Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Sigma Planning Corp

Sigma Planning Corp cut its holdings in Roper Technologies, Inc. (NYSE:ROP) by 49.6% during the fourth quarter, HoldingsChannel reports. The fund owned 941 shares of the industrial products company’s stock after selling 926 shares during the period. Sigma Planning Corp’s holdings in Roper Technologies were worth $513,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. OFI Invest Asset Management acquired a new stake in shares of Roper Technologies during the 3rd quarter worth about $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Roper Technologies during the third quarter valued at about $27,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of Roper Technologies during the fourth quarter valued at about $31,000. Independence Bank of Kentucky acquired a new position in shares of Roper Technologies in the 4th quarter worth approximately $31,000. Finally, Lee Financial Co purchased a new position in shares of Roper Technologies during the 3rd quarter worth approximately $34,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $540.41 on Friday. The stock has a market cap of $57.83 billion, a P/E ratio of 32.20, a P/E/G ratio of 2.83 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 stock has a 50 day moving average of $545.43 and a two-hundred day moving average of $533.17. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33.

Roper Technologies (NYSE:ROP) last announced its earnings results 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. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the company posted $3.92 EPS. On average, research analysts forecast that Roper Technologies, Inc. will post 18.08 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.27%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wells Fargo & Company boosted their target price on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. TD Cowen downgraded Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective on the stock. in a report on Thursday, January 4th. Oppenheimer raised their target price on Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Barclays lifted their target price on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Raymond James increased 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. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $574.58.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies 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 transaction, the director now directly owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.94% of the stock is owned by company insiders.

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.