Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Advisory Alpha LLC

Advisory Alpha LLC boosted its holdings in Roper Technologies, Inc. (NYSE:ROP) by 17.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 457 shares of the industrial products company’s stock after purchasing an additional 67 shares during the quarter. Advisory Alpha LLC’s holdings in Roper Technologies were worth $238,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ROP. 3Chopt Investment Partners LLC acquired a new position in Roper Technologies in the second quarter valued at approximately $220,000. AE Wealth Management LLC boosted its holdings in Roper Technologies by 64.8% in the second quarter. AE Wealth Management LLC now owns 816 shares of the industrial products company’s stock valued at $460,000 after purchasing an additional 321 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Roper Technologies by 11.5% in the second quarter. Thrivent Financial for Lutherans now owns 7,341 shares of the industrial products company’s stock valued at $4,138,000 after purchasing an additional 756 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Roper Technologies by 60.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 20,499 shares of the industrial products company’s stock valued at $11,555,000 after purchasing an additional 7,705 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Roper Technologies by 12.0% in the second quarter. AQR Capital Management LLC now owns 243,435 shares of the industrial products company’s stock valued at $137,215,000 after purchasing an additional 26,075 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ROP shares. Robert W. Baird increased their price objective on Roper Technologies from $635.00 to $652.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Royal Bank of Canada decreased their price objective on Roper Technologies from $675.00 to $666.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Oppenheimer started coverage on Roper Technologies in a report on Monday, December 23rd. They issued an “outperform” rating and a $630.00 price objective for the company. Barclays decreased their price objective on Roper Technologies from $569.00 to $562.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Finally, Mizuho increased their price objective on Roper Technologies from $530.00 to $565.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and a consensus price target of $624.38.

Roper Technologies Price Performance

Roper Technologies stock opened at $533.24 on Friday. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $580.09. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.48 and a quick ratio of 0.44. The business has a 50 day simple moving average of $536.51 and a 200-day simple moving average of $545.22. The stock has a market capitalization of $57.18 billion, a PE ratio of 39.01, a price-to-earnings-growth ratio of 2.53 and a beta of 1.04.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $4.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.53 by $0.09. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Roper Technologies had a return on equity of 10.73% and a net margin of 21.78%. Roper Technologies’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.32 earnings per share. Equities analysts predict that Roper Technologies, Inc. will post 18.29 earnings per share for the current year.

Roper Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were given a $0.825 dividend. This is a boost from Roper Technologies’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $3.30 annualized dividend and a yield of 0.62%. Roper Technologies’s dividend payout ratio is presently 24.14%.

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.