4.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 4,594 shares of the industrial products company’s stock valued at $2,504,000 after buying an additional 191 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $1,528,000. EverSource Wealth Advisors LLC boosted its stake in shares of Roper Technologies by 17.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 368 shares of the industrial products company’s stock valued at $201,000 after buying an additional 56 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in Roper Technologies during the fourth quarter worth $204,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Stock Up 0.3 %

Shares of NYSE ROP traded up $1.61 on Friday, hitting $546.23. The company had a trading volume of 160,770 shares, compared to its average volume of 519,382. Roper Technologies, Inc. has a 12-month low of $441.06 and a 12-month high of $565.00. The business has a 50 day moving average of $537.09 and a two-hundred day moving average of $538.14. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $58.47 billion, a P/E ratio of 39.52, a PEG ratio of 2.87 and a beta of 1.00.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. Roper Technologies’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.90 earnings per share. As a group, equities research analysts forecast that Roper Technologies, Inc. will post 18.15 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s dividend payout ratio is currently 21.77%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Oppenheimer reiterated an “outperform” rating and set a $650.00 target price on shares of Roper Technologies in a research report on Monday, April 29th. Raymond James boosted their target price on Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. Barclays upped their price objective on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Mizuho upped their target price on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Finally, Royal Bank of Canada dropped their target price on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $584.82.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the stock in a transaction that occurred 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 owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.87% of the stock is currently owned by company insiders.

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.