MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 5,452 Shares of Roper Technologies, Inc. (NYSE:ROP)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lowered its holdings in Roper Technologies, Inc. (NYSE:ROP) by 6.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,592 shares of the industrial products company’s stock after selling 5,452 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.07% of Roper Technologies worth $40,856,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ROP. Manchester Capital Management LLC raised its position in shares of Roper Technologies by 1.6% in the 4th quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company’s stock valued at $592,000 after buying an additional 18 shares in the last quarter. Oxford Financial Group LTD. LLC raised its position in shares of Roper Technologies by 3.1% in the 4th quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company’s stock valued at $309,000 after buying an additional 18 shares in the last quarter. Meridian Financial Partners LLC raised its position in shares of Roper Technologies by 1.0% in the 4th quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company’s stock valued at $1,067,000 after buying an additional 20 shares in the last quarter. Principal Securities Inc. raised its position in shares of Roper Technologies by 0.5% in the 4th quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company’s stock valued at $2,231,000 after buying an additional 20 shares in the last quarter. Finally, Exchange Capital Management Inc. raised its position in shares of Roper Technologies by 0.7% in the 4th quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company’s stock valued at $1,426,000 after buying an additional 20 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Performance

NYSE ROP opened at $577.07 on Wednesday. The company has a market capitalization of $62.04 billion, a price-to-earnings ratio of 40.24, a PEG ratio of 2.77 and a beta of 1.08. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The stock has a fifty day simple moving average of $565.38 and a 200 day simple moving average of $555.83. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, beating 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%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period in the prior year, the business earned $4.41 earnings per share. Sell-side analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were issued a $0.825 dividend. The ex-dividend date was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. Roper Technologies’s payout ratio is 23.81%.

Analysts Set New Price Targets

Several equities analysts have recently commented on ROP shares. Royal Bank of Canada boosted their target price on shares of Roper Technologies from $694.00 to $695.00 and gave the company an “outperform” rating in a research report on Tuesday, April 29th. Oppenheimer restated an “outperform” rating and issued a $640.00 target price on shares of Roper Technologies in a research report on Monday, April 28th. JPMorgan Chase & Co. boosted their target price on shares of Roper Technologies from $465.00 to $470.00 and gave the company a “neutral” rating in a research report on Tuesday, April 29th. Stifel Nicolaus lowered their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a “buy” rating for the company in a research report on Tuesday, April 29th. Finally, TD Cowen upgraded shares of Roper Technologies from a “hold” rating to a “buy” rating and raised their target price for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $620.91.

Insider Activity at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the sale, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,540,925.18. This represents a 8.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.78% of the stock is currently owned by company 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.