Motley Fool Asset Management LLC Boosts Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Motley Fool Asset Management LLC boosted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 7.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,941 shares of the industrial products company’s stock after buying an additional 200 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Roper Technologies were worth $1,603,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. AE Wealth Management LLC boosted its stake in shares of Roper Technologies by 93.5% during the third quarter. AE Wealth Management LLC now owns 1,641 shares of the industrial products company’s stock worth $795,000 after buying an additional 793 shares during the period. DAVENPORT & Co LLC boosted its stake in shares of Roper Technologies by 12.0% during the third quarter. DAVENPORT & Co LLC now owns 637 shares of the industrial products company’s stock worth $309,000 after buying an additional 68 shares during the period. Caprock Group LLC lifted its position in Roper Technologies by 15.1% in the third quarter. Caprock Group LLC now owns 1,406 shares of the industrial products company’s stock valued at $681,000 after purchasing an additional 184 shares during the period. UMB Bank n.a. lifted its position in Roper Technologies by 0.6% in the third quarter. UMB Bank n.a. now owns 3,437 shares of the industrial products company’s stock valued at $1,664,000 after purchasing an additional 21 shares during the period. Finally, Czech National Bank lifted its position in Roper Technologies by 47.8% in the third quarter. Czech National Bank now owns 18,650 shares of the industrial products company’s stock valued at $9,032,000 after purchasing an additional 6,032 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Royal Bank of Canada raised their price objective on shares of Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a research report on Thursday, February 1st. Barclays increased their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Raymond James increased their target price 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. Finally, Oppenheimer increased their target price on shares of Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Roper Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $574.58.

Roper Technologies Stock Down 2.5 %

Roper Technologies stock traded down $13.63 during trading on Friday, reaching $526.78. 856,077 shares of the company’s stock were exchanged, compared to its average volume of 505,450. The company’s 50-day moving average is $545.05 and its two-hundred day moving average is $533.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50. Roper Technologies, Inc. has a 52-week low of $435.49 and a 52-week high of $565.00. The firm has a market cap of $56.38 billion, a price-to-earnings ratio of 40.87, a PEG ratio of 2.83 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the prior year, the company posted $3.90 EPS. On average, analysts predict that Roper Technologies, Inc. will post 18.08 earnings per share for the current year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were given a $0.75 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a yield of 0.57%. Roper Technologies’s payout ratio is currently 23.27%.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $549.71, for a total value of $109,942.00. Following the completion of the transaction, the director now directly owns 35,547 shares of the company’s stock, valued at approximately $19,540,541.37. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.94% of the stock is currently owned by corporate insiders.

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.