Mount Yale Investment Advisors LLC Trims Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Mount Yale Investment Advisors LLC trimmed its holdings in Roper Technologies, Inc. (NYSE:ROP) by 32.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 500 shares of the industrial products company’s stock after selling 244 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Roper Technologies were worth $278,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. purchased a new stake in shares of Roper Technologies in the first quarter worth about $25,000. Fairscale Capital LLC acquired a new position in Roper Technologies in the second quarter valued at approximately $28,000. Versant Capital Management Inc boosted its position in Roper Technologies by 58.8% in the 2nd quarter. Versant Capital Management Inc now owns 54 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 20 shares in the last quarter. Valley Wealth Managers Inc. acquired a new stake in shares of Roper Technologies during the 2nd quarter worth approximately $31,000. Finally, Covestor Ltd increased its holdings in shares of Roper Technologies by 50.0% during the 1st quarter. Covestor Ltd now owns 60 shares of the industrial products company’s stock valued at $34,000 after purchasing an additional 20 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $542.00 on Monday. The firm has a 50-day simple moving average of $551.26 and a 200-day simple moving average of $545.51. The company has a quick ratio of 0.48, a current ratio of 0.53 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $58.02 billion, a price-to-earnings ratio of 39.33, a price-to-earnings-growth ratio of 2.89 and a beta of 1.02. Roper Technologies, Inc. has a 52 week low of $474.46 and a 52 week high of $579.10.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 EPS for the quarter, beating analysts’ consensus estimates of $4.53 by $0.09. The company had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.72 billion. Roper Technologies had a net margin of 22.14% and a return on equity of 10.77%. Roper Technologies’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.32 EPS. On average, equities analysts predict that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Tuesday, October 8th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.55%. The ex-dividend date was Tuesday, October 8th. Roper Technologies’s payout ratio is currently 21.77%.

Analyst Upgrades and Downgrades

Several analysts recently commented on ROP shares. Royal Bank of Canada dropped their price target on shares of Roper Technologies from $675.00 to $666.00 and set an “outperform” rating on the stock in a research report on Thursday. Baird R W upgraded Roper Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 25th. Barclays upped their price target on Roper Technologies from $611.00 to $625.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Robert W. Baird raised their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Oppenheimer decreased their target price on Roper Technologies from $650.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, July 25th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $620.80.

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.