Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 27.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 231,993 shares of the industrial products company's stock after selling 88,848 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.22% of Roper Technologies worth $120,602,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. VSM Wealth Advisory LLC bought a new position in shares of Roper Technologies during the fourth quarter valued at approximately $26,000. CoreFirst Bank & Trust purchased a new stake in shares of Roper Technologies in the 4th quarter worth approximately $36,000. OFI Invest Asset Management purchased a new position in Roper Technologies during the fourth quarter valued at $38,000. Parvin Asset Management LLC bought a new stake in Roper Technologies in the fourth quarter worth $39,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock worth $40,000 after acquiring an additional 75 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ROP has been the subject of several recent analyst reports. TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and boosted their price target for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Royal Bank of Canada upped their price target on shares of Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Raymond James reissued a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. JPMorgan Chase & Co. raised their price objective on shares of Roper Technologies from $465.00 to $470.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $620.91.

Roper Technologies Price Performance

ROP traded down $4.50 on Friday, hitting $570.48. 333,225 shares of the company's stock were exchanged, compared to its average volume of 549,790. The stock has a market cap of $61.34 billion, a price-to-earnings ratio of 39.78, a P/E/G ratio of 2.77 and a beta of 1.08. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The firm has a 50-day moving average price of $565.97 and a 200-day moving average price of $555.35.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. During the same quarter in the previous year, the business earned $4.41 earnings per share. The business's revenue was up 12.0% compared to the same quarter last year. As a group, equities analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.58%. The ex-dividend date was Friday, April 4th. Roper Technologies's dividend payout ratio (DPR) is presently 23.81%.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,540,925.18. The trade was a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.78% of the company's stock.

Roper Technologies Company 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.