Roper Technologies, Inc. (NYSE:ROP) Holdings Reduced by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its stake in Roper Technologies, Inc. (NYSE:ROP) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 351,566 shares of the industrial products company’s stock after selling 10,598 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.33% of Roper Technologies worth $182,762,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Douglas Lane & Associates LLC lifted its position in shares of Roper Technologies by 18.9% in the fourth quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company’s stock worth $57,005,000 after buying an additional 17,466 shares during the last quarter. Synovus Financial Corp raised its holdings in Roper Technologies by 19.6% during the 3rd quarter. Synovus Financial Corp now owns 5,867 shares of the industrial products company’s stock worth $3,265,000 after purchasing an additional 961 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Roper Technologies by 8.5% in the 4th quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company’s stock valued at $280,113,000 after acquiring an additional 42,016 shares during the last quarter. First Financial Bank Trust Division increased its stake in shares of Roper Technologies by 28.0% in the 4th quarter. First Financial Bank Trust Division now owns 10,722 shares of the industrial products company’s stock valued at $5,574,000 after acquiring an additional 2,343 shares during the last quarter. Finally, Signal Advisors Wealth LLC increased its stake in Roper Technologies by 42.0% during the 4th quarter. Signal Advisors Wealth LLC now owns 5,816 shares of the industrial products company’s stock worth $3,023,000 after purchasing an additional 1,719 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Raymond James reissued a “strong-buy” rating and issued a $655.00 price objective on shares of Roper Technologies in a research report on Monday. Stifel Nicolaus started coverage on shares of Roper Technologies in a report on Thursday, March 27th. They set a “buy” rating and a $685.00 target price for the company. Barclays reissued an “underweight” rating on shares of Roper Technologies in a report on Monday. JPMorgan Chase & Co. cut their price objective on shares of Roper Technologies from $558.00 to $465.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $640.00 price target on shares of Roper Technologies in a report on Monday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies presently has an average rating of “Moderate Buy” and an average target price of $620.73.

Roper Technologies Stock Performance

NYSE:ROP opened at $551.95 on Tuesday. The firm has a market cap of $59.27 billion, a PE ratio of 38.49, a price-to-earnings-growth ratio of 2.77 and a beta of 1.04. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The business has a 50 day moving average price of $568.40 and a 200-day moving average price of $554.64.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. During the same period in the prior year, the business earned $4.41 earnings per share. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. Equities research analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were paid a dividend of $0.825 per share. The ex-dividend date was Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.60%. Roper Technologies’s payout ratio is 23.01%.

Insider Buying and Selling at Roper Technologies

In related news, VP John K. Stipancich sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $578.04, for a total value of $578,040.00. Following the completion of the sale, the vice president now owns 38,932 shares in the company, valued at approximately $22,504,253.28. The trade was a 2.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard F. Wallman sold 351 shares of the company’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $575.25, for a total value of $201,912.75. Following the sale, the director now owns 20,187 shares of the company’s stock, valued at approximately $11,612,571.75. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,101 shares of company stock worth $4,712,045 over the last 90 days. 0.87% of the stock is owned by insiders.

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.