Donaldson Capital Management LLC Decreases Position in Roper Technologies, Inc. (NYSE:ROP)

Donaldson Capital Management LLC decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 5.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 630 shares of the industrial products company’s stock after selling 37 shares during the quarter. Donaldson Capital Management LLC’s holdings in Roper Technologies were worth $353,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Schwartz Investment Counsel Inc. boosted its stake in Roper Technologies by 3.2% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 112,700 shares of the industrial products company’s stock valued at $61,441,000 after purchasing an additional 3,500 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in Roper Technologies by 229.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 5,255 shares of the industrial products company’s stock worth $2,865,000 after buying an additional 3,660 shares in the last quarter. Daiwa Securities Group Inc. raised its position in Roper Technologies by 42.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 14,648 shares of the industrial products company’s stock worth $7,986,000 after buying an additional 4,334 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Roper Technologies by 4.0% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 305,613 shares of the industrial products company’s stock valued at $166,611,000 after acquiring an additional 11,744 shares during the period. Finally, Crestwood Advisors Group LLC boosted its holdings in shares of Roper Technologies by 5.3% during the 4th quarter. Crestwood Advisors Group LLC now owns 79,355 shares of the industrial products company’s stock valued at $43,262,000 after acquiring an additional 3,959 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the business’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 transaction, the director now directly owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.94% of the company’s stock.

Roper Technologies Stock Performance

NYSE ROP traded down $13.63 on Friday, reaching $526.78. 856,081 shares of the stock were exchanged, compared to its average volume of 498,846. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. Roper Technologies, Inc. has a one year low of $435.49 and a one year high of $565.00. The firm has a market capitalization of $56.38 billion, a PE ratio of 40.87, a PEG ratio of 2.85 and a beta of 0.99. The company’s 50-day simple moving average is $545.05 and its two-hundred day simple moving average is $533.36.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 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 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 revenue was up 14.4% on a year-over-year basis. During the same period last year, the firm earned $3.90 EPS. Analysts expect that Roper Technologies, Inc. will post 18.08 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were given a $0.75 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.00 annualized dividend and a dividend yield of 0.57%. Roper Technologies’s payout ratio is 23.27%.

Analyst Ratings Changes

Several research firms have recently weighed in on ROP. TD Cowen cut shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective for the company. in a report on Thursday, January 4th. Barclays increased their price target on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Wells Fargo & Company lifted their price objective on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. Oppenheimer increased their target price on Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Finally, Mizuho boosted their price target on Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research note on Thursday, February 1st. Four investment 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 company. According to data from MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and an average 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.