International Assets Investment Management LLC Increases Stake in Roper Technologies, Inc. (NYSE:ROP)

International Assets Investment Management LLC grew its position in Roper Technologies, Inc. (NYSE:ROP) by 63,186.9% during the 4th quarter, Holdings Channel reports. The fund owned 53,161 shares of the industrial products company’s stock after buying an additional 53,077 shares during the quarter. International Assets Investment Management LLC’s holdings in Roper Technologies were worth $28,982,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ROP. Jacobi Capital Management LLC boosted its holdings in Roper Technologies by 0.5% in the 3rd quarter. Jacobi Capital Management LLC now owns 4,193 shares of the industrial products company’s stock valued at $2,030,000 after purchasing an additional 21 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in shares of Roper Technologies by 0.7% in the third quarter. Chicago Partners Investment Group LLC now owns 3,310 shares of the industrial products company’s stock valued at $1,582,000 after buying an additional 22 shares in the last quarter. My Legacy Advisors LLC grew its holdings in Roper Technologies by 1.0% during the fourth quarter. My Legacy Advisors LLC now owns 2,129 shares of the industrial products company’s stock worth $1,133,000 after acquiring an additional 22 shares during the period. Pinnacle Financial Partners Inc lifted its holdings in Roper Technologies by 1.9% in the fourth quarter. Pinnacle Financial Partners Inc now owns 1,158 shares of the industrial products company’s stock valued at $631,000 after acquiring an additional 22 shares during the period. Finally, Chesley Taft & Associates LLC boosted its position in shares of Roper Technologies by 0.3% during the 4th quarter. Chesley Taft & Associates LLC now owns 7,210 shares of the industrial products company’s stock worth $3,931,000 after purchasing an additional 25 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada cut their price target on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Oppenheimer reaffirmed an “outperform” rating and issued a $650.00 target price on shares of Roper Technologies in a report on Monday, April 29th. Barclays boosted their price target on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Mizuho raised their price objective on Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Finally, Raymond James upped their target price on Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. Three research 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $584.82.

Insider Buying and Selling at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the sale, the director now owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.94% of the stock is currently owned by insiders.

Roper Technologies Stock Up 1.3 %

Shares of NYSE:ROP opened at $517.21 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $55.36 billion, a P/E ratio of 37.53, a P/E/G ratio of 2.70 and a beta of 1.00. Roper Technologies, Inc. has a 52-week low of $441.06 and a 52-week high of $565.00. The stock’s fifty day simple moving average is $542.19 and its 200-day simple moving average is $533.72.

Roper Technologies (NYSE:ROP) last released its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.90 EPS. As a group, equities research analysts forecast that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were paid a $0.75 dividend. The ex-dividend date was Thursday, April 4th. This represents a $3.00 annualized dividend and a yield of 0.58%. Roper Technologies’s payout ratio is currently 21.77%.

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.