Charles Schwab Investment Management Inc. Grows Stock Position in Roper Technologies, Inc. (NYSE:ROP)

Key Points

• Charles Schwab Investment Management Inc. has increased its holdings in Roper Technologies, acquiring 32,279 shares and bringing its total ownership to approximately 705,472 shares valued at $415.93 million.
• Roper Technologies recently reported a quarterly profit of $4.87 per share, surpassing analysts' expectations and showing a 13.2% increase in year-over-year revenue.
• The company announced a quarterly dividend of $0.825 per share, with an ex-dividend date of October 3rd, yielding an annualized dividend of 0.6%.

Charles Schwab Investment Management Inc. increased its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 705,472 shares of the industrial products company's stock after acquiring an additional 32,279 shares during the period. Charles Schwab Investment Management Inc. owned about 0.66% of Roper Technologies worth $415,932,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ROP. Vanguard Group Inc. increased its position in shares of Roper Technologies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 10,717,253 shares of the industrial products company's stock valued at $6,318,678,000 after purchasing an additional 142,150 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in Roper Technologies by 42.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock valued at $2,678,009,000 after buying an additional 1,529,716 shares during the period. Mackenzie Financial Corp increased its holdings in Roper Technologies by 1.7% during the fourth 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. GAMMA Investing LLC increased its holdings in Roper Technologies by 103,901.5% during the first 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. Finally, Northern Trust Corp raised its position in Roper Technologies by 9.6% in the fourth quarter. Northern Trust Corp now owns 1,111,212 shares of the industrial products company's stock worth $577,664,000 after acquiring an additional 97,270 shares during the period. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Price Performance

Shares of Roper Technologies stock traded down $2.33 on Friday, hitting $534.38. 358,734 shares of the company traded hands, compared to its average volume of 613,320. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The business has a 50-day simple moving average of $559.10 and a 200 day simple moving average of $565.45. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The stock has a market capitalization of $57.51 billion, a P/E ratio of 37.26, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings results 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 revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the company posted $4.48 EPS. Research analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

ROP has been the subject of a number of recent research reports. Mizuho set a $600.00 price objective on shares of Roper Technologies in a research report on Friday, May 16th. Raymond James Financial reissued a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Stifel Nicolaus lowered their price objective on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. increased their target price on shares of Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Roper Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $637.18.

Insider Buying and Selling

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