Choreo LLC Lowers Position in Roper Technologies, Inc. (NYSE:ROP)

Choreo LLC lowered its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 19.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,084 shares of the industrial products company's stock after selling 736 shares during the quarter. Choreo LLC's holdings in Roper Technologies were worth $1,818,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ROP. Brighton Jones LLC bought a new stake in Roper Technologies in the fourth quarter valued at approximately $203,000. Proficio Capital Partners LLC lifted its stake in shares of Roper Technologies by 14.2% during the 4th quarter. Proficio Capital Partners LLC now owns 539 shares of the industrial products company's stock worth $280,000 after buying an additional 67 shares during the last quarter. Sei Investments Co. raised its holdings in Roper Technologies by 9.1% in the 4th quarter. Sei Investments Co. now owns 49,676 shares of the industrial products company's stock valued at $25,826,000 after acquiring an additional 4,123 shares during the period. LPL Financial LLC lifted its position in Roper Technologies by 15.9% during the fourth quarter. LPL Financial LLC now owns 69,331 shares of the industrial products company's stock worth $36,042,000 after acquiring an additional 9,510 shares during the last quarter. Finally, Morey & Quinn Wealth Partners LLC bought a new stake in shares of Roper Technologies in the fourth quarter valued at about $201,000. 93.31% of the stock is owned by institutional investors.

Insider Transactions at Roper Technologies

In related news, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the sale, the vice president owned 38,932 shares in the company, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard F. Wallman sold 352 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of the transaction, the director owned 20,510 shares in the company, valued at $11,408,687.50. The trade was a 1.69% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is owned by company insiders.

Roper Technologies Trading Up 0.5%

Shares of NYSE:ROP traded up $2.67 during midday trading on Friday, hitting $563.03. 278,458 shares of the stock were exchanged, compared to its average volume of 618,377. The business's 50-day moving average price is $564.04 and its 200 day moving average price is $562.88. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The stock has a market capitalization of $60.53 billion, a price-to-earnings ratio of 39.26, a P/E/G ratio of 2.77 and a beta of 1.02.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.83 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same quarter last year, the business posted $4.48 earnings per share. The company's revenue for the quarter was up 13.2% compared to the same quarter last year. Analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Stockholders of record on Tuesday, July 8th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date was Tuesday, July 8th. Roper Technologies's payout ratio is 23.19%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Stifel Nicolaus lowered their target price on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Oppenheimer reissued an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a report on Monday, April 28th. Royal Bank Of Canada boosted their price target on Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research note on Tuesday. Mizuho set a $600.00 target price on shares of Roper Technologies in a report on Friday, May 16th. Finally, Truist Financial upped their price target on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $637.18.

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.