Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC cut its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 225,042 shares of the industrial products company’s stock after selling 1,930 shares during the quarter. Roper Technologies comprises about 11.3% of Clear Harbor Asset Management LLC’s holdings, making the stock its largest position. Clear Harbor Asset Management LLC’s holdings in Roper Technologies were worth $122,686,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. OFI Invest Asset Management acquired a new stake in Roper Technologies in the third quarter worth $25,000. Altshuler Shaham Ltd acquired a new stake in Roper Technologies in the third quarter worth $27,000. Compass Wealth Management LLC acquired a new stake in Roper Technologies in the fourth quarter worth $30,000. Fortis Capital Advisors LLC acquired a new stake in Roper Technologies in the fourth quarter worth $30,000. Finally, Lee Financial Co acquired a new stake in Roper Technologies in the third quarter worth $34,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on ROP shares. Mizuho raised their price target on shares of Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Wells Fargo & Company raised their price objective on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Royal Bank of Canada raised their price target on shares of Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. TD Cowen lowered 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. Finally, Raymond James raised their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research report on Friday, February 2nd. Four equities 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, Roper Technologies currently has an average rating of “Moderate Buy” and an average price target of $574.25.

Roper Technologies Stock Performance

NYSE ROP traded up $1.66 during trading hours on Thursday, reaching $560.84. 477,991 shares of the company were exchanged, compared to its average volume of 493,597. Roper Technologies, Inc. has a 1 year low of $430.03 and a 1 year high of $563.15. The business’s 50 day simple moving average is $548.44 and its 200-day simple moving average is $526.44. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $60.02 billion, a P/E ratio of 43.51, a P/E/G ratio of 2.92 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last posted its earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.03. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.58 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The company’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the company earned $3.92 earnings per share. On average, equities research analysts expect that Roper Technologies, Inc. will post 18.07 earnings per share for the current year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Friday, April 5th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $3.00 annualized dividend and a yield of 0.53%. Roper Technologies’s dividend payout ratio is currently 23.27%.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the sale, the director now directly owns 35,547 shares in the company, valued at $19,540,541.37. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.94% 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.