Yousif Capital Management LLC Cuts Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Yousif Capital Management LLC trimmed its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,358 shares of the industrial products company’s stock after selling 1,267 shares during the quarter. Yousif Capital Management LLC’s holdings in Roper Technologies were worth $16,550,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ROP. Schwartz Investment Counsel Inc. increased its holdings in Roper Technologies by 3.2% in the 4th quarter. Schwartz Investment Counsel Inc. now owns 112,700 shares of the industrial products company’s stock worth $61,441,000 after acquiring an additional 3,500 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Roper Technologies by 229.5% during the fourth quarter. Sequoia Financial Advisors LLC now owns 5,255 shares of the industrial products company’s stock worth $2,865,000 after buying an additional 3,660 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of Roper Technologies by 42.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 14,648 shares of the industrial products company’s stock worth $7,986,000 after buying an additional 4,334 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Roper Technologies by 4.0% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 305,613 shares of the industrial products company’s stock worth $166,611,000 after buying an additional 11,744 shares in the last quarter. Finally, Crestwood Advisors Group LLC grew its holdings in shares of Roper Technologies by 5.3% during the fourth quarter. Crestwood Advisors Group LLC now owns 79,355 shares of the industrial products company’s stock worth $43,262,000 after buying an additional 3,959 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Up 0.1 %

Shares of ROP stock traded up $0.51 during trading hours on Tuesday, reaching $539.62. 381,455 shares of the stock were exchanged, compared to its average volume of 498,621. The business’s fifty day moving average is $545.66 and its two-hundred day moving average is $533.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46. Roper Technologies, Inc. has a 12-month low of $430.03 and a 12-month high of $565.00. The firm has a market capitalization of $57.75 billion, a P/E ratio of 41.86, a P/E/G ratio of 2.82 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last released its earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.34 by $0.03. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.58 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.92 earnings per share. As a group, research analysts expect that Roper Technologies, Inc. will post 18.07 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Shareholders 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 yield of 0.56%. Roper Technologies’s dividend payout ratio is currently 23.27%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Barclays boosted their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Wells Fargo & Company boosted their price target on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Royal Bank of Canada boosted their price target on shares of Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Raymond James boosted their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research report on Friday, February 2nd. Finally, Mizuho upped their target price on shares of Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $574.58.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the stock in a transaction that occurred on 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 $19,540,541.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.94% of the stock is currently owned by insiders.

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.