Ensign Peak Advisors Inc Sells 2,344 Shares of Roper Technologies, Inc. (NYSE:ROP)

Ensign Peak Advisors Inc cut its position in Roper Technologies, Inc. (NYSE:ROP) by 1.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 135,315 shares of the industrial products company’s stock after selling 2,344 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Roper Technologies were worth $70,344,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. VSM Wealth Advisory LLC acquired a new position in Roper Technologies during the 4th quarter valued at $26,000. CoreFirst Bank & Trust bought a new stake in shares of Roper Technologies in the 4th quarter worth approximately $36,000. Parvin Asset Management LLC acquired a new position in shares of Roper Technologies in the fourth quarter valued at $39,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 75 shares during the period. Finally, OFI Invest Asset Management bought a new stake in Roper Technologies in the 4th quarter valued at $38,000. Institutional investors own 93.31% of the company’s stock.

Insider Activity at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the sale, the chief financial officer now directly owns 31,522 shares of the company’s stock, valued at approximately $18,540,925.18. The trade was a 8.69 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Roper Technologies Stock Down 0.8 %

NYSE ROP opened at $570.48 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The stock has a market capitalization of $61.34 billion, a P/E ratio of 39.78, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. The stock has a fifty day moving average of $565.97 and a 200-day moving average of $555.26.

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

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were given a $0.825 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. Roper Technologies’s dividend payout ratio is 23.81%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ROP. Robert W. Baird increased their price target on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 29th. Barclays reaffirmed an “underweight” rating on shares of Roper Technologies in a research note on Monday, April 28th. JPMorgan Chase & Co. lifted their price objective on Roper Technologies from $465.00 to $470.00 and gave the company a “neutral” rating in a report on Tuesday, April 29th. Royal Bank of Canada upped their target price on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an “outperform” rating in a report on Tuesday, April 29th. Finally, William Blair initiated coverage on shares of Roper Technologies in a research report on Monday, May 5th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $620.91.

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.