Sigma Planning Corp Lowers Stake in Roper Technologies, Inc. (NYSE:ROP)

Sigma Planning Corp reduced its position in Roper Technologies, Inc. (NYSE:ROP) by 49.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 941 shares of the industrial products company’s stock after selling 926 shares during the quarter. Sigma Planning Corp’s holdings in Roper Technologies were worth $513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AE Wealth Management LLC lifted its position in shares of Roper Technologies by 93.5% in the third quarter. AE Wealth Management LLC now owns 1,641 shares of the industrial products company’s stock valued at $795,000 after acquiring an additional 793 shares in the last quarter. DAVENPORT & Co LLC raised its stake in Roper Technologies by 12.0% during the 3rd quarter. DAVENPORT & Co LLC now owns 637 shares of the industrial products company’s stock valued at $309,000 after purchasing an additional 68 shares during the period. Caprock Group LLC lifted its holdings in Roper Technologies by 15.1% in the 3rd quarter. Caprock Group LLC now owns 1,406 shares of the industrial products company’s stock worth $681,000 after purchasing an additional 184 shares in the last quarter. UMB Bank n.a. boosted its stake in Roper Technologies by 0.6% in the 3rd quarter. UMB Bank n.a. now owns 3,437 shares of the industrial products company’s stock worth $1,664,000 after purchasing an additional 21 shares during the period. Finally, Czech National Bank grew its holdings in Roper Technologies by 47.8% during the 3rd quarter. Czech National Bank now owns 18,650 shares of the industrial products company’s stock valued at $9,032,000 after buying an additional 6,032 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Trading Up 0.4 %

Shares of NYSE:ROP opened at $540.41 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $57.83 billion, a PE ratio of 32.20, a P/E/G ratio of 2.83 and a beta of 0.99. Roper Technologies, Inc. has a 12-month low of $430.03 and a 12-month high of $565.00. The business’s fifty day simple moving average is $545.43 and its 200-day simple moving average is $533.17.

Roper Technologies (NYSE:ROP) last posted its earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.34 by $0.03. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.58 billion. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.92 earnings per share. As a group, equities research analysts predict that Roper Technologies, Inc. will post 18.08 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

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

Insider Activity

In related news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the transaction, the director now directly owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Mizuho increased their price target on shares of Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Wells Fargo & Company lifted their target price on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. Oppenheimer increased their price target on Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Barclays raised their price target on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, TD Cowen cut shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective on the stock. in a research report on Thursday, January 4th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $574.58.

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.