Cobblestone Capital Advisors LLC NY Acquires New Stake in Roper Technologies, Inc. (NYSE:ROP)

Key Points

• Cobblestone Capital Advisors LLC has acquired 973 shares of Roper Technologies, valued at approximately $574,000, as revealed in its 13F filing.
• Roper Technologies reported a quarterly EPS of $4.87, exceeding analysts' expectations, with revenue up by 13.2% year-over-year.
• The company will pay a quarterly dividend of $0.825 on October 17th, reflecting a 0.6% dividend yield and a payout ratio of 23.19%.

Cobblestone Capital Advisors LLC NY acquired a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 973 shares of the industrial products company's stock, valued at approximately $574,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nuveen LLC acquired a new position in Roper Technologies in the first quarter valued at approximately $894,764,000. Pandora Wealth Inc. acquired a new position in Roper Technologies in the first quarter valued at approximately $651,000. Fiduciary Family Office LLC acquired a new position in Roper Technologies in the first quarter valued at approximately $331,000. Benjamin Edwards Inc. boosted its holdings in Roper Technologies by 4.3% in the first quarter. Benjamin Edwards Inc. now owns 1,679 shares of the industrial products company's stock valued at $990,000 after purchasing an additional 69 shares in the last quarter. Finally, Townsquare Capital LLC boosted its holdings in Roper Technologies by 25.8% in the first quarter. Townsquare Capital LLC now owns 2,986 shares of the industrial products company's stock valued at $1,760,000 after purchasing an additional 612 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Price Performance

NYSE:ROP traded up $3.03 during trading hours on Wednesday, hitting $522.53. The company's stock had a trading volume of 1,105,813 shares, compared to its average volume of 617,344. The business's 50-day moving average is $557.35 and its two-hundred day moving average is $565.10. The company has a market capitalization of $56.23 billion, a PE ratio of 36.44, a PEG ratio of 2.77 and a beta of 0.99. 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 52-week low of $499.47 and a 52-week high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. Roper Technologies's revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the previous year, the business earned $4.48 earnings per share. As a group, 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 announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be issued a $0.825 dividend. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $3.30 annualized dividend and a yield of 0.6%. Roper Technologies's dividend payout ratio is 23.19%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ROP shares. Robert W. Baird raised their target price on shares of Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Oppenheimer restated an "outperform" rating and set a $640.00 target price on shares of Roper Technologies in a research report on Monday, April 28th. William Blair started coverage on shares of Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating on the stock. JPMorgan Chase & Co. raised their target price on shares of Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 22nd. Finally, Royal Bank Of Canada raised their target price on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Roper Technologies has an average rating of "Moderate Buy" and an average target price of $637.18.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 352 shares of the company's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total value of $195,800.00. Following the sale, the director owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John K. Stipancich sold 1,500 shares of the company's stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total value of $846,255.00. Following the completion of the sale, the vice president directly owned 38,932 shares in the company, valued at $21,964,266.44. This trade represents a 3.71% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by corporate insiders.

Roper Technologies 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.