Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. cut its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 82.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,125 shares of the industrial products company's stock after selling 9,734 shares during the period. Shell Asset Management Co.'s holdings in Roper Technologies were worth $1,105,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ROP. VSM Wealth Advisory LLC acquired a new position in shares of Roper Technologies during the fourth quarter worth about $26,000. CoreFirst Bank & Trust acquired a new position in shares of Roper Technologies during the fourth quarter worth about $36,000. OFI Invest Asset Management acquired a new position in shares of Roper Technologies during the fourth quarter worth about $38,000. Parvin Asset Management LLC acquired a new position in shares of Roper Technologies during the fourth quarter worth about $39,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in shares of Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock worth $40,000 after buying an additional 75 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Jason Conley sold 3,000 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 31,522 shares of the company's stock, valued at $18,540,925.18. This trade represents a 8.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.78% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ROP shares. JPMorgan Chase & Co. upped their price target on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a report on Friday. Truist Financial reaffirmed a "buy" rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Royal Bank of Canada upped their price target on Roper Technologies from $694.00 to $695.00 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 report on Monday, April 28th. Finally, Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. One 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. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $632.36.

Roper Technologies Stock Performance

NYSE ROP traded down $2.26 on Tuesday, reaching $578.21. The stock had a trading volume of 460,213 shares, compared to its average volume of 548,795. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The business's 50-day moving average price is $565.82 and its 200 day moving average price is $556.95. The stock has a market cap of $62.17 billion, a P/E ratio of 40.32, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08.

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 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 period in the previous year, the company earned $4.41 earnings per share. The business's revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, equities analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

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

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.