Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Villere ST Denis J & Co. LLC

Villere ST Denis J & Co. LLC reduced its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 72,344 shares of the industrial products company's stock after selling 3,929 shares during the period. Roper Technologies comprises about 3.2% of Villere ST Denis J & Co. LLC's investment portfolio, making the stock its 8th biggest position. Villere ST Denis J & Co. LLC owned 0.07% of Roper Technologies worth $39,440,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in 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 acquiring an additional 100,621 shares in the last quarter. State Street Corp increased its position in Roper Technologies by 1.6% in the 1st quarter. State Street Corp now owns 4,294,847 shares of the industrial products company's stock valued at $1,892,695,000 after acquiring an additional 68,038 shares in the last quarter. Morgan Stanley increased its position in Roper Technologies by 2.9% in the 4th quarter. Morgan Stanley now owns 3,409,974 shares of the industrial products company's stock valued at $1,473,416,000 after acquiring an additional 95,728 shares in the last quarter. Principal Financial Group Inc. increased its position in Roper Technologies by 1.7% in the 3rd quarter. Principal Financial Group Inc. now owns 2,528,982 shares of the industrial products company's stock valued at $1,224,736,000 after acquiring an additional 42,962 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Roper Technologies by 7.3% in the 1st quarter. Geode Capital Management LLC now owns 1,987,014 shares of the industrial products company's stock valued at $873,554,000 after acquiring an additional 135,524 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ROP has been the subject of several analyst reports. Wells Fargo & Company lifted their price target on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an "overweight" rating in a research report on Monday, January 22nd. Mizuho lifted their price target on shares of Roper Technologies from $500.00 to $525.00 and gave the stock a "neutral" rating in a research report on Thursday, February 1st. Barclays lifted their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 2nd. Raymond James lifted their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a "strong-buy" rating in a research report on Friday, February 2nd. Finally, TD Cowen cut shares of Roper Technologies from an "outperform" rating to a "market perform" rating and set a $535.00 price objective for the company. in a report on Thursday, January 4th. Four 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.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $574.58.

Insider Transactions at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of the business's stock in a transaction 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 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 legal filing with the SEC, which is accessible through the SEC website. 0.94% of the stock is currently owned by insiders.

Roper Technologies Stock Up 0.0 %

ROP traded up $0.22 during trading on Monday, reaching $543.23. The company had a trading volume of 358,547 shares, compared to its average volume of 495,959. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46. Roper Technologies, Inc. has a 12 month low of $430.03 and a 12 month high of $565.00. The business's fifty day moving average price is $548.51 and its 200 day moving average price is $529.15. The company has a market cap of $58.14 billion, a P/E ratio of 42.14, a PEG ratio of 2.86 and a beta of 0.99.

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

Roper Technologies Announces Dividend

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

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.