Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Marco Investment Management LLC

Marco Investment Management LLC increased its stake in shares of Roper Technologies, Inc. (NYSE:ROP) by 2.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 8,453 shares of the industrial products company’s stock after purchasing an additional 220 shares during the period. Marco Investment Management LLC’s holdings in Roper Technologies were worth $4,608,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of ROP. AE Wealth Management LLC increased its holdings in Roper Technologies by 93.5% during the 3rd quarter. AE Wealth Management LLC now owns 1,641 shares of the industrial products company’s stock worth $795,000 after purchasing an additional 793 shares during the last quarter. DAVENPORT & Co LLC raised its position in shares of Roper Technologies by 12.0% during the 3rd quarter. DAVENPORT & Co LLC now owns 637 shares of the industrial products company’s stock valued at $309,000 after acquiring an additional 68 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of Roper Technologies by 4.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 45,512 shares of the industrial products company’s stock valued at $22,041,000 after acquiring an additional 1,992 shares in the last quarter. Simplicity Solutions LLC raised its position in shares of Roper Technologies by 43.0% during the 3rd quarter. Simplicity Solutions LLC now owns 3,084 shares of the industrial products company’s stock valued at $1,493,000 after acquiring an additional 928 shares in the last quarter. Finally, Ballentine Partners LLC raised its position in shares of Roper Technologies by 2.8% during the 3rd quarter. Ballentine Partners LLC now owns 1,349 shares of the industrial products company’s stock valued at $653,000 after acquiring an additional 37 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Stock Performance

Shares of NYSE:ROP traded down $13.63 on Friday, hitting $526.78. The company’s stock had a trading volume of 856,081 shares, compared to its average volume of 498,846. Roper Technologies, Inc. has a 12 month low of $435.49 and a 12 month high of $565.00. The company has a market capitalization of $56.38 billion, a price-to-earnings ratio of 38.23, a price-to-earnings-growth ratio of 2.78 and a beta of 0.99. The stock’s 50-day moving average is $545.05 and its two-hundred day moving average is $533.84. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50.

Roper Technologies (NYSE:ROP) last released its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.34 by $0.07. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the business posted $3.90 earnings per share. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, equities research analysts forecast that Roper Technologies, Inc. will post 18.08 EPS for the current year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.00 annualized dividend and a yield of 0.57%. Roper Technologies’s dividend payout ratio is currently 21.77%.

Insider Activity at Roper Technologies

In related news, Director Christopher Wright sold 200 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the transaction, the director now owns 35,547 shares of the company’s stock, valued at $19,540,541.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.94% of the company’s stock.

Analysts Set New Price Targets

ROP has been the topic of several research reports. TD Cowen lowered Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 price target on the stock. in a research report 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. Royal Bank of Canada increased their target price on Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. Raymond James increased their target price on Roper Technologies from $572.00 to $620.00 and gave the stock a “strong-buy” rating in a research report on Friday, February 2nd. Finally, 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. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $574.58.

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.