White Pine Capital LLC Sells 75 Shares of Roper Technologies, Inc. (NYSE:ROP)

White Pine Capital LLC decreased its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,145 shares of the industrial products company’s stock after selling 75 shares during the period. White Pine Capital LLC’s holdings in Roper Technologies were worth $1,169,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ROP. Mackenzie Financial Corp raised its position in Roper Technologies by 45.6% in the fourth quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock worth $488,968,000 after acquiring an additional 280,873 shares during the period. iA Global Asset Management Inc. purchased a new stake in shares of Roper Technologies in the third quarter worth $82,379,000. Envestnet Asset Management Inc. increased its stake in shares of Roper Technologies by 81.7% in the third quarter. Envestnet Asset Management Inc. now owns 318,210 shares of the industrial products company’s stock worth $154,103,000 after purchasing an additional 143,122 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Roper Technologies by 512.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 144,407 shares of the industrial products company’s stock worth $69,933,000 after purchasing an additional 120,836 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake 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 purchasing an additional 100,621 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Trading Down 2.5 %

Roper Technologies stock traded down $13.63 during trading hours on Friday, hitting $526.78. The company had a trading volume of 856,081 shares, compared to its average volume of 498,846. The firm has a market cap of $56.38 billion, a P/E ratio of 40.87, a P/E/G ratio of 2.85 and a beta of 0.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50. Roper Technologies, Inc. has a 1 year low of $435.49 and a 1 year high of $565.00. The company has a 50-day moving average price of $545.05 and a two-hundred day moving average price of $533.36.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.07. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the company earned $3.90 EPS. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. On average, sell-side analysts anticipate that Roper Technologies, Inc. will post 18.08 earnings per share for the current year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were issued a $0.75 dividend. The ex-dividend date was Thursday, April 4th. This represents a $3.00 annualized dividend and a dividend yield of 0.57%. Roper Technologies’s dividend payout ratio is currently 23.27%.

Insider Buying and Selling

In related news, Director Christopher Wright sold 200 shares of the business’s stock in a transaction that occurred on 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 approximately $19,540,541.37. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.94% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ROP has been the subject of a number of analyst reports. Barclays increased their price objective on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. TD Cowen cut shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective for the company. in a research note on Thursday, January 4th. Royal Bank of Canada lifted their price target on shares of Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Mizuho lifted their price target on shares of Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Finally, Oppenheimer lifted their price target on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Four 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 company’s stock. According to MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and an average target price of $574.58.

About Roper Technologies

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.