LPL Financial LLC Has $12.42 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

LPL Financial LLC grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 5.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,188 shares of the industrial products company’s stock after purchasing an additional 1,545 shares during the period. LPL Financial LLC’s holdings in Roper Technologies were worth $12,422,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC boosted its holdings in Roper Technologies by 68,873.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,724,328 shares of the industrial products company’s stock worth $745,065,000 after acquiring an additional 1,721,828 shares in the last quarter. Norges Bank bought a new position in shares of Roper Technologies in the 4th quarter worth $497,958,000. CIBC Private Wealth Group LLC grew its position in Roper Technologies by 105.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 2,091,748 shares of the industrial products company’s stock valued at $899,912,000 after purchasing an additional 1,072,030 shares during the period. CI Private Wealth LLC bought a new stake in Roper Technologies during the 4th quarter valued at $245,541,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Roper Technologies by 6.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,440,733 shares of the industrial products company’s stock worth $3,647,156,000 after buying an additional 493,848 shares during the last quarter. Institutional investors own 91.48% of the company’s stock.

Roper Technologies Stock Performance

Shares of ROP opened at $494.79 on Friday. Roper Technologies, Inc. has a 1 year low of $356.21 and a 1 year high of $502.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.94 and a quick ratio of 0.90. The stock’s fifty day moving average price is $482.47 and its two-hundred day moving average price is $455.50. The firm has a market cap of $52.80 billion, a PE ratio of 18.21, a PEG ratio of 2.83 and a beta of 1.02.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, July 21st. The industrial products company reported $4.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.99 by $0.13. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Roper Technologies had a return on equity of 10.61% and a net margin of 50.21%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.95 EPS. On average, equities research analysts forecast that Roper Technologies, Inc. will post 16.45 EPS for the current year.

Roper Technologies Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 24th. Investors of record on Monday, July 10th were paid a $0.6825 dividend. The ex-dividend date was Friday, July 7th. This represents a $2.73 dividend on an annualized basis and a yield of 0.55%. Roper Technologies’s dividend payout ratio is 10.05%.

Insider Buying and Selling at Roper Technologies

In other news, Director Robert D. Johnson sold 250 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $450.15, for a total value of $112,537.50. Following the completion of the transaction, the director now directly owns 5,903 shares of the company’s stock, valued at $2,657,235.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Robert D. Johnson sold 250 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $450.15, for a total transaction of $112,537.50. Following the sale, the director now owns 5,903 shares of the company’s stock, valued at approximately $2,657,235.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jason Conley sold 2,143 shares of Roper Technologies stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $498.00, for a total value of $1,067,214.00. Following the transaction, the chief financial officer now directly owns 38,358 shares of the company’s stock, valued at approximately $19,102,284. The disclosure for this sale can be found here. Insiders have sold 3,593 shares of company stock valued at $1,762,580 in the last 90 days. 0.94% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on ROP shares. Wells Fargo & Company boosted their target price on shares of Roper Technologies from $550.00 to $555.00 and gave the stock an “overweight” rating in a research report on Monday, July 24th. Oppenheimer increased their price objective on Roper Technologies from $535.00 to $560.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. StockNews.com assumed coverage on Roper Technologies in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Sanford C. Bernstein upgraded Roper Technologies from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $490.00 to $525.00 in a research note on Tuesday, May 2nd. Finally, Royal Bank of Canada lifted their price objective on shares of Roper Technologies from $532.00 to $569.00 and gave the stock an “outperform” rating in a report on Monday, July 24th. Six research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $525.80.

Roper Technologies Profile

Roper Technologies, Inc designs and develops software, and technology enabled 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.