Tidal Investments LLC Sells 2,867 Shares of Roper Technologies, Inc. (NYSE:ROP)

Tidal Investments LLC lessened its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 27.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,599 shares of the industrial products company's stock after selling 2,867 shares during the period. Tidal Investments LLC's holdings in Roper Technologies were worth $3,950,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ROP. VSM Wealth Advisory LLC bought a new stake in shares of Roper Technologies during the 4th quarter worth about $26,000. CoreFirst Bank & Trust bought a new position in shares of Roper Technologies in the fourth quarter valued at approximately $36,000. OFI Invest Asset Management bought a new position in shares of Roper Technologies in the fourth quarter valued at approximately $38,000. Parvin Asset Management LLC bought a new stake in shares of Roper Technologies during the 4th quarter worth $39,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its stake in Roper Technologies by 7,500.0% in 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 during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Price Performance

Shares of Roper Technologies stock traded down $2.04 during trading on Monday, reaching $567.03. The company's stock had a trading volume of 375,125 shares, compared to its average volume of 548,436. The stock has a 50-day moving average price of $565.57 and a two-hundred day moving average price of $557.26. The stock has a market capitalization of $60.96 billion, a P/E ratio of 39.54, a price-to-earnings-growth 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, Inc. has a one year low of $499.47 and a one year high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, topping 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 in the prior year, the firm earned $4.41 earnings per share. The business's revenue was up 12.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal 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 given a $0.825 dividend. The ex-dividend date of this dividend 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%.

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 stock was 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 in the company, valued at $18,540,925.18. This trade represents a 8.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.78% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Robert W. Baird raised 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. TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and upped their price target for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. William Blair assumed coverage on Roper Technologies in a research report on Monday, May 5th. They issued an "outperform" rating for the company. Finally, Stifel Nicolaus dropped their price target on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $632.36.

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.