Ensign Peak Advisors Inc Lowers Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Ensign Peak Advisors Inc reduced its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 135,315 shares of the industrial products company's stock after selling 2,344 shares during the period. Ensign Peak Advisors Inc owned about 0.13% of Roper Technologies worth $70,344,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Signal Advisors Wealth LLC boosted its holdings in Roper Technologies by 42.0% in the fourth quarter. Signal Advisors Wealth LLC now owns 5,816 shares of the industrial products company's stock valued at $3,023,000 after acquiring an additional 1,719 shares in the last quarter. Plato Investment Management Ltd lifted its holdings in Roper Technologies by 41.4% in the fourth quarter. Plato Investment Management Ltd now owns 4,036 shares of the industrial products company's stock worth $2,106,000 after buying an additional 1,182 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Roper Technologies by 20.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,353 shares of the industrial products company's stock worth $25,656,000 after acquiring an additional 8,415 shares during the period. Smith Salley Wealth Management raised its position in shares of Roper Technologies by 1.4% in the 4th quarter. Smith Salley Wealth Management now owns 34,866 shares of the industrial products company's stock worth $18,125,000 after acquiring an additional 481 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Roper Technologies by 19.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 6,298 shares of the industrial products company's stock valued at $3,274,000 after purchasing an additional 1,021 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target 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. Royal Bank of Canada lifted their target price 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. Robert W. Baird raised their price objective on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Truist Financial reissued a "buy" rating and issued a $675.00 target price (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Finally, Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Roper Technologies currently has an average rating of "Moderate Buy" and an average price target of $620.91.

Roper Technologies Price Performance

Shares of NYSE:ROP traded up $6.01 during trading on Thursday, hitting $571.95. 195,614 shares of the company's stock were exchanged, compared to its average volume of 550,894. The business's 50-day simple moving average is $564.93 and its 200 day simple moving average is $555.90. The company has a market cap of $61.49 billion, a price-to-earnings ratio of 39.94, a PEG ratio of 2.77 and a beta of 1.08. 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.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 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 period last year, the company earned $4.41 earnings per share. The company's revenue for the quarter was up 12.0% on a year-over-year basis. As a group, equities analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

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

Insider Activity

In related news, CFO Jason Conley sold 3,000 shares of the firm'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 transaction, the chief financial officer now owns 31,522 shares of the company's stock, valued at $18,540,925.18. This trade represents a 8.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.