Ingalls & Snyder LLC Reduces Stake in Roper Technologies, Inc. (NYSE:ROP)

Ingalls & Snyder LLC lowered its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,865 shares of the industrial products company's stock after selling 3,309 shares during the period. Roper Technologies accounts for about 1.4% of Ingalls & Snyder LLC's investment portfolio, making the stock its 11th largest holding. Ingalls & Snyder LLC owned about 0.05% of Roper Technologies worth $30,456,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Perigon Wealth Management LLC raised its position in shares of Roper Technologies by 55.4% in the 4th quarter. Perigon Wealth Management LLC now owns 1,621 shares of the industrial products company's stock worth $884,000 after acquiring an additional 578 shares in the last quarter. Cerity Partners LLC raised its position in shares of Roper Technologies by 21.1% in the 4th quarter. Cerity Partners LLC now owns 49,565 shares of the industrial products company's stock worth $27,021,000 after acquiring an additional 8,634 shares in the last quarter. Cedrus LLC increased its position in Roper Technologies by 10.1% during the 4th quarter. Cedrus LLC now owns 525 shares of the industrial products company's stock valued at $286,000 after buying an additional 48 shares in the last quarter. Executive Wealth Management LLC increased its position in Roper Technologies by 21.7% during the 4th quarter. Executive Wealth Management LLC now owns 9,790 shares of the industrial products company's stock valued at $5,337,000 after buying an additional 1,743 shares in the last quarter. Finally, Toth Financial Advisory Corp increased its position in Roper Technologies by 5.3% during the 4th quarter. Toth Financial Advisory Corp now owns 3,230 shares of the industrial products company's stock valued at $1,761,000 after buying an additional 164 shares in the last quarter. Institutional investors own 93.31% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ROP. Mizuho raised their price objective on Roper Technologies from $500.00 to $525.00 and gave the company a "neutral" rating in a research report on Thursday, February 1st. Raymond James raised their price objective 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. Wells Fargo & Company raised their price objective on Roper Technologies from $560.00 to $615.00 and gave the company an "overweight" rating in a research report on Monday, January 22nd. TD Cowen lowered Roper Technologies from an "outperform" rating to a "market perform" rating and set a $535.00 price objective for the company. in a research report on Thursday, January 4th. Finally, Oppenheimer increased their target price on Roper Technologies from $580.00 to $650.00 and gave the company an "outperform" rating in a research note on Friday, March 22nd. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $574.58.

Roper Technologies Stock Performance

Shares of ROP stock traded down $3.81 on Friday, reaching $535.83. The stock had a trading volume of 547,775 shares, compared to its average volume of 492,822. The stock has a market cap of $57.34 billion, a P/E ratio of 41.57, a price-to-earnings-growth ratio of 2.82 and a beta of 0.99. Roper Technologies, Inc. has a 1 year low of $430.03 and a 1 year high of $565.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50. The company has a 50 day simple moving average of $547.48 and a 200 day simple moving average of $530.24.

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

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, April 5th will be paid a $0.75 dividend. The ex-dividend date is Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.56%. Roper Technologies's dividend payout ratio (DPR) is currently 23.27%.

Insider Transactions at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction on Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the transaction, the director now directly owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.94% of the company's stock.

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.

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