Vestmark Advisory Solutions Inc. Reduces Position in Roper Technologies, Inc. (NYSE:ROP)

Vestmark Advisory Solutions Inc. cut its holdings in Roper Technologies, Inc. (NYSE:ROP) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,524 shares of the industrial products company’s stock after selling 81 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Roper Technologies were worth $2,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the business. Commonwealth Equity Services LLC boosted its holdings in Roper Technologies by 2.9% in the third quarter. Commonwealth Equity Services LLC now owns 19,712 shares of the industrial products company’s stock worth $9,546,000 after purchasing an additional 553 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Roper Technologies by 16.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 4,403 shares of the industrial products company’s stock worth $2,132,000 after buying an additional 623 shares in the last quarter. Pinnacle Associates Ltd. boosted its position in shares of Roper Technologies by 30.0% during the 3rd quarter. Pinnacle Associates Ltd. now owns 1,320 shares of the industrial products company’s stock valued at $639,000 after acquiring an additional 305 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new position in shares of Roper Technologies in the 3rd quarter worth $220,000. Finally, Forsta AP Fonden increased its stake in Roper Technologies by 1.1% during the third quarter. Forsta AP Fonden now owns 18,100 shares of the industrial products company’s stock worth $8,765,000 after acquiring an additional 200 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Trading Up 1.3 %

Shares of ROP stock traded up $6.39 during mid-day trading on Friday, reaching $517.21. The company’s stock had a trading volume of 1,067,608 shares, compared to its average volume of 573,615. The company’s 50 day simple moving average is $541.39 and its 200-day simple moving average is $533.82. The firm has a market capitalization of $55.36 billion, a PE ratio of 37.53, a price-to-earnings-growth ratio of 2.71 and a beta of 1.00. Roper Technologies, Inc. has a 12-month low of $441.06 and a 12-month high of $565.00. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the business earned $3.90 EPS. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, research analysts predict that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were issued a dividend of $0.75 per share. The ex-dividend date was Thursday, April 4th. This represents a $3.00 annualized dividend and a yield of 0.58%. Roper Technologies’s payout ratio is 21.77%.

Insider Activity

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 transaction of $109,942.00. Following the completion of the sale, the director now directly owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ROP shares. Wells Fargo & Company boosted their target price on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. Barclays upped 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. Royal Bank of Canada lowered their price objective on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Raymond James boosted their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. Finally, Mizuho lifted their price target on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $584.82.

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.