Greenleaf Trust Lowers Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Greenleaf Trust lowered its stake in Roper Technologies, Inc. (NYSE:ROP) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,510 shares of the industrial products company’s stock after selling 901 shares during the period. Greenleaf Trust’s holdings in Roper Technologies were worth $20,449,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Roper Technologies by 1.0% in the third quarter. Vanguard Group Inc. now owns 9,782,155 shares of the industrial products company’s stock worth $4,737,302,000 after buying an additional 100,621 shares during the period. State Street Corp increased its holdings in shares of Roper Technologies by 1.6% in the first quarter. State Street Corp now owns 4,294,847 shares of the industrial products company’s stock worth $1,892,695,000 after buying an additional 68,038 shares during the period. Morgan Stanley increased its holdings in shares of Roper Technologies by 2.9% in the fourth quarter. Morgan Stanley now owns 3,409,974 shares of the industrial products company’s stock worth $1,473,416,000 after buying an additional 95,728 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Roper Technologies by 1.7% in the third quarter. Principal Financial Group Inc. now owns 2,528,982 shares of the industrial products company’s stock worth $1,224,736,000 after buying an additional 42,962 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Roper Technologies by 7.3% in the first quarter. Geode Capital Management LLC now owns 1,987,014 shares of the industrial products company’s stock worth $873,554,000 after buying an additional 135,524 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Up 1.3 %

Shares of ROP stock traded up $7.11 during trading hours on Friday, hitting $534.38. 764,380 shares of the company’s stock traded hands, compared to its average volume of 499,155. The stock’s fifty day simple moving average is $545.95 and its two-hundred day simple moving average is $531.40. Roper Technologies, Inc. has a 12-month low of $430.03 and a 12-month high of $565.00. The stock has a market cap of $57.19 billion, a price-to-earnings ratio of 41.46, a PEG ratio of 2.77 and a beta of 0.99. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data 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. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the business earned $3.92 EPS. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, analysts expect that Roper Technologies, Inc. will post 18.07 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Friday, April 5th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a yield of 0.56%. Roper Technologies’s dividend payout ratio is presently 23.27%.

Insider Buying and Selling at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the completion of the sale, the director now directly owns 35,547 shares in the company, valued at approximately $19,540,541.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. TD Cowen downgraded Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective on the stock. in a report on Thursday, January 4th. Wells Fargo & Company raised their target price on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Mizuho raised their target price on Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Oppenheimer raised their target price on Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Finally, Barclays raised their target price on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $574.58.

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.