TAP Consulting LLC Sells 129 Shares of Roper Technologies, Inc. (NYSE:ROP)

TAP Consulting LLC trimmed its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,486 shares of the industrial products company’s stock after selling 129 shares during the period. TAP Consulting LLC’s holdings in Roper Technologies were worth $2,446,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. AE Wealth Management LLC lifted its position in shares of Roper Technologies by 93.5% in the third quarter. AE Wealth Management LLC now owns 1,641 shares of the industrial products company’s stock valued at $795,000 after acquiring an additional 793 shares in the last quarter. Capital Investment Advisors LLC purchased a new position in Roper Technologies during the 3rd quarter valued at about $473,000. DAVENPORT & Co LLC increased its stake in Roper Technologies by 12.0% during the 3rd quarter. DAVENPORT & Co LLC now owns 637 shares of the industrial products company’s stock worth $309,000 after buying an additional 68 shares during the period. Caprock Group LLC increased its position in shares of Roper Technologies by 15.1% during the third quarter. Caprock Group LLC now owns 1,406 shares of the industrial products company’s stock worth $681,000 after acquiring an additional 184 shares during the period. Finally, RDA Financial Network grew its position in shares of Roper Technologies by 40.1% during the third quarter. RDA Financial Network now owns 789 shares of the industrial products company’s stock worth $382,000 after buying an additional 226 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on ROP. TD Cowen downgraded Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective on the stock. in a report on Thursday, January 4th. Wells Fargo & Company upped their price objective on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. Barclays lifted their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Oppenheimer increased their price objective on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Finally, Royal Bank of Canada upped their target price on shares of Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $574.58.

Roper Technologies Stock Up 0.4 %

Shares of ROP stock traded up $2.40 during trading on Thursday, hitting $540.41. 552,496 shares of the company were exchanged, compared to its average volume of 501,062. Roper Technologies, Inc. has a twelve month low of $430.03 and a twelve month high of $565.00. 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 firm has a market capitalization of $57.83 billion, a price-to-earnings ratio of 41.92, a P/E/G ratio of 2.84 and a beta of 0.99. The business’s 50-day simple moving average is $545.43 and its 200 day simple moving average is $533.17.

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, beating the consensus estimate of $4.34 by $0.03. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the business earned $3.92 EPS. Roper Technologies’s quarterly revenue was up 12.7% compared to the same quarter last year. As a group, analysts forecast that Roper Technologies, Inc. will post 18.08 EPS for the current fiscal year.

Roper Technologies Announces Dividend

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

Insider Buying and Selling

In related news, Director Christopher Wright sold 200 shares of the firm’s stock in a transaction that occurred 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 owns 35,547 shares in the company, valued at approximately $19,540,541.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.94% of the stock is owned by company insiders.

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.