American Century Companies Inc. Acquires 6,020 Shares of Roper Technologies, Inc. $ROP

Key Points

• American Century Companies Inc. increased its holdings in Roper Technologies by 1.0%, owning 621,019 shares valued at $366.14 million after acquiring an additional 6,020 shares.
• Roper Technologies reported a quarterly earnings per share of $4.87, exceeding analysts’ expectations by $0.04, with a year-over-year revenue increase of 13.2%.
• The company announced a quarterly dividend of $0.825 to be paid on October 17th, with an annualized dividend yield of 0.6% and a payout ratio of 23.19%.

American Century Companies Inc. increased its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 621,019 shares of the industrial products company's stock after purchasing an additional 6,020 shares during the period. American Century Companies Inc. owned approximately 0.58% of Roper Technologies worth $366,140,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Endowment Wealth Management Inc. raised its stake in Roper Technologies by 3.4% during the 1st quarter. Endowment Wealth Management Inc. now owns 555 shares of the industrial products company's stock worth $327,000 after buying an additional 18 shares during the period. Meridian Financial Partners LLC increased its holdings in Roper Technologies by 0.9% during the 1st quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company's stock worth $1,221,000 after purchasing an additional 19 shares in the last quarter. My Legacy Advisors LLC increased its holdings in Roper Technologies by 1.5% during the 1st quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock worth $751,000 after purchasing an additional 19 shares in the last quarter. Smith Shellnut Wilson LLC ADV increased its holdings in Roper Technologies by 2.7% during the 4th quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock worth $399,000 after purchasing an additional 20 shares in the last quarter. Finally, Tritonpoint Wealth LLC increased its holdings in Roper Technologies by 2.7% during the 1st quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company's stock worth $448,000 after purchasing an additional 20 shares in the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on ROP. Raymond James Financial reissued a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Robert W. Baird boosted their price objective on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Stifel Nicolaus decreased their price objective on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Mizuho set a $600.00 target price on Roper Technologies in a report on Friday, May 16th. Finally, Truist Financial upped their target price on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $637.40.

Roper Technologies Stock Performance

Shares of NYSE:ROP traded up $4.68 during trading on Friday, hitting $529.64. 697,542 shares of the company were exchanged, compared to its average volume of 619,619. The company 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 50 day moving average of $554.68 and a 200 day moving average of $564.67. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. 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 posted its earnings results 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%. The company's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.48 EPS. As a group, equities research analysts predict that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, October 3rd. Roper Technologies's dividend payout ratio (DPR) is 23.19%.

Insiders Place Their Bets

In related news, 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 sale, the director owned 20,510 shares in the company, valued at approximately $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 value of $846,255.00. Following the completion of the sale, the vice president 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. Company insiders own 0.78% of the company's stock.

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.