Compass Capital Management Inc. Has $57.29 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Compass Capital Management Inc. lowered its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 105,093 shares of the industrial products company's stock after selling 5,140 shares during the quarter. Roper Technologies accounts for about 4.1% of Compass Capital Management Inc.'s investment portfolio, making the stock its 11th largest position. Compass Capital Management Inc. owned about 0.10% of Roper Technologies worth $57,294,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ROP. DAVENPORT & Co LLC lifted its position in shares of Roper Technologies by 12.0% during the 3rd quarter. DAVENPORT & Co LLC now owns 637 shares of the industrial products company's stock worth $309,000 after buying an additional 68 shares during the period. Brookstone Capital Management lifted its position in shares of Roper Technologies by 87.3% during the 3rd quarter. Brookstone Capital Management now owns 1,841 shares of the industrial products company's stock worth $898,000 after buying an additional 858 shares during the period. Commonwealth Equity Services LLC raised its position in Roper Technologies by 2.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 19,712 shares of the industrial products company's stock valued at $9,546,000 after purchasing an additional 553 shares during the last quarter. YHB Investment Advisors Inc. bought a new position in Roper Technologies in the 3rd quarter valued at $217,000. Finally, Suncoast Equity Management raised its position in Roper Technologies by 5.2% in the 3rd quarter. Suncoast Equity Management now owns 1,203 shares of the industrial products company's stock valued at $583,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Insider Activity

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

Roper Technologies Trading Down 0.4 %

NYSE:ROP traded down $2.12 during trading hours on Tuesday, hitting $511.46. 882,955 shares of the company were exchanged, compared to its average volume of 512,318. The stock has a market capitalization of $54.74 billion, a price-to-earnings ratio of 37.27, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a one year low of $441.06 and a one year high of $565.00. The company has a fifty day simple moving average of $544.42 and a 200 day simple moving average of $533.92.

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

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were paid a $0.75 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.00 annualized dividend and a dividend yield of 0.59%. Roper Technologies's dividend payout ratio is presently 21.77%.

Wall Street Analysts Forecast Growth

ROP has been the subject of a number of recent research reports. Royal Bank of Canada dropped their target price on Roper Technologies from $696.00 to $680.00 and set an "outperform" rating for the company in a research report on Monday. Raymond James lifted their price objective on Roper Technologies from $572.00 to $620.00 and gave the stock a "strong-buy" rating in a research note on Friday, February 2nd. Wells Fargo & Company lifted their price objective on Roper Technologies from $560.00 to $615.00 and gave the stock an "overweight" rating in a research note on Monday, January 22nd. Oppenheimer reaffirmed an "outperform" rating and set a $650.00 price objective on shares of Roper Technologies in a research note on Monday. Finally, Barclays lifted 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. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $579.83.

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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