WASHINGTON TRUST Co Sells 473 Shares of Roper Technologies, Inc. (NYSE:ROP)

WASHINGTON TRUST Co trimmed its holdings in Roper Technologies, Inc. (NYSE:ROP) by 7.7% in the 4th quarter, Holdings Channel reports. The fund owned 5,646 shares of the industrial products company’s stock after selling 473 shares during the quarter. WASHINGTON TRUST Co’s holdings in Roper Technologies were worth $3,078,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. raised 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 valued at $4,737,302,000 after purchasing an additional 100,621 shares in the last quarter. BlackRock Inc. raised its stake in shares of Roper Technologies by 22.9% in the second quarter. BlackRock Inc. now owns 9,496,315 shares of the industrial products company’s stock valued at $4,565,828,000 after purchasing an additional 1,770,965 shares in the last quarter. State Street Corp raised its stake in shares of Roper Technologies by 1.7% in the second quarter. State Street Corp now owns 4,369,088 shares of the industrial products company’s stock valued at $2,100,658,000 after purchasing an additional 74,241 shares in the last quarter. Morgan Stanley raised its stake 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 valued at $1,473,416,000 after purchasing an additional 95,728 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Roper Technologies by 1.7% during 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 acquiring an additional 42,962 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction that occurred 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 sale, the director now owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.94% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Barclays increased their price objective on Roper Technologies from $580.00 to $596.00 and gave the stock an “overweight” rating in a research note on Monday, February 5th. Raymond James increased their target price on Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. TD Cowen cut Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 target price on the stock. in a report on Thursday, January 4th. Oppenheimer increased their target price on Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, March 22nd. Finally, Wells Fargo & Company increased their target price on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and an average target price of $574.25.

Roper Technologies Trading Down 0.2 %

ROP traded down $1.30 during midday trading on Thursday, reaching $557.88. 183,997 shares of the company were exchanged, compared to its average volume of 488,547. 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 one year low of $430.03 and a one year high of $563.15. The stock has a market capitalization of $59.70 billion, a P/E ratio of 43.34, a PEG ratio of 2.92 and a beta of 0.99. The stock’s 50-day simple moving average is $548.00 and its 200 day simple moving average is $526.21.

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

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, April 5th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date is Thursday, April 4th. Roper Technologies’s dividend payout ratio is currently 23.27%.

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.