Empirical Financial Services LLC d.b.a. Empirical Wealth Management Invests $887,000 in Roper Technologies, Inc. (NYSE:ROP)

Key Points

• Empirical Financial Services LLC has invested approximately $887,000 in Roper Technologies, acquiring 1,504 shares of the company.
• Institutional investors own around 93.31% of Roper Technologies' stock, indicating strong institutional interest in the company.
• Roper Technologies has a consensus rating of "Moderate Buy" from analysts, with a target price averaging $637.18.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,504 shares of the industrial products company's stock, valued at approximately $887,000.

Other institutional investors also recently modified their holdings of the company. Meridian Financial Partners LLC increased its holdings in Roper Technologies by 0.9% in the first quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company's stock valued at $1,221,000 after purchasing an additional 19 shares during the period. My Legacy Advisors LLC increased its holdings in Roper Technologies by 1.5% in the first quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock valued at $751,000 after purchasing an additional 19 shares during the period. Smith Shellnut Wilson LLC ADV increased its holdings in Roper Technologies by 2.7% in the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock valued at $399,000 after purchasing an additional 20 shares during the period. Tritonpoint Wealth LLC increased its holdings in Roper Technologies by 2.7% in the first quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company's stock valued at $448,000 after purchasing an additional 20 shares during the period. Finally, Winch Advisory Services LLC increased its holdings in Roper Technologies by 2.2% in the first quarter. Winch Advisory Services LLC now owns 944 shares of the industrial products company's stock valued at $557,000 after purchasing an additional 20 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ROP. 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 price target on shares of Roper Technologies in a research report on Friday, May 16th. JPMorgan Chase & Co. upped their price target on shares of Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Raymond James Financial reaffirmed a "strong-buy" rating and set a $655.00 price target on shares of Roper Technologies in a research report on Monday, April 28th. Finally, Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $637.18.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of the transaction, the director directly owned 20,510 shares of the company's stock, valued at $11,408,687.50. This trade represents a 1.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP John K. Stipancich sold 1,500 shares of Roper Technologies 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 sale, the vice president directly owned 38,932 shares of the company's stock, valued at $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is owned by company insiders.

Roper Technologies Trading Down 1.5%

NYSE:ROP opened at $542.11 on Friday. The firm has a 50-day moving average price of $562.03 and a two-hundred day moving average price of $564.43. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. Roper Technologies, Inc. has a 52 week low of $499.47 and a 52 week high of $595.17. The firm has a market cap of $58.28 billion, a price-to-earnings ratio of 37.80, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly 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 net margin of 22.01% and a return on equity of 10.79%. The business's revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter last year, the company posted $4.48 earnings per share. On average, equities analysts expect that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

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

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.

Want to see what other hedge funds are holding ROP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Roper Technologies, Inc. (NYSE:ROP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.