Roper Technologies, Inc. (NYSE:ROP) Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. cut its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 6.5% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 78,592 shares of the industrial products company's stock after selling 5,452 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.07% of Roper Technologies worth $40,856,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ROP. VSM Wealth Advisory LLC bought a new position in Roper Technologies during the 4th quarter worth $26,000. CoreFirst Bank & Trust acquired a new position in shares of Roper Technologies in the 4th quarter valued at $36,000. OFI Invest Asset Management acquired a new stake in Roper Technologies during the 4th quarter worth about $38,000. Parvin Asset Management LLC acquired a new stake in shares of Roper Technologies during the 4th quarter valued at about $39,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its holdings 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 valued at $40,000 after buying an additional 75 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Price Performance

Roper Technologies stock traded up $8.48 during mid-day trading on Friday, hitting $582.88. The stock had a trading volume of 611,447 shares, compared to its average volume of 551,083. The firm has a market capitalization of $62.67 billion, a P/E ratio of 40.65, a P/E/G ratio of 2.77 and a beta of 1.08. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The firm's 50 day moving average is $565.24 and its 200 day moving average is $556.33.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, beating 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%. The company's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.41 EPS. On average, sell-side analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

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

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 shares were 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 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.78% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Royal Bank of Canada lifted their price target on Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. 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 research note on Friday. Truist Financial reiterated a "buy" rating and issued a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and increased their price objective for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Finally, William Blair began coverage on Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $629.18.

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.