Arlington Trust Co LLC Sells 5,458 Shares of Roper Technologies, Inc. (NYSE:ROP)

Arlington Trust Co LLC lowered its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 94.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 291 shares of the industrial products company's stock after selling 5,458 shares during the period. Arlington Trust Co LLC's holdings in Roper Technologies were worth $159,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Roper Technologies by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 9,782,155 shares of the industrial products company's stock valued at $4,737,302,000 after buying an additional 100,621 shares in the last quarter. State Street Corp increased its holdings in Roper Technologies by 1.7% during the 2nd quarter. State Street Corp now owns 4,369,088 shares of the industrial products company's stock worth $2,100,658,000 after purchasing an additional 74,241 shares in the last quarter. Morgan Stanley increased its holdings in Roper Technologies by 2.9% during the 4th quarter. Morgan Stanley now owns 3,409,974 shares of the industrial products company's stock worth $1,473,416,000 after purchasing an additional 95,728 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Roper Technologies by 1.7% during the 3rd quarter. Principal Financial Group Inc. now owns 2,528,982 shares of the industrial products company's stock worth $1,224,736,000 after purchasing an additional 42,962 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Roper Technologies by 7.3% during the 1st quarter. Geode Capital Management LLC now owns 1,987,014 shares of the industrial products company's stock worth $873,554,000 after purchasing an additional 135,524 shares in the last quarter. Institutional investors own 93.31% of the company's stock.

Insiders Place Their Bets

In other Roper Technologies 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 transaction of $109,942.00. Following the completion of the sale, the director now directly owns 35,547 shares in the company, valued at $19,540,541.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.94% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Raymond James increased their target price on Roper Technologies from $572.00 to $620.00 and gave the stock a "strong-buy" rating in a report on Friday, February 2nd. TD Cowen cut Roper Technologies from an "outperform" rating to a "market perform" rating and set a $535.00 target price for the company. in a report on Thursday, January 4th. Barclays increased their price objective on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an "overweight" rating in a research note on Tuesday. Oppenheimer increased their price objective on shares of Roper Technologies from $580.00 to $650.00 and gave the stock an "outperform" rating in a research note on Friday, March 22nd. Finally, Wells Fargo & Company increased their price objective on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an "overweight" rating in a research note on Monday, January 22nd. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $574.58.

Roper Technologies Stock Performance

NYSE:ROP traded up $5.73 during mid-day trading on Friday, hitting $543.01. The stock had a trading volume of 334,498 shares, compared to its average volume of 452,357. Roper Technologies, Inc. has a twelve month low of $430.03 and a twelve month high of $565.00. The stock has a market cap of $58.11 billion, a price-to-earnings ratio of 42.13, a PEG ratio of 2.83 and a beta of 0.99. The company's 50 day simple moving average is $548.51 and its 200 day simple moving average is $528.79. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50.

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

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Friday, April 5th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $3.00 annualized dividend and a yield of 0.55%. Roper Technologies's dividend payout ratio (DPR) is presently 23.27%.

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.