Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Picton Mahoney Asset Management

Picton Mahoney Asset Management decreased its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,330 shares of the industrial products company’s stock after selling 40 shares during the quarter. Picton Mahoney Asset Management’s holdings in Roper Technologies were worth $12,719,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity

In related news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction 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 approximately $19,540,541.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ROP. 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 note on Monday, January 22nd. Mizuho lifted their price objective on shares of Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Barclays boosted their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada lowered their target price on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Finally, Raymond James boosted their price objective on Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $584.82.

Roper Technologies Stock Performance

Shares of ROP traded up $4.72 during midday trading on Tuesday, reaching $520.26. 291,246 shares of the stock were exchanged, compared to its average volume of 522,880. The company has a market capitalization of $55.69 billion, a price-to-earnings ratio of 37.75, a PEG 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 twelve month low of $441.06 and a twelve month high of $565.00. The business’s 50-day moving average price is $540.21 and its 200 day moving average price is $534.82.

Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the firm posted $3.90 earnings per share. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, sell-side analysts expect that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

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