Bank of America Corp DE Has $258.55 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

Bank of America Corp DE trimmed its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 18.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 497,357 shares of the industrial products company's stock after selling 115,901 shares during the quarter. Bank of America Corp DE owned about 0.46% of Roper Technologies worth $258,551,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Roper Technologies by 7.5% in the third quarter. JPMorgan Chase & Co. now owns 662,033 shares of the industrial products company's stock valued at $368,382,000 after purchasing an additional 45,947 shares during the period. Sterneck Capital Management LLC acquired a new stake in Roper Technologies in the 4th quarter valued at approximately $226,000. Douglas Lane & Associates LLC raised its stake in Roper Technologies by 18.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company's stock valued at $57,005,000 after acquiring an additional 17,466 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its position in Roper Technologies by 13.7% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 7,186 shares of the industrial products company's stock worth $3,735,000 after acquiring an additional 868 shares during the period. Finally, Czech National Bank grew its stake in shares of Roper Technologies by 6.5% in the fourth quarter. Czech National Bank now owns 23,249 shares of the industrial products company's stock worth $12,086,000 after purchasing an additional 1,412 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction 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 $18,540,925.18. This represents a 8.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.78% of the company's stock.

Roper Technologies Stock Down 0.8 %

NYSE:ROP traded down $4.50 on Friday, hitting $570.48. 333,225 shares of the company's stock traded hands, compared to its average volume of 549,790. The company has a market cap of $61.34 billion, a PE ratio of 39.78, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. The firm has a 50-day moving average price of $565.97 and a 200-day moving average price of $555.35. 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 1 year low of $499.47 and a 1 year high of $595.17.

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

Roper Technologies Dividend Announcement

The business 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. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.58%. Roper Technologies's dividend payout ratio (DPR) is presently 23.81%.

Analyst Ratings Changes

Several research firms recently weighed in on ROP. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. Royal Bank of Canada increased their price objective on shares of Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and boosted their target price for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Oppenheimer reaffirmed an "outperform" rating and set a $640.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. Finally, William Blair started coverage on Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Roper Technologies has a consensus rating of "Moderate Buy" and a consensus 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.