Assetmark Inc. Has $5.85 Million Stake in Roper Technologies, Inc. (NYSE:ROP)

Assetmark Inc. grew its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 6.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,916 shares of the industrial products company's stock after acquiring an additional 558 shares during the period. Assetmark Inc.'s holdings in Roper Technologies were worth $5,846,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. MorganRosel Wealth Management LLC bought a new position in Roper Technologies in the 1st quarter valued at $27,000. Putney Financial Group LLC acquired a new stake in shares of Roper Technologies in the fourth quarter valued at $31,000. Olde Wealth Management LLC bought a new position in shares of Roper Technologies in the first quarter valued at about $31,000. Wayfinding Financial LLC acquired a new position in Roper Technologies during the 1st quarter worth about $31,000. Finally, Alpine Bank Wealth Management acquired a new position in Roper Technologies during the 1st quarter worth about $34,000. 93.31% of the stock is owned by institutional investors and hedge funds.

Roper Technologies Trading Down 1.5%

Shares of Roper Technologies stock traded down $8.20 during trading on Friday, hitting $542.21. 224,565 shares of the company were exchanged, compared to its average volume of 615,830. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.40 and a quick ratio of 0.37. The firm has a market capitalization of $58.30 billion, a P/E ratio of 37.81, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02. The firm's fifty day moving average price is $562.52 and its 200 day moving average price is $564.21. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.83 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. The business's quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.48 earnings per share. As a group, sell-side analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, July 8th. Roper Technologies's payout ratio is presently 23.19%.

Insider Transactions at Roper Technologies

In other news, VP John K. Stipancich sold 1,500 shares of the firm's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total transaction of $846,255.00. Following the sale, the vice president owned 38,932 shares of the company's stock, valued at $21,964,266.44. This trade represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction dated Tuesday, July 22nd. The shares were 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 in the company, valued at $11,408,687.50. This trade represents a 1.69% decrease in their position. The disclosure for this sale can be found here. 0.87% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada boosted their target price on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Barclays reissued an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. JPMorgan Chase & Co. increased their price objective on Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Stifel Nicolaus dropped their target price on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Finally, Mizuho set a $600.00 price objective on Roper Technologies in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $637.18.

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.