Clear Harbor Asset Management LLC Sells 1,930 Shares of Roper Technologies, Inc. (NYSE:ROP)

Clear Harbor Asset Management LLC cut its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 225,042 shares of the industrial products company's stock after selling 1,930 shares during the quarter. Roper Technologies makes up 11.3% of Clear Harbor Asset Management LLC's portfolio, making the stock its biggest holding. Clear Harbor Asset Management LLC owned 0.21% of Roper Technologies worth $122,686,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Lord Abbett & CO. LLC increased its position in Roper Technologies by 1.7% during the first quarter. Lord Abbett & CO. LLC now owns 27,664 shares of the industrial products company's stock worth $13,064,000 after buying an additional 463 shares during the last quarter. Prudential PLC acquired a new position in Roper Technologies during the first quarter worth $1,038,000. Cetera Investment Advisers increased its position in Roper Technologies by 0.8% during the first quarter. Cetera Investment Advisers now owns 3,916 shares of the industrial products company's stock worth $1,849,000 after buying an additional 30 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Roper Technologies during the first quarter worth $367,000. Finally, Candriam Luxembourg S.C.A. increased its position in Roper Technologies by 432.2% during the first quarter. Candriam Luxembourg S.C.A. now owns 37,205 shares of the industrial products company's stock worth $17,569,000 after buying an additional 30,214 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Price Performance

ROP traded up $1.66 during midday trading on Thursday, reaching $560.84. 477,991 shares of the company's stock were exchanged, compared to its average volume of 493,597. The firm has a market capitalization of $60.02 billion, a price-to-earnings ratio of 43.51, a price-to-earnings-growth ratio of 2.92 and a beta of 0.99. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33. Roper Technologies, Inc. has a one year low of $430.03 and a one year high of $563.15. The business has a 50-day simple moving average of $548.44 and a two-hundred day simple moving average of $526.44.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.03. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.58 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The company's revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $3.92 earnings per share. As a group, research analysts predict that Roper Technologies, Inc. will post 18.07 EPS for the current year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, April 5th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, April 4th. Roper Technologies's payout ratio is 23.27%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Barclays raised their price target on Roper Technologies from $580.00 to $596.00 and gave the company an "overweight" rating in a research report on Monday, February 5th. Raymond James raised their price target on Roper Technologies from $572.00 to $620.00 and gave the company a "strong-buy" rating in a research report on Friday, February 2nd. Mizuho increased their target price on shares of Roper Technologies from $500.00 to $525.00 and gave the company a "neutral" rating in a research note on Thursday, February 1st. TD Cowen cut shares of Roper Technologies from an "outperform" rating to a "market perform" rating and set a $535.00 target price for the company. in a research note on Thursday, January 4th. Finally, Royal Bank of Canada increased their target price on shares of Roper Technologies from $620.00 to $622.00 and gave the company an "outperform" rating in a research note on Thursday, February 1st. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $574.25.

Insider Transactions at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the firm's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $549.71, for a total value of $109,942.00. Following the completion of the sale, the director now owns 35,547 shares of the company's stock, valued at $19,540,541.37. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.94% of the company's stock.

About Roper Technologies

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.

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