Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Lazard Asset Management LLC

Lazard Asset Management LLC raised its stake in Roper Technologies, Inc. (NYSE:ROP) by 48.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148 shares of the industrial products company’s stock after acquiring an additional 48 shares during the period. Lazard Asset Management LLC’s holdings in Roper Technologies were worth $76,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in ROP. VSM Wealth Advisory LLC purchased a new position in Roper Technologies during the 4th quarter worth approximately $26,000. CoreFirst Bank & Trust purchased a new position in shares of Roper Technologies during the fourth quarter worth approximately $36,000. OFI Invest Asset Management purchased a new stake in Roper Technologies in the 4th quarter valued at $38,000. Parvin Asset Management LLC acquired a new stake in Roper Technologies during the 4th quarter worth $39,000. Finally, E Fund Management Hong Kong Co. Ltd. grew its position in Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Stock Down 0.4%

Shares of NYSE ROP opened at $567.03 on Monday. The stock has a market capitalization of $60.96 billion, a price-to-earnings ratio of 39.54, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The firm has a 50-day moving average price of $565.57 and a 200 day moving average price of $557.26. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.41 earnings per share. Equities research analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.81%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. William Blair assumed coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an “outperform” rating for the company. Raymond James reaffirmed a “strong-buy” rating and set a $655.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Stifel Nicolaus lowered their target price on Roper Technologies from $685.00 to $650.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. JPMorgan Chase & Co. upped their price target on Roper Technologies from $470.00 to $561.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Finally, Robert W. Baird lifted their price objective on shares of Roper Technologies from $660.00 to $668.00 and gave the company an “outperform” rating in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $632.36.

Insider Buying and Selling

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the transaction, the chief financial officer now owns 31,522 shares of the company’s stock, valued at approximately $18,540,925.18. This trade represents a 8.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.87% of the company’s stock.

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.