Comerica Bank Trims Position in Roper Technologies, Inc. (NYSE:ROP)

Comerica Bank decreased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,295 shares of the industrial products company's stock after selling 2,895 shares during the quarter. Comerica Bank's holdings in Roper Technologies were worth $22,507,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. VSM Wealth Advisory LLC purchased a new stake in shares of Roper Technologies during the 4th quarter valued at $26,000. CoreFirst Bank & Trust bought a new stake in Roper Technologies during the fourth quarter worth about $36,000. OFI Invest Asset Management purchased a new position in shares of Roper Technologies in the 4th quarter worth about $38,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock valued at $40,000 after buying an additional 75 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new stake in Roper Technologies in the 4th quarter worth approximately $45,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Up 0.9 %

NYSE ROP traded up $5.09 during trading hours on Monday, reaching $571.13. 641,984 shares of the company's stock traded hands, compared to its average volume of 548,726. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The firm has a 50-day simple moving average of $566.81 and a 200 day simple moving average of $554.68. The firm has a market cap of $61.41 billion, a PE ratio of 39.83, a PEG ratio of 2.77 and a beta of 1.04.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data 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 return on equity of 10.79% and a net margin of 22.01%. During the same quarter last year, the firm posted $4.41 earnings per share. The company's quarterly revenue was up 12.0% compared to the same quarter last year. Sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company 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 annualized dividend and a dividend yield of 0.58%. Roper Technologies's dividend payout ratio is presently 23.81%.

Insider Activity

In related news, VP Brandon L. Cross sold 750 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the sale, the vice president now owns 1,329 shares in the company, valued at approximately $767,936.07. This represents a 36.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jason Conley sold 3,000 shares of the business's 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 owns 31,522 shares of the company's stock, valued at approximately $18,540,925.18. This represents a 8.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.87% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ROP shares. William Blair began coverage on shares of Roper Technologies in a research note on Monday. They issued an "outperform" rating for the company. Robert W. Baird increased their target price on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. Raymond James reaffirmed a "strong-buy" rating and issued a $655.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. JPMorgan Chase & Co. raised their target price on shares of Roper Technologies from $465.00 to $470.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. Finally, Stifel Nicolaus decreased their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $620.91.

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.