Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Nelson Capital Management LLC

Nelson Capital Management LLC lowered its position in Roper Technologies, Inc. (NYSE:ROP) by 3.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,908 shares of the industrial products company’s stock after selling 372 shares during the period. Roper Technologies comprises approximately 1.2% of Nelson Capital Management LLC’s investment portfolio, making the stock its 23rd biggest position. Nelson Capital Management LLC’s holdings in Roper Technologies were worth $5,402,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. OFI Invest Asset Management purchased a new stake in Roper Technologies during the 3rd quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new stake in Roper Technologies during the 3rd quarter valued at about $27,000. Compass Wealth Management LLC purchased a new stake in Roper Technologies during the 4th quarter valued at about $30,000. Fortis Capital Advisors LLC purchased a new stake in Roper Technologies during the 4th quarter valued at about $30,000. Finally, Independence Bank of Kentucky purchased a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $31,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insiders Place Their Bets

In other news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the transaction, the director now owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.94% of the stock is owned by corporate insiders.

Roper Technologies Trading Down 1.4 %

Shares of Roper Technologies stock traded down $7.49 during trading hours on Wednesday, reaching $535.99. The stock had a trading volume of 452,539 shares, compared to its average volume of 490,269. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. Roper Technologies, Inc. has a 1 year low of $430.03 and a 1 year high of $565.00. The firm has a market capitalization of $57.36 billion, a price-to-earnings ratio of 42.16, a P/E/G ratio of 2.86 and a beta of 0.99. The firm has a 50 day simple moving average of $547.90 and a two-hundred day simple moving average of $529.83.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.03. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $3.92 earnings per share. As a group, equities research analysts anticipate that Roper Technologies, Inc. will post 18.07 earnings per share for the current year.

Roper Technologies Dividend Announcement

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

Analyst Ratings Changes

Several analysts have recently weighed in on ROP shares. TD Cowen cut shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target for the company. in a research note on Thursday, January 4th. Barclays increased their price objective on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Mizuho upped their target price on Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Wells Fargo & Company upped their price objective on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. Finally, Royal Bank of Canada upped their price objective on Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.