First Horizon Advisors Inc. Has $1.82 Million Stake in Roper Technologies, Inc. (NYSE:ROP)

First Horizon Advisors Inc. lessened its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 24.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,333 shares of the industrial products company’s stock after selling 1,053 shares during the period. First Horizon Advisors Inc.’s holdings in Roper Technologies were worth $1,817,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in 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 valued at $4,737,302,000 after buying an additional 100,621 shares during the period. Principal Financial Group Inc. raised its position in Roper Technologies by 1.7% during the third 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 purchasing an additional 42,962 shares in the last quarter. Northern Trust Corp lifted its stake in Roper Technologies by 5.0% during the third quarter. Northern Trust Corp now owns 1,137,241 shares of the industrial products company’s stock worth $550,743,000 after purchasing an additional 54,396 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of 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 purchasing an additional 9,846 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of Roper Technologies by 45.6% during the 4th quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock worth $488,968,000 after buying an additional 280,873 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Stock Performance

ROP stock opened at $517.21 on Friday. The stock has a 50-day moving average price of $542.19 and a 200-day moving average price of $533.72. The firm has a market cap of $55.36 billion, a PE ratio of 29.66, a price-to-earnings-growth ratio of 2.68 and a beta of 1.00. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a 1-year low of $441.06 and a 1-year high of $565.00.

Roper Technologies (NYSE:ROP) last announced its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the previous year, the firm posted $3.90 EPS. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, equities research analysts expect that Roper Technologies, Inc. will post 18.16 earnings per share for the current year.

Roper Technologies Dividend Announcement

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

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the business’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the sale, the director now directly 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 is available at this hyperlink. Insiders own 0.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ROP shares. 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 note on Tuesday, April 2nd. Wells Fargo & Company raised their price objective on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a report on Monday, January 22nd. Royal Bank of Canada cut their price target on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research note on Monday, April 29th. Oppenheimer reissued an “outperform” rating and set a $650.00 target price on shares of Roper Technologies in a report on Monday, April 29th. Finally, Raymond James lifted their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a report on Friday, February 2nd. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $584.82.

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.