Baird Financial Group Inc. Buys 585 Shares of Roper Technologies, Inc. (NYSE:ROP)

Baird Financial Group Inc. increased its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 0.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 79,792 shares of the industrial products company's stock after acquiring an additional 585 shares during the period. Baird Financial Group Inc. owned approximately 0.07% of Roper Technologies worth $41,480,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Douglas Lane & Associates LLC grew its holdings in shares of Roper Technologies by 18.9% during the 4th quarter. Douglas Lane & Associates LLC now owns 109,656 shares of the industrial products company's stock valued at $57,005,000 after purchasing an additional 17,466 shares during the last quarter. Nordea Investment Management AB lifted 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 worth $280,113,000 after buying an additional 42,016 shares during the period. Signal Advisors Wealth LLC lifted its stake in Roper Technologies by 42.0% in the fourth quarter. Signal Advisors Wealth LLC now owns 5,816 shares of the industrial products company's stock worth $3,023,000 after acquiring an additional 1,719 shares during the period. Plato Investment Management Ltd boosted its stake in shares of Roper Technologies by 41.4% during the 4th 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Roper Technologies by 20.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,353 shares of the industrial products company's stock valued at $25,656,000 after acquiring an additional 8,415 shares in the last quarter. Institutional investors own 93.31% of the company's stock.

Insider Transactions at Roper Technologies

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the firm's stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the sale, the chief financial officer now owns 31,522 shares of the company's stock, valued at $18,540,925.18. This trade represents a 8.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.87% of the company's stock.

Roper Technologies Stock Up 0.9 %

Shares of NYSE ROP opened at $571.13 on Tuesday. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The firm's 50-day moving average price is $566.73 and its 200-day moving average price is $554.77. The stock has a market capitalization of $61.41 billion, a price-to-earnings ratio of 39.83, a P/E/G ratio of 2.77 and a beta of 1.08.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) 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%. The business's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.41 EPS. On average, equities research analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were given a dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies's dividend payout ratio (DPR) is 23.81%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Raymond James reaffirmed a "strong-buy" rating and issued a $655.00 target price on shares of Roper Technologies in a research report on Monday, April 28th. Oppenheimer restated an "outperform" rating and issued a $640.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. Barclays restated an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. William Blair started coverage on shares of Roper Technologies in a research report on Monday. They set an "outperform" rating for the company. Finally, Royal Bank of Canada raised their target price on Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Roper Technologies currently has a consensus rating of "Moderate Buy" and a consensus price target of $620.91.

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.

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