Roper Technologies, Inc. (NYSE:ROP) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. trimmed its holdings in Roper Technologies, Inc. (NYSE:ROP) by 82.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,125 shares of the industrial products company’s stock after selling 9,734 shares during the quarter. Shell Asset Management Co.’s holdings in Roper Technologies were worth $1,105,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Manchester Capital Management LLC lifted its stake in Roper Technologies by 1.6% during the fourth 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 lifted its stake in Roper Technologies by 3.1% during the fourth 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. Principal Securities Inc. lifted its stake in Roper Technologies by 0.5% during the fourth 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. Exchange Capital Management Inc. lifted its stake in Roper Technologies by 0.7% during the fourth 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. Finally, PFG Investments LLC lifted its stake in Roper Technologies by 1.1% during the fourth quarter. PFG Investments LLC now owns 1,946 shares of the industrial products company’s stock valued at $1,011,000 after buying an additional 21 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Jason Conley sold 3,000 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,540,925.18. This represents a 8.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.78% of the stock is currently owned by corporate insiders.

Roper Technologies Trading Up 1.5%

NYSE:ROP opened at $582.88 on Friday. The stock’s 50 day moving average price is $565.24 and its 200 day moving average price is $556.40. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The company has a market capitalization of $62.67 billion, a P/E ratio of 40.65, a P/E/G ratio of 2.77 and a beta of 1.08. 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 (NYSE:ROP) last released its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 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 company earned $4.41 EPS. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. On average, research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company 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 dividend payout ratio is currently 23.81%.

Wall Street Analysts Forecast Growth

ROP has been the subject of a number of analyst reports. Truist Financial reaffirmed a “buy” rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. Barclays reaffirmed an “underweight” rating on shares of Roper Technologies in a research note on Monday, April 28th. JPMorgan Chase & Co. upped their target price on Roper Technologies from $470.00 to $561.00 and gave the company a “neutral” rating in a report on Friday. Raymond James reiterated a “strong-buy” rating and issued a $655.00 target price on shares of Roper Technologies in a report on Monday, April 28th. Finally, William Blair initiated coverage on Roper Technologies in a report on Monday, May 5th. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $629.18.

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.