Mar Vista Investment Partners LLC Sells 11,469 Shares of Roper Technologies, Inc. (NYSE:ROP)

Mar Vista Investment Partners LLC decreased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 18.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 52,102 shares of the industrial products company's stock after selling 11,469 shares during the period. Roper Technologies makes up 1.9% of Mar Vista Investment Partners LLC's holdings, making the stock its 27th largest position. Mar Vista Investment Partners LLC's holdings in Roper Technologies were worth $27,085,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Roper Technologies by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 10,575,103 shares of the industrial products company's stock worth $5,497,467,000 after purchasing an additional 72,503 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in Roper Technologies by 42.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock worth $2,678,009,000 after buying an additional 1,529,716 shares during the period. Geode Capital Management LLC lifted its holdings in Roper Technologies by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock worth $1,284,242,000 after acquiring an additional 29,184 shares in the last quarter. Norges Bank acquired a new position in Roper Technologies in the fourth quarter valued at about $914,052,000. Finally, Invesco Ltd. increased its holdings in shares of Roper Technologies by 2.2% in the fourth quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock worth $774,687,000 after acquiring an additional 31,531 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Stock Down 2.0 %

ROP stock traded down $11.28 during mid-day trading on Monday, reaching $546.43. The company had a trading volume of 343,532 shares, compared to its average volume of 550,803. The company has a market capitalization of $58.68 billion, a price-to-earnings ratio of 38.09, a PEG ratio of 2.77 and a beta of 1.04. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The stock has a 50 day simple moving average of $568.90 and a two-hundred day simple moving average of $554.64. 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 earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, beating the consensus estimate 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 previous year, the firm earned $4.41 earnings per share. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, equities analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were paid a $0.825 dividend. The ex-dividend date was Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.60%. Roper Technologies's dividend payout ratio (DPR) is currently 23.01%.

Insider Buying and Selling

In other Roper Technologies news, VP John K. Stipancich sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $578.04, for a total transaction of $578,040.00. Following the completion of the sale, the vice president now directly owns 38,932 shares in the company, valued at $22,504,253.28. This trade represents a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,540,925.18. The trade was a 8.69 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,101 shares of company stock worth $4,712,045. Company insiders own 0.87% of the company's stock.

Wall Street Analyst Weigh In

ROP has been the subject of several research analyst reports. Raymond James reiterated a "strong-buy" rating and issued a $655.00 price objective on shares of Roper Technologies in a research report on Monday. Robert W. Baird set a $665.00 price target on shares of Roper Technologies in a report on Friday, January 31st. Stifel Nicolaus started coverage on shares of Roper Technologies in a report on Thursday, March 27th. They set a "buy" rating and a $685.00 price objective on the stock. JPMorgan Chase & Co. reduced their target price on shares of Roper Technologies from $558.00 to $465.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Oppenheimer restated an "outperform" rating and issued a $640.00 price target on shares of Roper Technologies in a report on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $620.73.

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.