Dash Acquisitions Inc. Boosts Stake in Roper Technologies, Inc. (NYSE:ROP)

Dash Acquisitions Inc. lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 7.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,811 shares of the industrial products company’s stock after acquiring an additional 553 shares during the quarter. Roper Technologies accounts for approximately 1.3% of Dash Acquisitions Inc.’s investment portfolio, making the stock its 23rd biggest holding. Dash Acquisitions Inc.’s holdings in Roper Technologies were worth $4,112,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Rise Advisors LLC purchased a new stake in shares of Roper Technologies during the 1st quarter worth about $27,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Roper Technologies during the 4th quarter worth about $31,000. Independence Bank of Kentucky acquired a new position in shares of Roper Technologies during the 4th quarter worth about $31,000. VisionPoint Advisory Group LLC acquired a new position in shares of Roper Technologies during the 4th quarter worth about $32,000. Finally, Grayhawk Investment Strategies Inc. acquired a new position in shares of Roper Technologies during the 4th quarter worth about $38,000. 93.31% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $554.67, for a total value of $166,401.00. Following the completion of the transaction, the director now owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $554.67, for a total value of $166,401.00. Following the sale, the director now directly owns 35,247 shares in the company, valued at approximately $19,550,453.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the completion of the sale, the chief financial officer now owns 33,685 shares in the company, valued at $18,965,328.70. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on ROP shares. Mizuho increased their price objective on shares of Roper Technologies from $525.00 to $530.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Oppenheimer reiterated an “outperform” rating and issued a $650.00 price objective on shares of Roper Technologies in a report on Monday, April 29th. Barclays increased their price objective 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. Wolfe Research downgraded shares of Roper Technologies from an “outperform” rating to a “peer perform” rating in a report on Thursday, June 13th. Finally, Royal Bank of Canada cut their price objective on shares of Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Roper Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $584.82.

Roper Technologies Trading Up 0.1 %

Shares of NYSE:ROP traded up $0.48 during mid-day trading on Tuesday, reaching $563.11. 503,651 shares of the company were exchanged, compared to its average volume of 518,539. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.49 and a quick ratio of 0.45. The firm has a market cap of $60.28 billion, a price-to-earnings ratio of 40.84, a P/E/G ratio of 2.95 and a beta of 1.02. The firm’s 50-day simple moving average is $540.55 and its 200 day simple moving average is $542.71. Roper Technologies, Inc. has a 1 year low of $471.93 and a 1 year high of $569.49.

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 analysts’ consensus estimates of $4.34 by $0.07. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter last year, the company posted $3.90 EPS. Equities research analysts forecast that Roper Technologies, Inc. will post 18.17 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 22nd. Shareholders of record on Monday, July 8th will be given a $0.75 dividend. The ex-dividend date is Monday, July 8th. This represents a $3.00 annualized dividend and a yield of 0.53%. Roper Technologies’s dividend payout ratio is presently 21.77%.

Roper Technologies Company 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.