Williams Jones Wealth Management LLC. Boosts Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Williams Jones Wealth Management LLC. grew its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 260,449 shares of the industrial products company’s stock after purchasing an additional 512 shares during the quarter. Roper Technologies makes up 1.6% of Williams Jones Wealth Management LLC.’s investment portfolio, making the stock its 17th largest holding. Williams Jones Wealth Management LLC.’s holdings in Roper Technologies were worth $135,394,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. VSM Wealth Advisory LLC purchased a new stake in Roper Technologies during the fourth quarter worth about $26,000. CoreFirst Bank & Trust purchased a new stake in shares of Roper Technologies during the 4th quarter worth approximately $36,000. Parvin Asset Management LLC bought a new stake in shares of Roper Technologies in the 4th quarter worth approximately $39,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 75 shares during the last quarter. Finally, OFI Invest Asset Management bought a new position in Roper Technologies during the fourth quarter valued at $38,000. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Price Performance

Shares of NYSE:ROP opened at $580.47 on Tuesday. The company has a 50 day moving average of $565.52 and a 200 day moving average of $556.80. The stock has a market cap of $62.41 billion, a P/E ratio of 40.48, 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 current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, beating the consensus estimate of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business posted $4.41 earnings per share. As a group, sell-side analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

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

Insider Buying and Selling at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were 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 directly owns 31,522 shares in the company, valued at approximately $18,540,925.18. This represents a 8.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.78% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Roper Technologies from $470.00 to $561.00 and gave the company a “neutral” rating in a research report on Friday. Mizuho set a $600.00 price objective on shares of Roper Technologies in a report on Friday. Barclays reiterated an “underweight” rating on shares of Roper Technologies in a research report on Monday, April 28th. Royal Bank of Canada boosted their price target on shares of Roper Technologies from $694.00 to $695.00 and gave the company an “outperform” rating in a research report on Tuesday, April 29th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $640.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Roper Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $632.36.

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.