Roper Technologies, Inc. (NYSE:ROP) Position Increased by Signaturefd LLC

Signaturefd LLC grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 6.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,978 shares of the industrial products company’s stock after buying an additional 122 shares during the quarter. Signaturefd LLC’s holdings in Roper Technologies were worth $1,078,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Mackenzie Financial Corp boosted its position in shares of Roper Technologies by 45.6% in the 4th quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock valued at $488,968,000 after purchasing an additional 280,873 shares during the period. iA Global Asset Management Inc. acquired a new stake in shares of Roper Technologies during the third quarter valued at approximately $82,379,000. Envestnet Asset Management Inc. lifted its position in shares of Roper Technologies by 81.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 318,210 shares of the industrial products company’s stock valued at $154,103,000 after acquiring an additional 143,122 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in Roper Technologies by 512.6% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 144,407 shares of the industrial products company’s stock worth $69,933,000 after purchasing an additional 120,836 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Roper Technologies by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 9,782,155 shares of the industrial products company’s stock valued at $4,737,302,000 after purchasing an additional 100,621 shares during the period. 93.31% of the stock is owned by institutional investors.

Insider Activity

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

Roper Technologies Price Performance

Shares of NYSE:ROP opened at $539.11 on Tuesday. The stock has a market capitalization of $57.70 billion, a P/E ratio of 41.82, a P/E/G ratio of 2.82 and a beta of 0.99. The business has a 50-day moving average of $545.57 and a two-hundred day moving average of $532.77. Roper Technologies, Inc. has a fifty-two week low of $430.03 and a fifty-two week high of $565.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46.

Roper Technologies (NYSE:ROP) last announced its earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.03. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the business earned $3.92 earnings per share. The company’s revenue was up 12.7% on a year-over-year basis. On average, equities research analysts predict that Roper Technologies, Inc. will post 18.07 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s dividend payout ratio is 23.27%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on ROP shares. Raymond James lifted their price target on Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. Mizuho upped their target price on Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Wells Fargo & Company raised their price target on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a report on Monday, January 22nd. TD Cowen lowered shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective on the stock. in a research note on Thursday, January 4th. Finally, Barclays lifted their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $574.58.

Roper Technologies Profile

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.