Curi Wealth Management LLC Grows Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Curi Wealth Management LLC increased its position in Roper Technologies, Inc. (NYSE:ROPGet Rating) by 1,625.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 69 shares of the industrial products company’s stock after acquiring an additional 65 shares during the quarter. Curi Wealth Management LLC’s holdings in Roper Technologies were worth $32,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Inspire Investing LLC purchased a new stake in Roper Technologies in the 1st quarter worth approximately $419,000. Hartford Investment Management Co. increased its holdings in Roper Technologies by 6.9% in the 4th quarter. Hartford Investment Management Co. now owns 13,717 shares of the industrial products company’s stock worth $6,747,000 after acquiring an additional 883 shares in the last quarter. Conestoga Capital Advisors LLC increased its holdings in Roper Technologies by 6.4% in the 1st quarter. Conestoga Capital Advisors LLC now owns 1,985 shares of the industrial products company’s stock worth $937,000 after acquiring an additional 120 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in Roper Technologies by 24.7% in the 1st quarter. IFM Investors Pty Ltd now owns 17,034 shares of the industrial products company’s stock worth $8,044,000 after acquiring an additional 3,375 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in Roper Technologies by 29.9% in the 1st quarter. Commonwealth Equity Services LLC now owns 24,955 shares of the industrial products company’s stock worth $11,784,000 after acquiring an additional 5,746 shares in the last quarter. 92.68% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Stock Up 0.2 %

NYSE ROP opened at $431.92 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.55 and a current ratio of 1.58. The company has a market capitalization of $45.75 billion, a P/E ratio of 16.07, a P/E/G ratio of 3.01 and a beta of 1.04. Roper Technologies, Inc. has a one year low of $369.51 and a one year high of $505.00. The stock has a 50 day moving average price of $406.82 and a 200-day moving average price of $434.95.

Roper Technologies (NYSE:ROPGet Rating) last posted its earnings results on Friday, July 22nd. The industrial products company reported $3.95 EPS for the quarter, beating analysts’ consensus estimates of $3.83 by $0.12. The firm had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.54 billion. Roper Technologies had a return on equity of 12.83% and a net margin of 49.32%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company earned $3.76 EPS. As a group, equities analysts predict that Roper Technologies, Inc. will post 13.61 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 22nd. Investors of record on Friday, July 8th were given a $0.62 dividend. The ex-dividend date of this dividend was Thursday, July 7th. This represents a $2.48 dividend on an annualized basis and a yield of 0.57%. Roper Technologies’s dividend payout ratio is presently 9.23%.

Insider Buying and Selling

In related news, Director Robert D. Johnson sold 250 shares of the firm’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $443.69, for a total value of $110,922.50. Following the completion of the sale, the director now directly owns 5,869 shares in the company, valued at $2,604,016.61. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company cut their price objective on shares of Roper Technologies from $545.00 to $500.00 and set an “overweight” rating for the company in a report on Monday, July 25th. Cowen cut their price objective on shares of Roper Technologies from $545.00 to $500.00 and set an “outperform” rating for the company in a report on Tuesday, July 26th. TheStreet lowered shares of Roper Technologies from a “b” rating to a “c+” rating in a report on Friday, July 22nd. Oppenheimer set a $500.00 price objective on shares of Roper Technologies in a report on Monday, June 20th. Finally, Barclays cut their price objective on shares of Roper Technologies from $500.00 to $480.00 and set an “overweight” rating for the company in a report on Friday, July 8th. One analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $481.73.

Roper Technologies Company Profile

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Roper Technologies, Inc designs and develops software, and engineered products and solutions. The company offers management, campus solutions, diagnostic and laboratory information management, enterprise management, 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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