Sound Financial Strategies Group LLC Has $631,000 Stake in Roper Technologies, Inc. (NYSE:ROP)

Sound Financial Strategies Group LLC decreased its position in Roper Technologies, Inc. (NYSE:ROP) by 42.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,158 shares of the industrial products company’s stock after selling 841 shares during the quarter. Roper Technologies comprises approximately 0.5% of Sound Financial Strategies Group LLC’s investment portfolio, making the stock its 27th biggest position. Sound Financial Strategies Group LLC’s holdings in Roper Technologies were worth $631,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in ROP. Mackenzie Financial Corp grew its position in shares of Roper Technologies by 45.6% in the fourth quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock valued at $488,968,000 after purchasing an additional 280,873 shares during the last quarter. iA Global Asset Management Inc. acquired a new stake in Roper Technologies during the third quarter worth approximately $82,379,000. Envestnet Asset Management Inc. grew its position in Roper Technologies by 81.7% during the third quarter. Envestnet Asset Management Inc. now owns 318,210 shares of the industrial products company’s stock worth $154,103,000 after buying an additional 143,122 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in Roper Technologies by 512.6% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 144,407 shares of the industrial products company’s stock worth $69,933,000 after buying an additional 120,836 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Roper Technologies by 1.0% during 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 in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Analysts Set New Price Targets

ROP has been the topic of a number of analyst reports. Mizuho increased their price target on Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a research report on Thursday, February 1st. Wells Fargo & Company increased their price target on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Oppenheimer increased their price target on Roper Technologies from $580.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday, March 22nd. Barclays raised their target price on Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada raised their target price on Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Four equities 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $574.58.

Insiders Place Their Bets

In other Roper Technologies news, Director Christopher Wright sold 200 shares of Roper Technologies 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.94% of the company’s stock.

Roper Technologies Price Performance

Shares of ROP traded down $1.61 during trading hours on Wednesday, reaching $538.01. The stock had a trading volume of 620,649 shares, compared to its average volume of 500,411. Roper Technologies, Inc. has a 12 month low of $430.03 and a 12 month high of $565.00. The stock has a market capitalization of $57.58 billion, a PE ratio of 41.74, a PEG ratio of 2.84 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. The company’s 50-day moving average is $545.58 and its two-hundred day moving average is $533.12.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.03. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the company earned $3.92 EPS. Roper Technologies’s revenue was up 12.7% compared to the same quarter last year. Research analysts expect that Roper Technologies, Inc. will post 18.08 EPS for the current year.

Roper Technologies Announces Dividend

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

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.