Raymond James Financial Services Advisors Inc. Trims Holdings in Roper Technologies, Inc. (NYSE:ROP)

Raymond James Financial Services Advisors Inc. reduced its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 6.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,088 shares of the industrial products company’s stock after selling 3,687 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Roper Technologies were worth $28,942,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. OFI Invest Asset Management purchased a new position in shares of Roper Technologies during the third quarter worth approximately $25,000. Altshuler Shaham Ltd purchased a new position in Roper Technologies during the 3rd quarter worth $27,000. Compass Wealth Management LLC purchased a new stake in shares of Roper Technologies in the 4th quarter worth $30,000. Fortis Capital Advisors LLC purchased a new stake in shares of Roper Technologies in the 4th quarter worth $30,000. Finally, Lee Financial Co bought a new position in shares of Roper Technologies during the 3rd quarter worth $34,000. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Up 0.9 %

Shares of ROP opened at $559.18 on Thursday. The firm has a market cap of $59.84 billion, a P/E ratio of 33.18, a PEG ratio of 2.92 and a beta of 0.99. Roper Technologies, Inc. has a 12 month low of $428.83 and a 12 month high of $562.69. The stock’s 50 day moving average is $548.00 and its two-hundred day moving average is $526.21. 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 released its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.34 by $0.03. The firm 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 firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.92 EPS. Analysts predict that Roper Technologies, Inc. will post 18.07 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Friday, April 5th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Thursday, April 4th. Roper Technologies’s payout ratio is 23.27%.

Analysts Set New Price Targets

ROP has been the topic of several research reports. Wells Fargo & Company lifted their price objective on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Oppenheimer increased their target price on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Raymond James increased their price objective on Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. TD Cowen cut shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 target price for the company. in a research note on Thursday, January 4th. Finally, Barclays boosted their price objective on shares of Roper Technologies from $580.00 to $596.00 and gave the company an “overweight” rating in a report on Monday, February 5th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies has a consensus rating of “Moderate Buy” and an average price target of $574.25.

Insiders Place Their Bets

In other news, Director Christopher Wright sold 200 shares of the company’s 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 completion of the sale, 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 the SEC website. 0.94% of the stock is currently owned by corporate 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.