Ardevora Asset Management LLP Has $11.04 Million Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Ardevora Asset Management LLP reduced its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 55.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,257 shares of the industrial products company’s stock after selling 25,011 shares during the quarter. Ardevora Asset Management LLP’s holdings in Roper Technologies were worth $11,044,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. OLD National Bancorp IN acquired a new position in shares of Roper Technologies during the fourth quarter valued at about $245,000. Cetera Trust Company N.A acquired a new position in shares of Roper Technologies during the fourth quarter valued at about $799,000. Handelsbanken Fonder AB grew its holdings in shares of Roper Technologies by 29.7% during the fourth quarter. Handelsbanken Fonder AB now owns 33,596 shares of the industrial products company’s stock valued at $18,316,000 after buying an additional 7,689 shares during the last quarter. CWM LLC grew its holdings in shares of Roper Technologies by 16.1% during the fourth quarter. CWM LLC now owns 2,870 shares of the industrial products company’s stock valued at $1,565,000 after buying an additional 399 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Roper Technologies by 4.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,790 shares of the industrial products company’s stock valued at $6,428,000 after buying an additional 548 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Christopher Wright sold 200 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $549.71, for a total value of $109,942.00. Following the sale, the director now owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.94% of the company’s stock.

Roper Technologies Stock Performance

ROP stock traded up $7.11 during mid-day trading on Friday, hitting $534.38. The company had a trading volume of 776,882 shares, compared to its average volume of 456,337. The firm has a market cap of $57.19 billion, a PE ratio of 41.46, a price-to-earnings-growth ratio of 2.82 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 12 month low of $430.03 and a 12 month high of $565.00. The stock’s fifty day moving average price is $545.64 and its two-hundred day moving average price is $532.11.

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. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the firm posted $3.92 earnings per share. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. On average, analysts forecast 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. Stockholders of record on Friday, April 5th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is currently 23.27%.

Analyst Upgrades and Downgrades

ROP has been the topic of a number of recent analyst reports. Oppenheimer raised their price target on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. Mizuho raised their price target on shares of Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a research report on Thursday, February 1st. Barclays raised 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. TD Cowen lowered shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target on the stock. in a research report on Thursday, January 4th. Finally, Raymond James raised their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research report on Friday, February 2nd. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.