Mutual of America Capital Management LLC Has $7.79 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

Mutual of America Capital Management LLC lessened its holdings in shares of Roper Technologies, Inc. (NYSE:ROPFree Report) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,293 shares of the industrial products company’s stock after selling 640 shares during the period. Mutual of America Capital Management LLC’s holdings in Roper Technologies were worth $7,792,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Schwartz Investment Counsel Inc. boosted its position in shares of Roper Technologies by 3.2% during the 4th quarter. Schwartz Investment Counsel Inc. now owns 112,700 shares of the industrial products company’s stock worth $61,441,000 after acquiring an additional 3,500 shares in the last quarter. Toth Financial Advisory Corp boosted its position in shares of Roper Technologies by 1.8% during the 3rd quarter. Toth Financial Advisory Corp now owns 3,066 shares of the industrial products company’s stock worth $1,485,000 after acquiring an additional 54 shares in the last quarter. Bright Rock Capital Management LLC lifted its stake in Roper Technologies by 41.2% in the 4th quarter. Bright Rock Capital Management LLC now owns 12,000 shares of the industrial products company’s stock valued at $6,542,000 after purchasing an additional 3,500 shares during the last quarter. DNB Asset Management AS lifted its stake in Roper Technologies by 86.9% in the 4th quarter. DNB Asset Management AS now owns 32,941 shares of the industrial products company’s stock valued at $17,958,000 after purchasing an additional 15,312 shares during the last quarter. Finally, Stratos Wealth Partners LTD. bought a new position in Roper Technologies in the 3rd quarter valued at approximately $220,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Trading Up 0.7 %

ROP opened at $539.64 on Friday. Roper Technologies, Inc. has a 1-year low of $430.03 and a 1-year high of $565.00. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. The company has a market cap of $57.75 billion, a P/E ratio of 41.87, a price-to-earnings-growth ratio of 2.82 and a beta of 0.99. The company has a fifty day moving average price of $547.75 and a two-hundred day moving average price of $529.94.

Roper Technologies (NYSE:ROPGet Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, topping analysts’ consensus estimates of $4.34 by $0.03. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.58 billion. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.92 EPS. Analysts predict that Roper Technologies, Inc. will post 18.07 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

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

Analysts Set New Price Targets

ROP has been the subject of several research reports. 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. 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 note on Thursday, February 1st. Wells Fargo & Company raised their price target on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. 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. Finally, Royal Bank of Canada raised their price target on shares of Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Four 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. Based on data from MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $574.58.

View Our Latest Research Report on Roper Technologies

Insiders Place Their Bets

In other news, Director Christopher Wright sold 200 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.94% of the company’s stock.

Roper Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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