West Family Investments Inc. Purchases 195 Shares of Roper Technologies, Inc. (NYSE:ROP)

West Family Investments Inc. raised its stake in Roper Technologies, Inc. (NYSE:ROP) by 23.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,020 shares of the industrial products company’s stock after buying an additional 195 shares during the quarter. West Family Investments Inc.’s holdings in Roper Technologies were worth $556,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. OFI Invest Asset Management bought a new position in shares of Roper Technologies in the 3rd quarter valued at $25,000. Altshuler Shaham Ltd purchased a new stake in Roper Technologies during the third quarter valued at about $27,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Roper Technologies in the fourth quarter worth about $31,000. Independence Bank of Kentucky purchased a new position in shares of Roper Technologies during the fourth quarter valued at approximately $31,000. Finally, Lee Financial Co purchased a new position in shares of Roper Technologies during the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

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

Roper Technologies Stock Performance

Roper Technologies stock traded down $6.07 during midday trading on Thursday, reaching $508.69. 177,289 shares of the company’s stock were exchanged, compared to its average volume of 511,290. The stock’s 50-day simple moving average is $543.08 and its 200 day simple moving average is $533.88. Roper Technologies, Inc. has a 52 week low of $441.06 and a 52 week high of $565.00. The firm has a market cap of $54.45 billion, a price-to-earnings ratio of 37.36, a P/E/G ratio of 2.68 and a beta of 1.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.34 by $0.07. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the business posted $3.90 earnings per share. On average, analysts expect that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies’s dividend payout ratio is presently 21.77%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ROP. Mizuho upped their target price on shares of Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a research report on Monday. Barclays raised their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada dropped their target price on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a research report on Monday. Wells Fargo & Company boosted their price target on shares of Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Finally, Oppenheimer reissued an “outperform” rating and issued a $650.00 price objective on shares of Roper Technologies in a research report on Monday. Four equities 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $579.83.

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.