Roper Technologies, Inc. (NYSE:ROP) Stock Holdings Lessened by Mirova US LLC

Mirova US LLC decreased its position in Roper Technologies, Inc. (NYSE:ROP) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 698,469 shares of the industrial products company’s stock after selling 3,939 shares during the quarter. Roper Technologies makes up 5.7% of Mirova US LLC’s investment portfolio, making the stock its 8th largest position. Mirova US LLC owned 0.65% of Roper Technologies worth $380,784,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ROP. Moneta Group Investment Advisors LLC increased its position in shares of Roper Technologies by 68,873.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,724,328 shares of the industrial products company’s stock valued at $745,065,000 after acquiring an additional 1,721,828 shares during the period. Norges Bank purchased a new position in shares of Roper Technologies in the fourth quarter valued at about $497,958,000. CI Private Wealth LLC bought a new stake in shares of Roper Technologies during the 4th quarter valued at about $245,541,000. Durable Capital Partners LP boosted its stake in shares of Roper Technologies by 51.3% during the 1st quarter. Durable Capital Partners LP now owns 1,395,525 shares of the industrial products company’s stock valued at $659,009,000 after purchasing an additional 473,168 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of Roper Technologies by 45.6% during the 4th quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock valued at $488,968,000 after purchasing an additional 280,873 shares in the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Insider Activity

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the company’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 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 filing with the SEC, which can be accessed through this link. 0.94% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Oppenheimer lifted their target price on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Raymond James boosted their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. Barclays boosted 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. Finally, Wells Fargo & Company boosted their price objective on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Four 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $574.58.

Roper Technologies Stock Down 0.2 %

Shares of NYSE ROP traded down $1.28 during midday trading on Wednesday, hitting $526.98. The stock had a trading volume of 405,315 shares, compared to its average volume of 449,069. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33. The business’s 50 day moving average is $546.76 and its 200-day moving average is $531.46. Roper Technologies, Inc. has a 52 week low of $430.03 and a 52 week high of $565.00. The company has a market cap of $56.40 billion, a P/E ratio of 40.88, a PEG ratio of 2.78 and a beta of 0.99.

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

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, April 5th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $3.00 annualized dividend and a dividend yield of 0.57%. Roper Technologies’s payout ratio is 23.27%.

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.