Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. lowered its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 82.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,125 shares of the industrial products company’s stock after selling 9,734 shares during the quarter. Shell Asset Management Co.’s holdings in Roper Technologies were worth $1,105,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in ROP. Norges Bank acquired a new stake in shares of Roper Technologies during the fourth quarter worth approximately $914,052,000. T. Rowe Price Investment Management Inc. boosted its holdings in Roper Technologies by 42.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company’s stock worth $2,678,009,000 after purchasing an additional 1,529,716 shares during the period. JPMorgan Chase & Co. increased its stake in Roper Technologies by 54.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company’s stock valued at $531,633,000 after purchasing an additional 360,632 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Roper Technologies during the fourth quarter valued at $148,070,000. Finally, Proficio Capital Partners LLC increased its stake in Roper Technologies by 59,278.6% during the fourth quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company’s stock valued at $145,697,000 after purchasing an additional 279,795 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the stock in a transaction dated 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 transaction, the chief financial officer now owns 31,522 shares in the company, valued at $18,540,925.18. This represents a 8.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.78% of the stock is currently owned by insiders.

Roper Technologies Stock Up 1.5%

Roper Technologies stock opened at $582.88 on Friday. The company has a 50-day simple moving average of $565.24 and a 200-day simple moving average of $556.40. The firm has a market capitalization of $62.67 billion, a P/E ratio of 40.65, a P/E/G ratio of 2.77 and a beta of 1.08. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17.

Roper Technologies (NYSE:ROP) last announced its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 revenue was up 12.0% on a year-over-year basis. During the same period last year, the firm posted $4.41 earnings per share. As a group, equities analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were given a $0.825 dividend. The ex-dividend date was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. Roper Technologies’s dividend payout ratio is presently 23.81%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ROP. TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and boosted their target price for the company from $535.00 to $615.00 in a research note on Tuesday, January 28th. Royal Bank of Canada boosted their target price on shares of Roper Technologies from $694.00 to $695.00 and gave the company an “outperform” rating in a research note on Tuesday, April 29th. William Blair began coverage on shares of Roper Technologies in a research note on Monday, May 5th. They set an “outperform” rating for the company. Robert W. Baird boosted their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the company an “outperform” rating in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Roper Technologies from $470.00 to $561.00 and gave the company a “neutral” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $629.18.

Roper Technologies Company 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.