Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Eagle Ridge Investment Management

Eagle Ridge Investment Management lessened its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 34.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,798 shares of the industrial products company's stock after selling 4,144 shares during the period. Eagle Ridge Investment Management's holdings in Roper Technologies were worth $4,251,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ROP. OFI Invest Asset Management purchased a new position in shares of Roper Technologies during the third quarter worth approximately $25,000. Altshuler Shaham Ltd purchased a new stake in Roper Technologies in the third quarter worth about $27,000. Independence Bank of Kentucky bought a new position in Roper Technologies during the 4th quarter worth about $31,000. Wetzel Investment Advisors Inc. purchased a new position in Roper Technologies during the 4th quarter valued at about $31,000. Finally, Lee Financial Co bought a new stake in shares of Roper Technologies in the 3rd quarter valued at about $34,000. Institutional investors own 93.31% of the company's stock.

Insider Buying and Selling at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of the company's stock in a transaction dated Monday, March 18th. The stock was 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 in the company, valued at $19,540,541.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.94% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ROP has been the topic of a number of recent research reports. Raymond James increased their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the company a "strong-buy" rating in a research note on Friday, February 2nd. Wells Fargo & Company boosted their price target on Roper Technologies from $560.00 to $615.00 and gave the stock an "overweight" rating in a research report on Monday, January 22nd. Barclays upped their price objective on Roper Technologies from $596.00 to $600.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 2nd. Mizuho lifted their target price on Roper Technologies from $525.00 to $530.00 and gave the company a "neutral" rating in a research note on Monday. Finally, Royal Bank of Canada decreased their price target on shares of Roper Technologies from $696.00 to $680.00 and set an "outperform" rating for the company in a research report on Monday. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $579.83.

Roper Technologies Stock Performance

Shares of NYSE ROP traded down $13.20 during midday trading on Monday, reaching $513.58. The company had a trading volume of 698,074 shares, compared to its average volume of 507,713. Roper Technologies, Inc. has a 1 year low of $441.06 and a 1 year high of $565.00. The business's 50-day simple moving average is $545.05 and its 200 day simple moving average is $533.84. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. The stock has a market cap of $54.96 billion, a P/E ratio of 37.44, a P/E/G ratio of 2.77 and a beta of 0.99.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.34 by $0.07. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The firm's quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the business posted $3.90 EPS. On average, analysts forecast that Roper Technologies, Inc. will post 18.08 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.58%. The ex-dividend date was Thursday, April 4th. Roper Technologies's payout ratio is 21.77%.

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.