J.W. Cole Advisors Inc. Makes New Investment in Roper Technologies, Inc. (NYSE:ROP)

J.W. Cole Advisors Inc. purchased a new position in shares of Roper Technologies, Inc. (NYSE:ROP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 398 shares of the industrial products company’s stock, valued at approximately $217,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. OFI Invest Asset Management acquired a new position in shares of Roper Technologies during the third quarter worth about $25,000. Altshuler Shaham Ltd acquired a new position in shares of Roper Technologies during the third quarter worth about $27,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Roper Technologies during the fourth quarter worth about $31,000. Independence Bank of Kentucky acquired a new position in shares of Roper Technologies during the fourth quarter worth about $31,000. Finally, Lee Financial Co acquired a new position in shares of Roper Technologies during the third quarter worth about $34,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director now owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.94% of the company’s stock.

Roper Technologies Price Performance

Shares of NYSE ROP opened at $540.41 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.46 and a debt-to-equity ratio of 0.33. Roper Technologies, Inc. has a twelve month low of $430.03 and a twelve month high of $565.00. The stock has a 50 day moving average of $545.43 and a two-hundred day moving average of $533.17. The stock has a market cap of $57.83 billion, a P/E ratio of 32.20, a P/E/G ratio of 2.83 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data 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. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the business earned $3.92 earnings per share. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, research analysts forecast that Roper Technologies, Inc. will post 18.08 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.27%.

Analysts Set New Price Targets

ROP has been the subject of a number of analyst reports. TD Cowen downgraded Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective for the company. in a research report on Thursday, January 4th. Mizuho upped their price target on Roper Technologies from $500.00 to $525.00 and gave the company a “neutral” rating in a report on Thursday, February 1st. Royal Bank of Canada upped their price target on Roper Technologies from $620.00 to $622.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. Oppenheimer upped their price target on Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a report on Friday, March 22nd. Finally, Wells Fargo & Company upped their price target on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a report on Monday, January 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 MarketBeat, Roper Technologies presently has an average rating of “Moderate Buy” and an average price target of $574.58.

Roper Technologies Company 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.