Alpha Family Trust Purchases Shares of 930 Roper Technologies, Inc. $ROP

Key Points

• Alpha Family Trust acquired 930 shares of Roper Technologies, Inc., worth approximately $548,000, during the 1st quarter as reported in their Form 13F filing.
• Multiple institutional investors, including Vanguard Group and T. Rowe Price, have increased their stakes in Roper Technologies, with overall institutional ownership at 93.31%.
• Roper Technologies recently announced a quarterly dividend of $0.825 per share, to be paid on October 17th, reflecting an annualized dividend yield of 0.6%.

Alpha Family Trust purchased a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 930 shares of the industrial products company's stock, valued at approximately $548,000.

Several other institutional investors have also recently added to or reduced their stakes in ROP. Vanguard Group Inc. raised its position in shares of Roper Technologies by 1.3% during the first quarter. Vanguard Group Inc. now owns 10,717,253 shares of the industrial products company's stock worth $6,318,678,000 after purchasing an additional 142,150 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in shares of Roper Technologies by 42.2% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock worth $2,678,009,000 after purchasing an additional 1,529,716 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Roper Technologies in the first quarter worth approximately $894,764,000. Mackenzie Financial Corp raised its position in Roper Technologies by 1.7% in the 4th quarter. Mackenzie Financial Corp now owns 1,165,053 shares of the industrial products company's stock valued at $605,653,000 after buying an additional 19,377 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Roper Technologies by 103,901.5% in the 1st quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company's stock valued at $657,320,000 after buying an additional 1,113,824 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Roper Technologies

In other news, VP John K. Stipancich sold 1,500 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total transaction of $846,255.00. Following the completion of the transaction, the vice president owned 38,932 shares in the company, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard F. Wallman sold 352 shares of the 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 transaction, the director owned 20,510 shares of the company's stock, valued at $11,408,687.50. The trade was a 1.69% 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 Trading Up 0.9%

Shares of Roper Technologies stock opened at $529.64 on Monday. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The firm has a market cap of $57.00 billion, a PE ratio of 36.93, a P/E/G ratio of 2.77 and a beta of 0.99. The stock has a fifty day moving average price of $554.68 and a 200-day moving average price of $564.67. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, beating 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%. The company's revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $4.48 earnings per share. Equities research analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 3rd will be paid a dividend of $0.825 per share. The ex-dividend date is Friday, October 3rd. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. Roper Technologies's dividend payout ratio is presently 23.19%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Raymond James Financial reissued a "strong-buy" rating and issued a $655.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. Truist Financial increased their price target on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Robert W. Baird increased their price target on Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a research report on Tuesday, July 22nd. Barclays reissued an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Finally, Oppenheimer reissued an "outperform" rating and issued a $640.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $637.40.

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.

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