SVB Wealth LLC Cuts Position in Roper Technologies, Inc. (NYSE:ROP)

SVB Wealth LLC trimmed its holdings in Roper Technologies, Inc. (NYSE:ROP) by 41.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,595 shares of the industrial products company’s stock after selling 1,145 shares during the quarter. SVB Wealth LLC’s holdings in Roper Technologies were worth $870,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OFI Invest Asset Management acquired a new position in Roper Technologies in the third quarter valued at approximately $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Roper Technologies in the third quarter valued at approximately $27,000. Independence Bank of Kentucky acquired a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $31,000. Lee Financial Co acquired a new stake in shares of Roper Technologies in the third quarter valued at approximately $34,000. Finally, Compass Wealth Management LLC acquired a new stake in shares of Roper Technologies in the fourth quarter valued at approximately $30,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ROP. Oppenheimer increased their price objective on Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a 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. Mizuho increased their price objective on 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 increased their price objective on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Finally, TD Cowen downgraded Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target for the company. in a report on Thursday, January 4th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $574.58.

Insiders Place Their Bets

In other Roper Technologies 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 sale, 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 SEC, which can be accessed through this link. 0.94% of the stock is owned by corporate insiders.

Roper Technologies Trading Up 1.3 %

NYSE:ROP opened at $534.38 on Friday. The stock has a fifty day moving average price of $545.64 and a two-hundred day moving average price of $531.75. The stock has a market capitalization of $57.19 billion, a price-to-earnings ratio of 31.55, a PEG ratio of 2.78 and a beta of 0.99. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50. Roper Technologies, Inc. has a 1 year low of $430.03 and a 1 year high of $565.00.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.03. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the business posted $3.92 earnings per share. Roper Technologies’s revenue was up 12.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Roper Technologies, Inc. will post 18.07 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

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

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.