Simmons Bank Sells 218 Shares of Roper Technologies, Inc. (NYSE:ROP)

Simmons Bank trimmed its position in Roper Technologies, Inc. (NYSE:ROP) by 4.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,256 shares of the industrial products company’s stock after selling 218 shares during the period. Simmons Bank’s holdings in Roper Technologies were worth $2,320,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Roper Technologies by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 9,782,155 shares of the industrial products company’s stock worth $4,737,302,000 after buying an additional 100,621 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Roper Technologies by 1.7% during the 3rd quarter. Principal Financial Group Inc. now owns 2,528,982 shares of the industrial products company’s stock valued at $1,224,736,000 after acquiring an additional 42,962 shares during the period. Northern Trust Corp raised its holdings in Roper Technologies by 5.0% during the 3rd quarter. Northern Trust Corp now owns 1,137,241 shares of the industrial products company’s stock valued at $550,743,000 after acquiring an additional 54,396 shares during the period. Invesco Ltd. raised its holdings in Roper Technologies by 1.0% during the 3rd quarter. Invesco Ltd. now owns 1,033,556 shares of the industrial products company’s stock valued at $500,531,000 after acquiring an additional 9,846 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in Roper Technologies by 45.6% during the 4th quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock valued at $488,968,000 after acquiring an additional 280,873 shares during the period. 93.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Raymond James upped their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. Wells Fargo & Company raised their target price 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 cut their price target on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Barclays raised their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, 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. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $584.82.

Insiders Place Their Bets

In other news, Director Christopher Wright sold 200 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $549.71, for a total value of $109,942.00. Following the sale, the director now directly owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.94% of the stock is currently owned by company insiders.

Roper Technologies Stock Up 0.9 %

Shares of NYSE:ROP traded up $4.72 during trading on Tuesday, hitting $520.26. The company’s stock had a trading volume of 291,246 shares, compared to its average volume of 522,880. The business has a 50 day moving average price of $540.21 and a two-hundred day moving average price of $534.82. The company has a market capitalization of $55.69 billion, a PE ratio of 37.75, a P/E/G 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 fifty-two week low of $441.06 and a fifty-two week high of $565.00.

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

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.58%. 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.