NewEdge Wealth LLC Sells 30 Shares of Roper Technologies, Inc. (NYSE:ROP)

NewEdge Wealth LLC trimmed its holdings in Roper Technologies, Inc. (NYSE:ROP) by 0.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,588 shares of the industrial products company’s stock after selling 30 shares during the quarter. NewEdge Wealth LLC’s holdings in Roper Technologies were worth $2,501,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Lord Abbett & CO. LLC lifted its position in Roper Technologies by 1.7% in the first quarter. Lord Abbett & CO. LLC now owns 27,664 shares of the industrial products company’s stock worth $13,064,000 after purchasing an additional 463 shares during the period. Prudential PLC bought a new position in Roper Technologies in the first quarter worth $1,038,000. Cetera Investment Advisers lifted its position in Roper Technologies by 0.8% in the first quarter. Cetera Investment Advisers now owns 3,916 shares of the industrial products company’s stock worth $1,849,000 after purchasing an additional 30 shares during the period. Sequoia Financial Advisors LLC acquired a new position in Roper Technologies during the first quarter worth $367,000. Finally, Candriam Luxembourg S.C.A. raised its stake in Roper Technologies by 432.2% during the first quarter. Candriam Luxembourg S.C.A. now owns 37,205 shares of the industrial products company’s stock worth $17,569,000 after acquiring an additional 30,214 shares in the last quarter. 93.31% of the stock is owned by institutional investors.

Roper Technologies Price Performance

Roper Technologies stock opened at $535.83 on Monday. The business’s 50-day simple moving average is $547.48 and its 200 day simple moving average is $530.87. The stock has a market cap of $57.34 billion, a price-to-earnings ratio of 32.07, a P/E/G ratio of 2.82 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 company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33.

Roper Technologies (NYSE:ROP) last posted its quarterly 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 business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations 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 last year, the business earned $3.92 earnings per share. As a group, research analysts anticipate that Roper Technologies, Inc. will post 18.07 earnings per share for the current 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 issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.56%. The ex-dividend date is Thursday, April 4th. Roper Technologies’s dividend payout ratio is 23.27%.

Insider Activity at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the transaction, the director now owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.94% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Oppenheimer increased their price objective on Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a research note on Friday, March 22nd. Mizuho increased their price objective on Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Raymond James increased their price objective on Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. Barclays increased their price objective on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Royal Bank of Canada increased their price objective on Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a research note on Thursday, February 1st. Four investment 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 company’s stock. According to data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $574.58.

Roper Technologies 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.