Roper Technologies, Inc. (NYSE:ROP) Position Boosted by Forte Capital LLC ADV

Forte Capital LLC ADV raised its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 6.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 484 shares of the industrial products company’s stock after acquiring an additional 30 shares during the period. Forte Capital LLC ADV’s holdings in Roper Technologies were worth $264,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. OFI Invest Asset Management bought a new stake in shares of Roper Technologies during the third quarter valued at about $25,000. Altshuler Shaham Ltd bought a new stake in shares of Roper Technologies during the 3rd quarter worth about $27,000. Independence Bank of Kentucky acquired a new stake in shares of Roper Technologies in the 4th quarter worth approximately $31,000. Wetzel Investment Advisors Inc. bought a new position in shares of Roper Technologies in the fourth quarter valued at approximately $31,000. Finally, Lee Financial Co acquired a new position in shares of Roper Technologies during the third quarter valued at approximately $34,000. Institutional investors own 93.31% of the company’s stock.

Insider Transactions at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 35,547 shares in the company, valued at approximately $19,540,541.37. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.94% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wells Fargo & Company increased their price target on Roper Technologies from $560.00 to $615.00 and gave the company an “overweight” rating in a research note on Monday, January 22nd. Royal Bank of Canada lowered their target price on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating on the stock in a report on Monday, April 29th. Raymond James upped their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a report on Friday, February 2nd. Oppenheimer restated an “outperform” rating and set a $650.00 price objective on shares of Roper Technologies in a research report on Monday, April 29th. Finally, Barclays boosted 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. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $584.82.

Roper Technologies Trading Up 1.3 %

Shares of Roper Technologies stock traded up $6.39 during trading on Friday, hitting $517.21. The stock had a trading volume of 1,067,608 shares, compared to its average volume of 573,615. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $55.36 billion, a PE ratio of 37.53, a P/E/G ratio of 2.68 and a beta of 1.00. Roper Technologies, Inc. has a 1 year low of $441.06 and a 1 year high of $565.00. The stock has a 50 day simple moving average of $541.39 and a 200 day simple moving average of $533.82.

Roper Technologies (NYSE:ROP) last posted its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping the consensus estimate of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same period in the previous year, the company posted $3.90 EPS. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, research analysts expect that Roper Technologies, Inc. will post 18.16 EPS 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 issued a $0.75 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.58%. Roper Technologies’s dividend payout ratio is 21.77%.

About Roper Technologies

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.