Simmons Bank Decreases Holdings in Roper Technologies, Inc. (NYSE:ROP)

Simmons Bank trimmed its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,256 shares of the industrial products company’s stock after selling 218 shares during the quarter. Simmons Bank’s holdings in Roper Technologies were worth $2,320,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ROP. Beaumont Financial Advisors LLC increased its stake in Roper Technologies by 2.5% in the 4th quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company’s stock valued at $454,000 after buying an additional 20 shares during the period. Jacobi Capital Management LLC boosted its position in shares of Roper Technologies by 0.5% during the 3rd quarter. Jacobi Capital Management LLC now owns 4,193 shares of the industrial products company’s stock worth $2,030,000 after purchasing an additional 21 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of Roper Technologies by 0.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,310 shares of the industrial products company’s stock worth $1,582,000 after purchasing an additional 22 shares in the last quarter. My Legacy Advisors LLC boosted its position in shares of Roper Technologies by 1.0% during the 4th quarter. My Legacy Advisors LLC now owns 2,129 shares of the industrial products company’s stock worth $1,133,000 after purchasing an additional 22 shares in the last quarter. Finally, Pinnacle Financial Partners Inc boosted its position in shares of Roper Technologies by 1.9% during the 4th quarter. Pinnacle Financial Partners Inc now owns 1,158 shares of the industrial products company’s stock worth $631,000 after purchasing an additional 22 shares in the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ROP shares. Barclays boosted 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. Royal Bank of Canada decreased their price objective on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research report on Monday, April 29th. Mizuho raised their price objective on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Raymond James increased their target price on Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. Finally, Wells Fargo & Company lifted their price target on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Three 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’s stock. According to MarketBeat, Roper Technologies has an average rating of “Moderate Buy” and a consensus price target of $584.82.

Insiders Place Their Bets

In other news, Director Christopher Wright sold 200 shares of the firm’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 transaction of $109,942.00. Following the completion of 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 0.94% of the stock is owned by company insiders.

Roper Technologies Trading Up 0.9 %

ROP stock traded up $4.72 during midday trading on Tuesday, reaching $520.26. 291,246 shares of the company’s stock traded hands, compared to its average volume of 522,880. Roper Technologies, Inc. has a fifty-two week low of $441.06 and a fifty-two week high of $565.00. The business has a 50-day moving average price of $540.21 and a two-hundred day moving average price of $534.82. The company has a market capitalization of $55.69 billion, a P/E ratio of 37.75, a PEG ratio of 2.71 and a beta of 1.00. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.49 and a quick ratio of 0.45.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the company earned $3.90 EPS. Equities research analysts forecast that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were paid a dividend of $0.75 per share. The ex-dividend date was Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a yield of 0.58%. Roper Technologies’s dividend payout ratio (DPR) is presently 21.77%.

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.