Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Geneva Capital Management LLC

Geneva Capital Management LLC cut its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 55,216 shares of the industrial products company’s stock after selling 1,903 shares during the quarter. Geneva Capital Management LLC owned 0.05% of Roper Technologies worth $30,102,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Roper Technologies by 1.0% during the third 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 in the last quarter. Principal Financial Group Inc. grew its position in shares of Roper Technologies by 1.7% in the third 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 purchasing an additional 42,962 shares during the period. Northern Trust Corp grew its position in shares of Roper Technologies by 5.0% in the third quarter. Northern Trust Corp now owns 1,137,241 shares of the industrial products company’s stock valued at $550,743,000 after purchasing an additional 54,396 shares during the period. Invesco Ltd. grew its position in shares of Roper Technologies by 1.0% in the third quarter. Invesco Ltd. now owns 1,033,556 shares of the industrial products company’s stock valued at $500,531,000 after purchasing an additional 9,846 shares during the period. Finally, Mackenzie Financial Corp grew its position in shares of Roper Technologies by 45.6% in the fourth quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock valued at $488,968,000 after purchasing an additional 280,873 shares during the period. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Stock Up 0.4 %

Roper Technologies stock traded up $2.28 during mid-day trading on Thursday, hitting $523.33. 311,583 shares of the company’s stock were exchanged, compared to its average volume of 520,076. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a 1-year low of $441.06 and a 1-year high of $565.00. The stock has a 50 day moving average of $539.76 and a two-hundred day moving average of $534.72. The stock has a market cap of $56.02 billion, a P/E ratio of 37.98, a P/E/G ratio of 2.71 and a beta of 1.00.

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

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s payout ratio is 21.77%.

Analysts Set New Price Targets

ROP has been the subject of a number of recent analyst reports. Raymond James lifted their price objective on Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research report on Friday, February 2nd. Wells Fargo & Company boosted their price target on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Barclays boosted their price objective on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Oppenheimer restated an “outperform” rating and set a $650.00 price objective on shares of Roper Technologies in a research note on Monday, April 29th. Finally, Royal Bank of Canada reduced their price objective on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $584.82.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction 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 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 Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.94% of the company’s stock.

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.