John G Ullman & Associates Inc. Sells 35 Shares of Roper Technologies, Inc. (NYSE:ROP)

John G Ullman & Associates Inc. reduced its position in Roper Technologies, Inc. (NYSE:ROP) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 499 shares of the industrial products company’s stock after selling 35 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Roper Technologies were worth $272,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Beaumont Financial Advisors LLC boosted its stake in shares of Roper Technologies by 2.5% in the 4th quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company’s stock valued at $454,000 after purchasing an additional 20 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Roper Technologies by 10.0% during the 3rd quarter. Geneos Wealth Management Inc. now owns 231 shares of the industrial products company’s stock valued at $112,000 after acquiring an additional 21 shares during the period. UMB Bank n.a. lifted its position in shares of Roper Technologies by 0.6% during the 3rd quarter. UMB Bank n.a. now owns 3,437 shares of the industrial products company’s stock valued at $1,664,000 after acquiring an additional 21 shares during the period. NorthRock Partners LLC lifted its position in shares of Roper Technologies by 1.7% during the 3rd quarter. NorthRock Partners LLC now owns 1,223 shares of the industrial products company’s stock valued at $592,000 after acquiring an additional 21 shares during the period. Finally, Jacobi Capital Management LLC lifted its position in shares of Roper Technologies by 0.5% during the 3rd quarter. Jacobi Capital Management LLC now owns 4,193 shares of the industrial products company’s stock valued at $2,030,000 after acquiring an additional 21 shares during the period. 93.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ROP shares. Royal Bank of Canada boosted their target price on shares of Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. TD Cowen downgraded shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 target price on the stock. in a research report on Thursday, January 4th. Mizuho upped their price objective on shares of Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Barclays upped their price objective on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, Wells Fargo & Company upped their price objective 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. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $574.58.

Roper Technologies Price Performance

Shares of NYSE:ROP opened at $534.38 on Friday. 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 firm has a market capitalization of $57.19 billion, a PE ratio of 41.46, a P/E/G ratio of 2.78 and a beta of 0.99. Roper Technologies, Inc. has a twelve month low of $430.03 and a twelve month high of $565.00. The company has a 50-day moving average price of $545.64 and a two-hundred day moving average price of $531.75.

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

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, April 5th will be given a $0.75 dividend. The ex-dividend date of this dividend 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 currently 23.27%.

Insider Activity

In other news, Director Christopher Wright sold 200 shares of the firm’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 value of $109,942.00. Following the completion of the transaction, the director now directly owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.94% of the stock is owned by company insiders.

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.