Parr Mcknight Wealth Management Group LLC Acquires Shares of 2,404 Roper Technologies, Inc. (NYSE:ROP)

Parr Mcknight Wealth Management Group LLC bought a new stake in shares of Roper Technologies, Inc. (NYSE:ROP) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 2,404 shares of the industrial products company’s stock, valued at approximately $1,250,000.

Other hedge funds have also made changes to their positions in the company. VSM Wealth Advisory LLC bought a new position in Roper Technologies during the 4th quarter valued at $26,000. CoreFirst Bank & Trust acquired a new stake in shares of Roper Technologies in the 4th quarter valued at about $36,000. OFI Invest Asset Management bought a new position in shares of Roper Technologies during the fourth quarter worth about $38,000. Parvin Asset Management LLC acquired a new position in Roper Technologies in the fourth quarter worth about $39,000. Finally, E Fund Management Hong Kong Co. Ltd. grew 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 worth $40,000 after purchasing an additional 75 shares in the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Down 0.4%

Roper Technologies stock opened at $567.03 on Friday. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The stock has a market cap of $60.96 billion, a price-to-earnings ratio of 39.54, a PEG ratio of 2.77 and a beta of 1.08. The company’s 50-day moving average price is $565.57 and its two-hundred day moving average price is $557.42. 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 posted its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share (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%. During the same period in the previous year, the firm earned $4.41 earnings per share. The firm’s revenue was up 12.0% on a year-over-year basis. On average, analysts expect that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies’s dividend payout ratio (DPR) is presently 23.81%.

Insider Transactions at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of the transaction, the chief financial officer now owns 31,522 shares of the company’s stock, valued at $18,540,925.18. This trade represents a 8.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.87% of the company’s stock.

Analysts Set New Price Targets

ROP has been the topic of several research reports. Royal Bank of Canada upped their price objective on Roper Technologies from $694.00 to $695.00 and gave the company an “outperform” rating in a research note on Tuesday, April 29th. TD Cowen upgraded Roper Technologies from a “hold” rating to a “buy” rating and increased their price target for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. William Blair assumed coverage on shares of Roper Technologies in a report on Monday, May 5th. They set an “outperform” rating for the company. Oppenheimer reaffirmed an “outperform” rating and issued a $640.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Finally, Mizuho set a $600.00 target price on shares of Roper Technologies in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $632.36.

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.