Texas Bank & Trust Co Invests $364,000 in Roper Technologies, Inc. (NYSE:ROP)

Texas Bank & Trust Co purchased a new position in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 700 shares of the industrial products company's stock, valued at approximately $364,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of ROP. JPMorgan Chase & Co. raised its position in Roper Technologies by 7.5% during the third quarter. JPMorgan Chase & Co. now owns 662,033 shares of the industrial products company's stock valued at $368,382,000 after purchasing an additional 45,947 shares in the last quarter. Merit Financial Group LLC acquired a new position in shares of Roper Technologies during the 4th quarter worth $371,000. Trust Co. of Vermont lifted its position in shares of Roper Technologies by 167.5% during the 4th quarter. Trust Co. of Vermont now owns 1,086 shares of the industrial products company's stock worth $565,000 after buying an additional 680 shares during the last quarter. Ameritas Advisory Services LLC boosted its stake in Roper Technologies by 18.6% in the fourth quarter. Ameritas Advisory Services LLC now owns 714 shares of the industrial products company's stock valued at $371,000 after buying an additional 112 shares in the last quarter. Finally, Raub Brock Capital Management LP grew its position in Roper Technologies by 2.2% in the fourth quarter. Raub Brock Capital Management LP now owns 30,840 shares of the industrial products company's stock valued at $16,032,000 after acquiring an additional 650 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Stock Down 0.7%

Shares of ROP traded down $3.74 during trading hours on Thursday, reaching $569.07. 346,356 shares of the stock traded hands, compared to its average volume of 548,195. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The stock has a fifty day simple moving average of $565.89 and a 200 day simple moving average of $557.06. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The company has a market cap of $61.18 billion, a price-to-earnings ratio of 39.68, a PEG ratio of 2.77 and a beta of 1.08.

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

Roper Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders 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 dividend yield of 0.58%. The ex-dividend date was Friday, April 4th. Roper Technologies's dividend payout ratio is currently 23.81%.

Insider Buying and Selling at Roper Technologies

In related news, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,540,925.18. This represents a 8.69% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.87% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ROP has been the subject of a number of research reports. William Blair initiated coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating for the company. Raymond James reissued a "strong-buy" rating and issued a $655.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Mizuho set a $600.00 target price on shares of Roper Technologies in a research note on Friday, May 16th. Stifel Nicolaus dropped 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. Finally, Robert W. Baird boosted their price objective on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, three have given 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 stock currently has a consensus rating of "Moderate Buy" and an average price target of $632.36.

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.