Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC trimmed its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 56.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,762 shares of the industrial products company's stock after selling 10,124 shares during the period. Cresset Asset Management LLC's holdings in Roper Technologies were worth $4,035,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ROP. VSM Wealth Advisory LLC bought a new stake in shares of Roper Technologies during the fourth quarter valued at approximately $26,000. CoreFirst Bank & Trust purchased a new position in Roper Technologies during the fourth quarter valued at $36,000. OFI Invest Asset Management purchased a new position in Roper Technologies during the fourth quarter valued at $38,000. Parvin Asset Management LLC purchased a new position in Roper Technologies during the fourth quarter valued at $39,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 75 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on ROP shares. Robert W. Baird boosted their target price on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Oppenheimer reiterated an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Royal Bank of Canada boosted their price objective on Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. Raymond James reissued a "strong-buy" rating and issued a $655.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Finally, Barclays reiterated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Roper Technologies has an average rating of "Moderate Buy" and a consensus price target of $620.91.

Insider Buying and Selling

In related news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at $18,540,925.18. This trade represents a 8.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.78% of the stock is owned by company insiders.

Roper Technologies Stock Down 0.8%

NYSE ROP traded down $4.50 during midday trading on Friday, hitting $570.48. 333,225 shares of the company traded hands, compared to its average volume of 549,790. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The company has a market cap of $61.34 billion, a PE ratio of 39.78, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. The company's 50-day simple moving average is $565.97 and its 200-day simple moving average is $555.44. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, beating the consensus estimate of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same period in the prior year, the business earned $4.41 earnings per share. The company's revenue was up 12.0% compared to the same quarter last year. As a group, equities research analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were paid a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. Roper Technologies's payout ratio is 23.81%.

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.