Ewing Morris & Co. Investment Partners Ltd. Makes New $944,000 Investment in Roper Technologies, Inc. (NYSE:ROP)

Ewing Morris & Co. Investment Partners Ltd. bought a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,815 shares of the industrial products company's stock, valued at approximately $944,000.

Several other institutional investors have also recently bought and sold shares of ROP. VSM Wealth Advisory LLC acquired a new position in shares of Roper Technologies during the 4th quarter worth approximately $26,000. CoreFirst Bank & Trust acquired a new position in shares of Roper Technologies during the 4th quarter worth approximately $36,000. OFI Invest Asset Management acquired a new position in shares of Roper Technologies during the 4th quarter worth approximately $38,000. Parvin Asset Management LLC acquired a new position in shares of Roper Technologies during the 4th quarter worth approximately $39,000. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Roper Technologies by 7,500.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock worth $40,000 after acquiring an additional 75 shares during the last quarter. Institutional investors own 93.31% of the company's stock.

Roper Technologies Price Performance

Shares of ROP traded down $4.50 during trading hours on Friday, hitting $570.48. 333,225 shares of the stock were exchanged, compared to its average volume of 549,790. The company has a market cap of $61.34 billion, a price-to-earnings ratio of 39.78, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The stock's 50-day moving average price is $565.97 and its two-hundred day moving average price is $555.44.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate 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 last year, the business posted $4.41 EPS. The company's quarterly revenue was up 12.0% compared to the same quarter last year. Research analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were issued a $0.825 dividend. The ex-dividend date was Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. Roper Technologies's dividend payout ratio is currently 23.81%.

Insider Buying and Selling

In related 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 value of $1,764,570.00. Following the transaction, the chief financial officer now owns 31,522 shares in the company, valued at approximately $18,540,925.18. This trade represents a 8.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.78% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ROP has been the subject of several recent research reports. Barclays restated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Stifel Nicolaus reduced their price target on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Robert W. Baird boosted their price target on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research note on Tuesday, April 29th. JPMorgan Chase & Co. boosted their price target on Roper Technologies from $465.00 to $470.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. Finally, William Blair started coverage on Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Roper Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $620.91.

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.