US Bancorp DE trimmed its holding in Roper Technologies during the fourth quarter, according to a MarketBeat report based on the bank's latest filing with the US Securities and Exchange Commission. The stake fell 10% after the sale of 5,278 shares, leaving 47,373 shares valued at about $21.09 million.

The move came amid continued reshuffling by other institutional investors. MarketBeat separately reported that Merit Financial Group LLC, Cwm LLC and several smaller investors adjusted their positions in the software and industrial technology company during the same period, while institutional ownership remained high at 93.31%.

Insider activity has pointed in the opposite direction. In February, director Thomas Patrick Joyce, Jr. bought 1,400 shares at an average price of $358.46, a purchase worth just over $501,000, according to the SEC filing cited by MarketBeat.

Roper's shares were recently trading at $358.22, well below the 52-week high of $584.03 and slightly above the year's low of $313.07. The company has a market value of about $36.67 billion and trades at roughly 22 times trailing earnings, with a dividend yield near 1%.

The group reported stronger-than-expected first-quarter results on 23 April, with earnings per share of $5.16, ahead of analysts' forecasts, and revenue rising 11.3% from a year earlier to $2.10 billion. Roper also lifted its outlook, guiding for second-quarter EPS of $5.25 to $5.30 and full-year EPS of $21.80 to $22.05, while Wall Street expects about $21.94 for the year. Analyst opinions remain mixed, with MarketBeat citing an average rating of "Hold" and an average target price of $472.07.

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Source: Noah Wire Services