Rafferty Asset Management LLC Grows Position in Roper Technologies, Inc. (NYSE:ROP)

Rafferty Asset Management LLC grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 60,967 shares of the industrial products company’s stock after buying an additional 3,426 shares during the period. Rafferty Asset Management LLC’s holdings in Roper Technologies were worth $31,694,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Roper Technologies in the fourth quarter valued at $914,052,000. T. Rowe Price Investment Management Inc. grew its position in shares of Roper Technologies by 42.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company’s stock valued at $2,678,009,000 after purchasing an additional 1,529,716 shares during the period. JPMorgan Chase & Co. grew its position in shares of Roper Technologies by 54.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,022,665 shares of the industrial products company’s stock valued at $531,633,000 after purchasing an additional 360,632 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Roper Technologies in the fourth quarter valued at $148,070,000. Finally, Proficio Capital Partners LLC grew its position in shares of Roper Technologies by 59,278.6% in the fourth quarter. Proficio Capital Partners LLC now owns 280,267 shares of the industrial products company’s stock valued at $145,697,000 after purchasing an additional 279,795 shares during the period. Hedge funds and other institutional investors own 93.31% of the company’s stock.

Roper Technologies Trading Up 1.5%

Shares of ROP opened at $574.40 on Friday. The stock’s 50-day moving average is $564.89 and its two-hundred day moving average is $556.10. The stock has a market cap of $61.76 billion, a PE ratio of 40.06, a P/E/G ratio of 2.77 and a beta of 1.08. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The business’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.41 EPS. Equities analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were paid a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Friday, April 4th. Roper Technologies’s dividend payout ratio is presently 23.81%.

Insiders Place Their Bets

In related news, CFO Jason Conley sold 3,000 shares of the business’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,540,925.18. The trade was a 8.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.78% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. TD Cowen raised Roper Technologies from a “hold” rating to a “buy” rating and lifted their price objective for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Barclays reaffirmed an “underweight” rating on shares of Roper Technologies in a research report on Monday, April 28th. Stifel Nicolaus lowered their price objective on Roper Technologies from $685.00 to $650.00 and set a “buy” rating for the company in a research report on Tuesday, April 29th. Raymond James reissued a “strong-buy” rating and set a $655.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. Finally, Royal Bank of Canada boosted their price target on Roper Technologies from $694.00 to $695.00 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 given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $620.91.

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.