Wasatch Advisors LP Has $4.17 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Wasatch Advisors LP boosted its position in shares of Roper Technologies, Inc. (NYSE:ROP) by 26.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,430 shares of the industrial products company’s stock after buying an additional 1,536 shares during the quarter. Wasatch Advisors LP’s holdings in Roper Technologies were worth $4,167,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in ROP. Norges Bank acquired a new position in shares of Roper Technologies in the 4th quarter valued at $756,176,000. Mackenzie Financial Corp raised its stake in Roper Technologies by 45.6% during the 4th quarter. Mackenzie Financial Corp now owns 896,909 shares of the industrial products company’s stock worth $488,968,000 after buying an additional 280,873 shares during the period. First Trust Advisors LP raised its stake in Roper Technologies by 149.7% during the 4th quarter. First Trust Advisors LP now owns 366,981 shares of the industrial products company’s stock worth $200,067,000 after buying an additional 220,006 shares during the period. Corient Private Wealth LLC raised its stake in Roper Technologies by 32.8% during the 4th quarter. Corient Private Wealth LLC now owns 858,949 shares of the industrial products company’s stock worth $468,273,000 after buying an additional 211,967 shares during the period. Finally, iA Global Asset Management Inc. acquired a new stake in Roper Technologies during the 3rd quarter worth $82,379,000. Institutional investors and hedge funds own 93.31% of the company’s stock.

Roper Technologies Stock Up 0.1 %

Shares of NYSE ROP traded up $0.48 during mid-day trading on Tuesday, hitting $563.11. The company had a trading volume of 503,651 shares, compared to its average volume of 518,539. The company has a market capitalization of $60.28 billion, a PE ratio of 40.84, a price-to-earnings-growth ratio of 2.95 and a beta of 1.02. The firm has a 50-day simple moving average of $540.55 and a two-hundred day simple moving average of $542.71. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a one year low of $471.93 and a one year high of $569.49.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.07. The company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.65 billion. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. Roper Technologies’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.90 EPS. On average, equities analysts expect that Roper Technologies, Inc. will post 18.17 EPS for the current year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 22nd. Investors of record on Monday, July 8th will be paid 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 (DPR) is currently 21.77%.

Wall Street Analysts Forecast Growth

ROP has been the topic of several research analyst reports. Mizuho raised their price objective on Roper Technologies from $525.00 to $530.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Wolfe Research downgraded Roper Technologies from an “outperform” rating to a “peer perform” rating in a research note on Thursday, June 13th. Barclays raised their price objective on Roper Technologies from $596.00 to $600.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Oppenheimer reiterated an “outperform” rating and set a $650.00 target price on shares of Roper Technologies in a report on Monday, April 29th. Finally, Royal Bank of Canada lowered their target price on Roper Technologies from $696.00 to $680.00 and set an “outperform” rating for the company in a report on Monday, April 29th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $584.82.

Insider Activity at Roper Technologies

In related news, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction dated 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 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 at the SEC website. In related news, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction dated 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 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 at the SEC website. Also, CFO Jason Conley sold 3,500 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $18,965,328.70. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by company insiders.

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.