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

Cresset Asset Management LLC cut its holdings in Roper Technologies, Inc. (NYSE:ROP) by 56.6% in the 4th quarter, according to its most recent 13F filing with the 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 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. VSM Wealth Advisory LLC bought a new stake in Roper Technologies during the 4th quarter valued at $26,000. CoreFirst Bank & Trust purchased a new stake in shares of Roper Technologies during the fourth quarter valued at $36,000. OFI Invest Asset Management acquired a new stake in Roper Technologies during the 4th quarter worth about $38,000. Parvin Asset Management LLC purchased a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $39,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Roper Technologies by 7,500.0% in the fourth 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 in the last quarter. Institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on ROP shares. Oppenheimer reissued an “outperform” rating and set a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and increased their price objective for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. JPMorgan Chase & Co. boosted their target price on shares of Roper Technologies from $465.00 to $470.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 29th. Barclays restated an “underweight” rating on shares of Roper Technologies in a report on Monday, April 28th. Finally, Royal Bank of Canada upped their price objective on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an “outperform” rating in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $620.91.

Insider Buying and Selling at Roper Technologies

In other 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.87% of the company’s stock.

Roper Technologies Price Performance

Shares of ROP stock opened at $574.98 on Friday. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm has a market cap of $61.82 billion, a price-to-earnings ratio of 40.10, a PEG ratio of 2.77 and a beta of 1.08. The stock has a 50-day moving average price of $566.25 and a 200 day moving average price of $555.14. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, beating analysts’ consensus estimates of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. During the same period in the prior year, the firm earned $4.41 earnings per share. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. Research analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were issued a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 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.