The Manufacturers Life Insurance Company Reduces Stake in Roper Technologies, Inc. (NYSE:ROP)

The Manufacturers Life Insurance Company cut its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 351,566 shares of the industrial products company’s stock after selling 10,598 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Roper Technologies were worth $182,762,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. VSM Wealth Advisory LLC acquired a new stake in Roper Technologies in the 4th quarter valued at about $26,000. CoreFirst Bank & Trust purchased a new position in shares of Roper Technologies in the 4th quarter valued at about $36,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in 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 acquiring an additional 75 shares in the last quarter. OFI Invest Asset Management purchased a new position in Roper Technologies during the 4th quarter valued at about $38,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of Roper Technologies during the 4th quarter worth about $45,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 351 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $575.25, for a total value of $201,912.75. Following the sale, the director now owns 20,187 shares in the company, valued at $11,612,571.75. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction on Friday, January 31st. The stock was sold at an average price of $578.05, for a total transaction of $1,734,150.00. Following the transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,221,292.10. This trade represents a 8.69 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,101 shares of company stock worth $4,712,045. Insiders own 0.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Barclays reissued an “underweight” rating on shares of Roper Technologies in a research report on Monday. Stifel Nicolaus initiated coverage on shares of Roper Technologies in a research report on Thursday, March 27th. They set a “buy” rating and a $685.00 price target on the stock. JPMorgan Chase & Co. dropped their price target on shares of Roper Technologies from $558.00 to $465.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Raymond James restated a “strong-buy” rating and issued a $655.00 price target on shares of Roper Technologies in a research note on Monday. Finally, Oppenheimer reiterated an “outperform” rating and set a $640.00 price objective on shares of Roper Technologies in a research note on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $620.73.

Roper Technologies Stock Down 1.0 %

Shares of NYSE ROP opened at $551.95 on Tuesday. The firm has a market capitalization of $59.27 billion, a PE ratio of 38.49, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The firm’s 50-day moving average is $568.40 and its 200-day moving average is $554.64.

Roper Technologies (NYSE:ROP) last announced its earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, topping 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%. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.41 EPS. Equities analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were paid a $0.825 dividend. The ex-dividend date was Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.60%. Roper Technologies’s dividend payout ratio (DPR) is currently 23.01%.

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.