Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. lowered its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 18.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,487 shares of the industrial products company's stock after selling 1,446 shares during the period. Montag A & Associates Inc.'s holdings in Roper Technologies were worth $3,537,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its position in Roper Technologies by 16.5% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 4,403 shares of the industrial products company's stock valued at $2,132,000 after acquiring an additional 623 shares during the period. Stratos Wealth Partners LTD. purchased a new stake in shares of Roper Technologies during the 3rd quarter worth about $220,000. Verdence Capital Advisors LLC acquired a new stake in Roper Technologies during the 3rd quarter worth approximately $403,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Roper Technologies by 11.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,621 shares of the industrial products company's stock valued at $10,471,000 after buying an additional 2,170 shares during the period. Finally, Chicago Partners Investment Group LLC lifted its position in Roper Technologies by 0.7% during the third quarter. Chicago Partners Investment Group LLC now owns 3,310 shares of the industrial products company's stock valued at $1,582,000 after buying an additional 22 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Stock Up 0.4 %

ROP traded up $2.28 during trading on Thursday, hitting $523.33. The company had a trading volume of 311,583 shares, compared to its average volume of 520,076. The company has a market cap of $56.02 billion, a PE ratio of 37.98, a P/E/G ratio of 2.71 and a beta of 1.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.49 and a quick ratio of 0.45. Roper Technologies, Inc. has a 1-year low of $441.06 and a 1-year high of $565.00. The business has a 50-day moving average of $539.76 and a 200-day moving average of $534.72.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, topping the consensus estimate of $4.34 by $0.07. The business had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The company's quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the company posted $3.90 earnings per share. As a group, analysts forecast that Roper Technologies, Inc. will post 18.16 earnings per share for the current 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 paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies's dividend payout ratio (DPR) is presently 21.77%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ROP shares. Wells Fargo & Company lifted their target price on shares of Roper Technologies from $560.00 to $615.00 and gave the company an "overweight" rating in a report on Monday, January 22nd. Barclays increased their target price on Roper Technologies from $596.00 to $600.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. Royal Bank of Canada decreased their price target on Roper Technologies from $696.00 to $680.00 and set an "outperform" rating for the company in a report on Monday, April 29th. Raymond James lifted 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. Finally, Oppenheimer restated an "outperform" rating and issued a $650.00 target price on shares of Roper Technologies in a research note on Monday, April 29th. Three equities research 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $584.82.

Insiders Place Their Bets

In other news, Director Christopher Wright sold 200 shares of the firm's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $549.71, for a total value of $109,942.00. Following the transaction, the director now directly owns 35,547 shares in the company, valued at approximately $19,540,541.37. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.94% of the stock is currently owned by corporate insiders.

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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