Mercer Global Advisors Inc. ADV Trims Holdings in Roper Technologies, Inc. (NYSE:ROP)

Mercer Global Advisors Inc. ADV lessened its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 89.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,524 shares of the industrial products company's stock after selling 81,265 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Roper Technologies were worth $4,951,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. VSM Wealth Advisory LLC purchased a new stake in Roper Technologies in the 4th quarter worth approximately $26,000. CoreFirst Bank & Trust purchased a new stake in Roper Technologies during the fourth quarter worth $36,000. OFI Invest Asset Management acquired a new stake in Roper Technologies during the fourth quarter valued at $38,000. Parvin Asset Management LLC purchased a new position in Roper Technologies in the fourth quarter valued at $39,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock worth $40,000 after acquiring an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Insider Buying and Selling

In related news, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 31,522 shares in the company, 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 legal filing with the SEC, which is accessible through this link. 0.87% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ROP. Barclays restated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Royal Bank of Canada upped their target price on Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and increased their target price for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Raymond James reissued a "strong-buy" rating and issued a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Finally, Robert W. Baird increased their price objective on shares of Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $620.91.

Roper Technologies Price Performance

NYSE ROP traded down $4.50 during trading hours on Friday, hitting $570.48. 333,225 shares of the company's stock traded hands, compared to its average volume of 549,790. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The firm's 50-day moving average is $565.97 and its 200-day moving average is $555.35. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The company has a market capitalization of $61.34 billion, a PE ratio of 39.78, a PEG ratio of 2.77 and a beta of 1.08.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, beating the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The business's revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.41 earnings per share. Equities analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company 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. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Friday, April 4th. Roper Technologies's dividend payout ratio is currently 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.