Boyd Watterson Asset Management LLC OH Sells 27 Shares of Roper Technologies, Inc. (NYSE:ROP)

Boyd Watterson Asset Management LLC OH lessened its stake in Roper Technologies, Inc. (NYSE:ROP) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,051 shares of the industrial products company’s stock after selling 27 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Roper Technologies were worth $573,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of Roper Technologies by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 9,782,155 shares of the industrial products company’s stock worth $4,737,302,000 after purchasing an additional 100,621 shares during the period. Principal Financial Group Inc. grew its stake in Roper Technologies by 1.7% in the 3rd 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 buying an additional 42,962 shares in the last quarter. Northern Trust Corp grew its stake in Roper Technologies by 5.0% in the 3rd quarter. Northern Trust Corp now owns 1,137,241 shares of the industrial products company’s stock valued at $550,743,000 after buying an additional 54,396 shares in the last quarter. Invesco Ltd. grew its stake in Roper Technologies by 1.0% in the 3rd quarter. Invesco Ltd. now owns 1,033,556 shares of the industrial products company’s stock valued at $500,531,000 after buying an additional 9,846 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in Roper Technologies by 45.6% in the 4th quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock valued at $488,968,000 after buying an additional 280,873 shares in the last quarter. Institutional investors own 93.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ROP shares. Mizuho boosted 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. Raymond James upped their target price on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. Wells Fargo & Company upped their target price on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research report on Monday, January 22nd. Royal Bank of Canada upped their target price on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Finally, Barclays upped their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $574.58.

Roper Technologies Trading Down 2.5 %

Shares of NYSE:ROP traded down $13.63 during midday trading on Friday, hitting $526.78. 856,081 shares of the stock traded hands, compared to its average volume of 498,846. The stock has a market capitalization of $56.38 billion, a PE ratio of 32.34, a P/E/G ratio of 2.85 and a beta of 0.99. The business’s 50 day moving average is $545.05 and its two-hundred day moving average is $533.36. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33. Roper Technologies, Inc. has a one year low of $435.49 and a one year high of $565.00.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, beating the consensus estimate of $4.34 by $0.07. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same period in the prior year, the firm posted $3.90 earnings per share. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. As a group, research analysts forecast that Roper Technologies, Inc. will post 18.08 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.27%.

Insiders Place Their Bets

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction dated 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 in the company, valued at $19,540,541.37. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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.