Ethic Inc. Has $6.22 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Ethic Inc. lowered its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 9.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,956 shares of the industrial products company's stock after selling 1,179 shares during the quarter. Ethic Inc.'s holdings in Roper Technologies were worth $6,215,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Roper Technologies during the 4th quarter worth approximately $914,052,000. T. Rowe Price Investment Management Inc. boosted its stake in shares of Roper Technologies by 42.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock valued at $2,678,009,000 after buying an additional 1,529,716 shares during the period. JPMorgan Chase & Co. grew its position in Roper Technologies by 54.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company's stock worth $531,633,000 after buying an additional 360,632 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Roper Technologies in the 4th quarter valued at $148,070,000. Finally, Proficio Capital Partners LLC lifted its position in shares of Roper Technologies by 59,278.6% during the 4th quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company's stock valued at $145,697,000 after acquiring an additional 279,795 shares during the period. Institutional investors own 93.31% of the company's stock.

Insider Buying and Selling

In other news, CFO Jason Conley sold 3,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.87% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ROP shares. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Royal Bank of Canada upped their price target on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Oppenheimer reissued an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Truist Financial restated 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. Finally, TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and lifted their price target for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Roper Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $620.91.

Roper Technologies Price Performance

Roper Technologies stock opened at $570.48 on Friday. The stock has a 50-day moving average price of $565.97 and a two-hundred day moving average price of $555.26. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The company has a market capitalization of $61.34 billion, a PE ratio of 39.78, a P/E/G ratio of 2.77 and a beta of 1.08. 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 (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 (EPS) 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%. During the same period last year, the firm posted $4.41 earnings per share. The company's revenue for the quarter was up 12.0% compared to the same quarter last year. Analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

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

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.

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