Bamco Inc. NY Sells 4,480 Shares of Roper Technologies, Inc. (NYSE:ROP)

Bamco Inc. NY decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 253,317 shares of the industrial products company's stock after selling 4,480 shares during the quarter. Bamco Inc. NY owned approximately 0.24% of Roper Technologies worth $131,687,000 at the end of the most recent reporting period.

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

Insider Activity

In related news, CFO Jason Conley sold 3,000 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the sale, the chief financial officer now directly owns 31,522 shares of the company's stock, valued at $18,540,925.18. This represents a 8.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.87% of the company's stock.

Roper Technologies Price Performance

ROP traded down $1.43 during trading hours on Tuesday, hitting $569.70. The company's stock had a trading volume of 584,731 shares, compared to its average volume of 548,459. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The business's 50-day moving average price is $566.67 and its 200-day moving average price is $554.88. The stock has a market cap of $61.25 billion, a price-to-earnings ratio of 39.73, a P/E/G ratio of 2.77 and a beta of 1.08.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share 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 company earned $4.41 EPS. The firm's revenue was up 12.0% on a year-over-year basis. Sell-side analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Royal Bank of Canada boosted their target price on Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Stifel Nicolaus cut their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Raymond James reiterated a "strong-buy" rating and issued a $655.00 target price on shares of Roper Technologies in a research report on Monday, April 28th. TD Cowen upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and upped their price target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Finally, Robert W. Baird lifted their price objective on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $620.91.

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.