Lazard Asset Management LLC Purchases 1,122 Shares of Roper Technologies, Inc. (NYSE:ROP)

Lazard Asset Management LLC raised its position in Roper Technologies, Inc. (NYSE:ROPGet Rating) by 22,440.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,127 shares of the industrial products company’s stock after purchasing an additional 1,122 shares during the period. Lazard Asset Management LLC’s holdings in Roper Technologies were worth $444,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ROP. Mutual of America Capital Management LLC lifted its holdings in shares of Roper Technologies by 1.1% during the 1st quarter. Mutual of America Capital Management LLC now owns 14,101 shares of the industrial products company’s stock worth $6,659,000 after acquiring an additional 152 shares during the last quarter. National Asset Management Inc. lifted its holdings in shares of Roper Technologies by 29.6% during the 1st quarter. National Asset Management Inc. now owns 3,108 shares of the industrial products company’s stock worth $1,468,000 after acquiring an additional 710 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Roper Technologies by 1.6% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 60,232 shares of the industrial products company’s stock worth $28,443,000 after acquiring an additional 942 shares during the last quarter. Metis Global Partners LLC lifted its holdings in shares of Roper Technologies by 81.3% during the 1st quarter. Metis Global Partners LLC now owns 1,668 shares of the industrial products company’s stock worth $788,000 after acquiring an additional 748 shares during the last quarter. Finally, WealthPLAN Partners LLC lifted its stake in Roper Technologies by 5.9% in the first quarter. WealthPLAN Partners LLC now owns 7,891 shares of the industrial products company’s stock worth $3,708,000 after purchasing an additional 440 shares during the last quarter. 92.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ROP has been the subject of several recent research reports. Cowen lowered their price target on shares of Roper Technologies from $545.00 to $500.00 and set an “outperform” rating for the company in a research note on Tuesday, July 26th. Robert W. Baird lowered their price target on shares of Roper Technologies from $480.00 to $460.00 in a research note on Tuesday, July 26th. Wells Fargo & Company boosted their price objective on shares of Roper Technologies from $500.00 to $540.00 and gave the company an “overweight” rating in a research report on Thursday, October 27th. Sanford C. Bernstein initiated coverage on shares of Roper Technologies in a research report on Tuesday, August 16th. They issued a “market perform” rating and a $490.00 price objective on the stock. Finally, Barclays boosted their price objective on shares of Roper Technologies from $500.00 to $510.00 and gave the company an “overweight” rating in a research report on Thursday, October 27th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $494.33.

Insider Buying and Selling

In other news, Director Richard F. Wallman bought 1,000 shares of the company’s stock in a transaction dated Friday, November 4th. The shares were purchased at an average price of $390.00 per share, for a total transaction of $390,000.00. Following the completion of the purchase, the director now owns 46,409 shares in the company, valued at approximately $18,099,510. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.88% of the stock is currently owned by insiders.

Roper Technologies Trading Up 0.8 %

NYSE:ROP opened at $433.01 on Friday. Roper Technologies, Inc. has a one year low of $356.21 and a one year high of $501.54. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.41 and a quick ratio of 1.37. The company’s 50-day simple moving average is $390.50 and its 200 day simple moving average is $406.37. The firm has a market capitalization of $45.92 billion, a P/E ratio of 15.91, a PEG ratio of 2.90 and a beta of 1.08.

Roper Technologies (NYSE:ROPGet Rating) last posted its quarterly earnings data on Wednesday, October 26th. The industrial products company reported $3.67 EPS for the quarter, topping the consensus estimate of $3.45 by $0.22. Roper Technologies had a net margin of 50.95% and a return on equity of 12.25%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the firm posted $3.91 earnings per share. Roper Technologies’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, analysts forecast that Roper Technologies, Inc. will post 14.11 EPS for the current fiscal year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 23rd. Investors of record on Monday, January 9th will be paid a dividend of $0.6825 per share. The ex-dividend date is Friday, January 6th. This represents a $2.73 annualized dividend and a yield of 0.63%. This is a positive change from Roper Technologies’s previous quarterly dividend of $0.62. Roper Technologies’s payout ratio is presently 9.11%.

Roper Technologies Company Profile

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Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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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