Simplicity Solutions LLC Sells 1,012 Shares of Roper Technologies, Inc. (NYSE:ROP)

Simplicity Solutions LLC lowered its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 32.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,072 shares of the industrial products company’s stock after selling 1,012 shares during the quarter. Simplicity Solutions LLC’s holdings in Roper Technologies were worth $1,130,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Roper Technologies by 1.0% in the third quarter. Vanguard Group Inc. now owns 9,782,155 shares of the industrial products company’s stock worth $4,737,302,000 after buying an additional 100,621 shares during the period. State Street Corp increased its stake in Roper Technologies by 1.6% in the 1st quarter. State Street Corp now owns 4,294,847 shares of the industrial products company’s stock worth $1,892,695,000 after purchasing an additional 68,038 shares during the period. Morgan Stanley lifted its position in Roper Technologies by 2.9% in the fourth quarter. Morgan Stanley now owns 3,409,974 shares of the industrial products company’s stock valued at $1,473,416,000 after purchasing an additional 95,728 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Roper Technologies by 1.7% during the third quarter. Principal Financial Group Inc. now owns 2,528,982 shares of the industrial products company’s stock valued at $1,224,736,000 after purchasing an additional 42,962 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Roper Technologies by 7.3% in the first quarter. Geode Capital Management LLC now owns 1,987,014 shares of the industrial products company’s stock worth $873,554,000 after purchasing an additional 135,524 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ROP shares. Barclays upped their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Mizuho raised their target price on Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Oppenheimer boosted 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. 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 report on Thursday, February 1st. Finally, Wells Fargo & Company boosted their target price on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $574.58.

Roper Technologies Stock Performance

Shares of ROP stock opened at $528.26 on Tuesday. The company’s fifty day moving average price is $547.13 and its 200-day moving average price is $531.16. The stock has a market cap of $56.53 billion, a PE ratio of 32.07, a price-to-earnings-growth ratio of 2.82 and a beta of 0.99. 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, Inc. has a 12 month low of $430.03 and a 12 month high of $565.00.

Roper Technologies (NYSE:ROP) last issued 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 company had revenue of $1.61 billion during 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%. Roper Technologies’s revenue was up 12.7% on a year-over-year basis. During the same period last year, the company posted $3.92 EPS. On average, equities analysts expect that Roper Technologies, Inc. will post 18.07 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.27%.

Insiders Place Their Bets

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

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.