Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC grew its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 89,939 shares of the industrial products company's stock after purchasing an additional 2,501 shares during the quarter. Crestwood Advisors Group LLC owned approximately 0.08% of Roper Technologies worth $53,026,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in ROP. MorganRosel Wealth Management LLC acquired a new position in Roper Technologies in the first quarter valued at $27,000. Putney Financial Group LLC acquired a new position in Roper Technologies in the fourth quarter valued at $31,000. Olde Wealth Management LLC acquired a new position in Roper Technologies in the first quarter valued at $31,000. Wayfinding Financial LLC acquired a new position in Roper Technologies in the first quarter valued at $31,000. Finally, Alpine Bank Wealth Management acquired a new position in Roper Technologies in the first quarter valued at $34,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Insider Activity

In related news, Director Richard F. Wallman sold 352 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total transaction of $195,800.00. Following the transaction, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.78% of the company's stock.

Roper Technologies Trading Up 0.7%

Shares of ROP traded up $3.98 on Thursday, hitting $561.00. 190,925 shares of the stock traded hands, compared to its average volume of 618,192. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $60.32 billion, a P/E ratio of 39.16, a P/E/G ratio of 2.77 and a beta of 1.02. The stock's 50 day moving average is $564.72 and its two-hundred day moving average is $562.13. 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 announced its quarterly earnings data 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 net margin of 22.01% and a return on equity of 10.79%. The firm's revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.48 EPS. As a group, sell-side analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 22nd. Investors of record on Tuesday, July 8th were paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Tuesday, July 8th. Roper Technologies's payout ratio is 23.19%.

Analyst Upgrades and Downgrades

ROP has been the topic of a number of recent research reports. Royal Bank Of Canada lifted their price objective on shares of Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a research note on Tuesday. William Blair started coverage on shares of Roper Technologies in a research note on Monday, May 5th. They set an "outperform" rating on the stock. Raymond James Financial reiterated a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. Robert W. Baird boosted their price target on shares of Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research note on Tuesday. Finally, Stifel Nicolaus lowered their target price on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.