Amalgamated Bank Sells 1,494 Shares of Roper Technologies, Inc. (NYSE:ROP)

Amalgamated Bank decreased its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,687 shares of the industrial products company's stock after selling 1,494 shares during the period. Amalgamated Bank's holdings in Roper Technologies were worth $14,549,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. OFI Invest Asset Management bought a new stake in Roper Technologies in the third quarter valued at $25,000. Altshuler Shaham Ltd bought a new stake in shares of Roper Technologies in the 3rd quarter worth about $27,000. Independence Bank of Kentucky acquired a new stake in shares of Roper Technologies during the 4th quarter worth about $31,000. Wetzel Investment Advisors Inc. acquired a new position in Roper Technologies in the fourth quarter valued at about $31,000. Finally, Lee Financial Co bought a new stake in Roper Technologies during the third quarter worth about $34,000. 93.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on ROP shares. Wells Fargo & Company lifted 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. Mizuho raised their price objective on shares of Roper Technologies from $525.00 to $530.00 and gave the company a "neutral" rating in a research report on Monday. TD Cowen downgraded shares of Roper Technologies from an "outperform" rating to a "market perform" rating and set a $535.00 target price for the company. in a research note on Thursday, January 4th. Barclays increased their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. Finally, Royal Bank of Canada reduced their price objective on Roper Technologies from $696.00 to $680.00 and set an "outperform" rating on the stock in a report on Monday. Three equities research 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 company's stock. According to MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and an average target price of $584.82.

Insider Buying and Selling

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the business'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 completion of the transaction, the director now directly owns 35,547 shares of the company's stock, valued at $19,540,541.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.94% of the stock is currently owned by company insiders.

Roper Technologies Trading Up 1.3 %

Shares of Roper Technologies stock traded up $6.39 during trading on Friday, reaching $517.21. 993,579 shares of the company were exchanged, compared to its average volume of 524,077. The business has a 50-day moving average price of $542.19 and a 200-day moving average price of $533.72. The firm has a market capitalization of $55.36 billion, a price-to-earnings ratio of 37.53, a P/E/G ratio of 2.70 and a beta of 1.00. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a twelve month low of $441.06 and a twelve month high of $565.00.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, beating analysts' consensus estimates of $4.34 by $0.07. The company had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. Roper Technologies's revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.90 EPS. Sell-side analysts anticipate that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

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

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.

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