Advisory Services Network LLC Has $4.73 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Advisory Services Network LLC lowered its holdings in Roper Technologies, Inc. (NYSE:ROP) by 5.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,683 shares of the industrial products company’s stock after selling 479 shares during the period. Advisory Services Network LLC’s holdings in Roper Technologies were worth $4,734,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. WealthPlan Investment Management LLC increased its holdings in Roper Technologies by 478.3% in the third quarter. WealthPlan Investment Management LLC now owns 3,817 shares of the industrial products company’s stock valued at $1,848,000 after purchasing an additional 3,157 shares during the last quarter. Private Advisor Group LLC increased its holdings in Roper Technologies by 8.5% in the third quarter. Private Advisor Group LLC now owns 5,120 shares of the industrial products company’s stock valued at $2,480,000 after purchasing an additional 402 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Roper Technologies by 21.9% in the third quarter. EverSource Wealth Advisors LLC now owns 312 shares of the industrial products company’s stock valued at $151,000 after purchasing an additional 56 shares during the last quarter. NBC Securities Inc. bought a new stake in Roper Technologies in the third quarter valued at about $100,000. Finally, Lincoln National Corp increased its holdings in Roper Technologies by 9.7% in the third quarter. Lincoln National Corp now owns 666 shares of the industrial products company’s stock valued at $323,000 after purchasing an additional 59 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analysts Set New Price Targets

ROP has been the subject of several recent analyst reports. Royal Bank of Canada lowered their price target on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Oppenheimer restated an “outperform” rating and issued a $650.00 price target on shares of Roper Technologies in a report on Monday, April 29th. Raymond James upped their price objective 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. Mizuho upped their price objective on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Finally, Barclays upped their price objective on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $584.82.

Roper Technologies Stock Up 0.0 %

NYSE ROP traded up $0.04 during trading hours on Friday, hitting $544.66. 369,948 shares of the company traded hands, compared to its average volume of 611,961. The business’s 50-day moving average is $537.03 and its 200-day moving average is $538.64. Roper Technologies, Inc. has a twelve month low of $441.06 and a twelve month high of $565.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. The stock has a market capitalization of $58.30 billion, a price-to-earnings ratio of 39.53, a P/E/G ratio of 2.86 and a beta of 1.00.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data 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. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.90 earnings per share. Sell-side analysts anticipate that Roper Technologies, Inc. will post 18.15 earnings per share for the current year.

Roper Technologies Announces Dividend

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

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the sale, the director now owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.87% of the company’s stock.

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.