Gitterman Wealth Management LLC Invests $233,000 in Roper Technologies, Inc. (NYSE:ROP)

Gitterman Wealth Management LLC purchased a new position in shares of Roper Technologies, Inc. (NYSE:ROP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 428 shares of the industrial products company’s stock, valued at approximately $233,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Beaumont Financial Advisors LLC increased its stake in shares of Roper Technologies by 2.5% in the fourth quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company’s stock valued at $454,000 after buying an additional 20 shares during the period. NorthRock Partners LLC lifted its holdings in Roper Technologies by 1.7% during the third quarter. NorthRock Partners LLC now owns 1,223 shares of the industrial products company’s stock worth $592,000 after acquiring an additional 21 shares during the period. Jacobi Capital Management LLC increased its position in Roper Technologies by 0.5% in the third quarter. Jacobi Capital Management LLC now owns 4,193 shares of the industrial products company’s stock worth $2,030,000 after buying an additional 21 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in Roper Technologies by 0.7% in the third quarter. Chicago Partners Investment Group LLC now owns 3,310 shares of the industrial products company’s stock worth $1,582,000 after buying an additional 22 shares during the last quarter. Finally, My Legacy Advisors LLC increased its position in Roper Technologies by 1.0% in the fourth quarter. My Legacy Advisors LLC now owns 2,129 shares of the industrial products company’s stock worth $1,133,000 after buying an additional 22 shares during the last quarter. Institutional investors own 93.31% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on ROP. TD Cowen lowered Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price objective for the company. in a research note on Thursday, January 4th. 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 research report on Monday, January 22nd. Barclays increased their target price on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Oppenheimer increased their target price on Roper Technologies from $580.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, March 22nd. Finally, Mizuho raised their price target on Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a research note on Thursday, February 1st. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Roper Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $574.58.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction on Monday, March 18th. The shares were sold at an average price of $549.71, for a total value of $109,942.00. Following the transaction, the director now directly owns 35,547 shares in the company, valued at $19,540,541.37. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.94% of the company’s stock.

Roper Technologies Price Performance

Shares of ROP stock traded down $13.63 during mid-day trading on Friday, hitting $526.78. 856,081 shares of the stock were exchanged, compared to its average volume of 498,846. The firm has a fifty day moving average of $545.05 and a 200 day moving average of $533.61. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33. Roper Technologies, Inc. has a 52-week low of $435.49 and a 52-week high of $565.00. The company has a market cap of $56.38 billion, a PE ratio of 38.23, a price-to-earnings-growth ratio of 2.78 and a beta of 0.99.

Roper Technologies (NYSE:ROP) last released its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. Roper Technologies’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.90 EPS. Research analysts anticipate that Roper Technologies, Inc. will post 18.08 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were given a $0.75 dividend. The ex-dividend date was Thursday, April 4th. This represents a $3.00 annualized dividend and a yield of 0.57%. Roper Technologies’s dividend payout ratio is presently 21.77%.

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.