Cetera Investment Advisers Sells 4,365 Shares of Roper Technologies, Inc. (NYSE:ROP)

Cetera Investment Advisers lessened its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 25.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,033 shares of the industrial products company's stock after selling 4,365 shares during the quarter. Cetera Investment Advisers' holdings in Roper Technologies were worth $6,775,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Manchester Capital Management LLC grew its stake in shares of Roper Technologies by 1.6% in the fourth quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company's stock valued at $592,000 after acquiring an additional 18 shares in the last quarter. Oxford Financial Group LTD. LLC lifted its holdings in shares of Roper Technologies by 3.1% in the fourth quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company's stock worth $309,000 after acquiring an additional 18 shares during the last quarter. Meridian Financial Partners LLC lifted its holdings in shares of Roper Technologies by 1.0% in the fourth quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company's stock worth $1,067,000 after acquiring an additional 20 shares during the last quarter. Principal Securities Inc. raised its holdings in Roper Technologies by 0.5% in the 4th quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company's stock valued at $2,231,000 after buying an additional 20 shares during the last quarter. Finally, Exchange Capital Management Inc. raised its holdings in Roper Technologies by 0.7% in the 4th quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company's stock valued at $1,426,000 after buying an additional 20 shares during the last quarter. Institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Performance

NYSE ROP opened at $575.84 on Tuesday. The stock has a market capitalization of $61.91 billion, a PE ratio of 40.16, a P/E/G ratio of 2.77 and a beta of 1.08. The business has a 50 day simple moving average of $565.61 and a two-hundred day simple moving average of $555.68. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. 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 announced its earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, topping analysts' consensus estimates 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 period in the previous year, the business posted $4.41 earnings per share. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. On average, research analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were paid a $0.825 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. Roper Technologies's payout ratio is 23.81%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ROP. Robert W. Baird increased their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Oppenheimer reiterated an "outperform" rating and issued a $640.00 target price on shares of Roper Technologies in a report on Monday, April 28th. TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and raised their price objective for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. William Blair initiated coverage on Roper Technologies in a research note on Monday, May 5th. They set an "outperform" rating on the stock. Finally, Truist Financial reiterated a "buy" rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $620.91.

Insider Transactions at Roper Technologies

In other Roper Technologies 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 transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,540,925.18. This represents a 8.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.78% of the company's stock.

Roper Technologies 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.

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