Aptus Capital Advisors LLC boosted its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 17.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,533 shares of the industrial products company's stock after buying an additional 3,527 shares during the quarter. Aptus Capital Advisors LLC's holdings in Roper Technologies were worth $12,234,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of ROP. Douglas Lane & Associates LLC grew its holdings in shares of Roper Technologies by 18.9% during the fourth quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company's stock worth $57,005,000 after buying an additional 17,466 shares in the last quarter. Nordea Investment Management AB raised its holdings in Roper Technologies by 8.5% in the 4th quarter. Nordea Investment Management AB now owns 538,678 shares of the industrial products company's stock valued at $280,113,000 after acquiring an additional 42,016 shares during the last quarter. Signal Advisors Wealth LLC boosted its holdings in shares of Roper Technologies by 42.0% during the fourth quarter. Signal Advisors Wealth LLC now owns 5,816 shares of the industrial products company's stock worth $3,023,000 after purchasing an additional 1,719 shares during the last quarter. Plato Investment Management Ltd increased its stake in Roper Technologies by 41.4% in the fourth quarter. Plato Investment Management Ltd now owns 4,036 shares of the industrial products company's stock valued at $2,106,000 after purchasing an additional 1,182 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Roper Technologies by 20.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,353 shares of the industrial products company's stock worth $25,656,000 after buying an additional 8,415 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.
Insider Activity at Roper Technologies
In other news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,540,925.18. This trade represents a 8.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.87% of the company's stock.
Roper Technologies Stock Performance
ROP stock traded up $4.59 during mid-day trading on Wednesday, reaching $574.29. The company had a trading volume of 395,996 shares, compared to its average volume of 548,803. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a one year low of $499.47 and a one year high of $595.17. The stock's 50-day simple moving average is $566.67 and its two-hundred day simple moving average is $554.88. The stock has a market capitalization of $61.75 billion, a P/E ratio of 40.05, a P/E/G ratio of 2.77 and a beta of 1.08.
Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share for the quarter, beating analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. During the same quarter in the previous year, the firm earned $4.41 EPS. The business's quarterly revenue was up 12.0% on a year-over-year basis. Research analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current year.
Roper Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Friday, April 4th. Roper Technologies's dividend payout ratio is currently 23.81%.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on ROP shares. Robert W. Baird raised their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Stifel Nicolaus lowered their price target on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and raised their price objective for the stock from $535.00 to $615.00 in a report on Tuesday, January 28th. Finally, Oppenheimer reiterated an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $620.91.
View Our Latest Stock Analysis on Roper Technologies
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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