Peninsula Asset Management Inc. Cuts Stake in Roper Technologies, Inc. (NYSE:ROP)

Peninsula Asset Management Inc. lowered its position in shares of Roper Technologies, Inc. (NYSE:ROPFree Report) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,541 shares of the industrial products company’s stock after selling 75 shares during the quarter. Roper Technologies accounts for 2.4% of Peninsula Asset Management Inc.’s investment portfolio, making the stock its 15th largest holding. Peninsula Asset Management Inc.’s holdings in Roper Technologies were worth $4,111,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ROP. AGF Management Ltd. boosted its stake in shares of Roper Technologies by 470.3% during the 4th quarter. AGF Management Ltd. now owns 6,798 shares of the industrial products company’s stock worth $3,706,000 after acquiring an additional 5,606 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Roper Technologies by 39.5% during the fourth quarter. BNP Paribas Financial Markets now owns 172,797 shares of the industrial products company’s stock worth $94,204,000 after purchasing an additional 48,932 shares during the last quarter. MPS Loria Financial Planners LLC purchased a new stake in Roper Technologies during the fourth quarter worth $224,000. VisionPoint Advisory Group LLC acquired a new stake in Roper Technologies in the fourth quarter valued at $32,000. Finally, Mount Lucas Management LP purchased a new position in shares of Roper Technologies in the fourth quarter valued at $2,751,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Up 0.0 %

Shares of ROP stock traded up $0.17 during mid-day trading on Friday, hitting $523.50. 346,738 shares of the company’s stock were exchanged, compared to its average volume of 618,508. The stock has a market cap of $56.04 billion, a price-to-earnings ratio of 37.99, a PEG ratio of 2.75 and a beta of 1.00. The stock has a 50-day simple moving average of $538.84 and a two-hundred day simple moving average of $534.96. Roper Technologies, Inc. has a fifty-two week low of $441.06 and a fifty-two week high of $565.00. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROPGet Free Report) last posted its quarterly earnings results 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 company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The firm’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.90 EPS. Equities analysts expect that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.57%. Roper Technologies’s dividend payout ratio is presently 21.77%.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was 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 $19,540,541.37. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ROP shares. Raymond James increased their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research note on Friday, February 2nd. Oppenheimer restated an “outperform” rating and set a $650.00 price objective on shares of Roper Technologies in a research report on Monday, April 29th. Barclays upped their target price on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Wells Fargo & Company raised their price target on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Finally, Royal Bank of Canada cut 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. 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 company’s stock. According to data from MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and an average target price of $584.82.

View Our Latest Stock Analysis on ROP

Roper Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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