Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Mutual Advisors LLC

Mutual Advisors LLC raised its position in Roper Technologies, Inc. (NYSE:ROPFree Report) by 6.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 550 shares of the industrial products company’s stock after acquiring an additional 31 shares during the quarter. Mutual Advisors LLC’s holdings in Roper Technologies were worth $300,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. OFI Invest Asset Management acquired a new stake in shares of Roper Technologies in the third quarter valued at approximately $25,000. Altshuler Shaham Ltd bought a new position in shares of Roper Technologies in the third quarter valued at approximately $27,000. Lee Financial Co bought a new position in shares of Roper Technologies in the third quarter valued at approximately $34,000. Compass Wealth Management LLC bought a new position in shares of Roper Technologies in the fourth quarter valued at approximately $30,000. Finally, Fortis Capital Advisors LLC bought a new position in shares of Roper Technologies in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Activity

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the transaction, the director now owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.94% of the stock is owned by insiders.

Roper Technologies Stock Up 0.3 %

ROP stock opened at $560.84 on Friday. The company has a market cap of $60.02 billion, a price-to-earnings ratio of 43.51, a PEG ratio of 2.95 and a beta of 0.99. The company has a 50 day moving average of $548.81 and a two-hundred day moving average of $526.68. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33. Roper Technologies, Inc. has a 12-month low of $430.03 and a 12-month high of $563.15.

Roper Technologies (NYSE:ROPGet Free Report) last released its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, beating 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 net margin of 22.41% and a return on equity of 10.63%. Roper Technologies’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.92 EPS. On average, equities analysts anticipate that Roper Technologies, Inc. will post 18.07 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, April 5th will be issued a dividend of $0.75 per share. The ex-dividend date is Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.53%. Roper Technologies’s dividend payout ratio is currently 23.27%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Mizuho increased their price objective on shares of Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Raymond James increased their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. TD Cowen cut shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective for the company. in a report on Thursday, January 4th. Royal Bank of Canada raised their target price on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a report on Thursday, February 1st. Finally, Barclays raised their target price on shares of Roper Technologies from $580.00 to $596.00 and gave the stock an “overweight” rating in a report on Monday, February 5th. Four investment 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’s stock. According to data from MarketBeat, Roper Technologies has a consensus rating of “Moderate Buy” and an average target price of $574.25.

View Our Latest Research Report on Roper Technologies

Roper Technologies Company 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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