Applied Finance Capital Management LLC Buys 3,809 Shares of Roper Technologies, Inc. (NYSE:ROP)

Applied Finance Capital Management LLC increased its stake in Roper Technologies, Inc. (NYSE:ROPFree Report) by 6.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,395 shares of the industrial products company’s stock after purchasing an additional 3,809 shares during the period. Roper Technologies makes up 3.0% of Applied Finance Capital Management LLC’s holdings, making the stock its 5th largest position. Applied Finance Capital Management LLC owned approximately 0.06% of Roper Technologies worth $34,561,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Beaumont Financial Advisors LLC increased its stake in Roper Technologies by 2.5% in the 4th 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 last quarter. Jacobi Capital Management LLC raised its holdings in Roper Technologies by 0.5% during the third quarter. Jacobi Capital Management LLC now owns 4,193 shares of the industrial products company’s stock worth $2,030,000 after acquiring an additional 21 shares in the last quarter. My Legacy Advisors LLC boosted its position in Roper Technologies by 1.0% during the fourth quarter. My Legacy Advisors LLC now owns 2,129 shares of the industrial products company’s stock valued at $1,133,000 after purchasing an additional 22 shares during the last quarter. Pinnacle Financial Partners Inc grew its stake in Roper Technologies by 1.9% in the fourth quarter. Pinnacle Financial Partners Inc now owns 1,158 shares of the industrial products company’s stock valued at $631,000 after purchasing an additional 22 shares in the last quarter. Finally, Fidelis Capital Partners LLC increased its position in shares of Roper Technologies by 2.9% during the 4th quarter. Fidelis Capital Partners LLC now owns 862 shares of the industrial products company’s stock worth $470,000 after purchasing an additional 24 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company’s stock.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies 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 transaction, the director now owns 35,547 shares in the company, valued at approximately $19,540,541.37. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.94% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ROP. Barclays raised their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Raymond James increased 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. Mizuho boosted their price objective on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. Wells Fargo & Company increased their target price on Roper Technologies from $560.00 to $615.00 and gave the stock an “overweight” rating in a research note on Monday, January 22nd. Finally, Royal Bank of Canada reduced their price target on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a research note on Monday, April 29th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies has an average rating of “Moderate Buy” and an average price target of $584.82.

Read Our Latest Stock Analysis on ROP

Roper Technologies Trading Up 0.6 %

Shares of ROP stock traded up $3.09 during mid-day trading on Friday, reaching $541.89. 787,896 shares of the stock traded hands, compared to its average volume of 608,923. The company has a market cap of $58.01 billion, a price-to-earnings ratio of 39.32, a price-to-earnings-growth ratio of 2.83 and a beta of 1.00. 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 stock’s fifty day simple moving average is $537.60 and its two-hundred day simple moving average is $536.70. Roper Technologies, Inc. has a 1-year low of $441.06 and a 1-year high of $565.00.

Roper Technologies (NYSE:ROPGet Free Report) last posted its earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, topping analysts’ consensus estimates of $4.34 by $0.07. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.90 EPS. On average, research analysts anticipate that Roper Technologies, Inc. will post 18.16 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.55%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s payout ratio is presently 21.77%.

Roper Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Roper Technologies (NYSE:ROP)

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