Signaturefd LLC Increases Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Signaturefd LLC lifted its holdings in shares of Roper Technologies, Inc. (NYSE:ROP) by 6.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,978 shares of the industrial products company’s stock after buying an additional 122 shares during the period. Signaturefd LLC’s holdings in Roper Technologies were worth $1,078,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of ROP. Beaumont Financial Advisors LLC lifted its holdings in Roper Technologies by 2.5% in the fourth quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company’s stock valued at $454,000 after acquiring an additional 20 shares during the period. UMB Bank n.a. lifted its stake in shares of Roper Technologies by 0.6% in the third quarter. UMB Bank n.a. now owns 3,437 shares of the industrial products company’s stock valued at $1,664,000 after purchasing an additional 21 shares during the period. NorthRock Partners LLC grew its position in Roper Technologies by 1.7% during the third quarter. NorthRock Partners LLC now owns 1,223 shares of the industrial products company’s stock worth $592,000 after buying an additional 21 shares during the period. Jacobi Capital Management LLC increased its holdings in Roper Technologies by 0.5% in the third quarter. Jacobi Capital Management LLC now owns 4,193 shares of the industrial products company’s stock valued at $2,030,000 after buying an additional 21 shares in the last quarter. Finally, Chicago Partners Investment Group LLC lifted its position in shares of Roper Technologies by 0.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 3,310 shares of the industrial products company’s stock valued at $1,582,000 after acquiring an additional 22 shares during the period. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Price Performance

ROP stock opened at $539.11 on Tuesday. The stock has a market capitalization of $57.70 billion, a price-to-earnings ratio of 41.82, a price-to-earnings-growth ratio of 2.82 and a beta of 0.99. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33. Roper Technologies, Inc. has a 52-week low of $430.03 and a 52-week high of $565.00. The stock’s fifty day simple moving average is $545.57 and its 200-day simple moving average is $532.77.

Roper Technologies (NYSE:ROP) last issued its quarterly earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.34 by $0.03. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the company earned $3.92 EPS. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. Equities research analysts expect that Roper Technologies, Inc. will post 18.07 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Thursday, April 4th. Roper Technologies’s dividend payout ratio is currently 23.27%.

Insider Buying and Selling at Roper Technologies

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Mizuho upped their price target on Roper Technologies from $500.00 to $525.00 and gave the stock a “neutral” rating in a report on Thursday, February 1st. Raymond James raised their price target on Roper Technologies from $572.00 to $620.00 and gave the company a “strong-buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada boosted their price objective on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an “outperform” rating in a research report on Thursday, February 1st. TD Cowen downgraded shares of Roper Technologies from an “outperform” rating to a “market perform” rating and set a $535.00 target price for the company. in a report on Thursday, January 4th. Finally, Barclays upped their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $574.58.

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.