Fiduciary Family Office LLC Takes $331,000 Position in Roper Technologies, Inc. (NYSE:ROP)

Key Points

• Fiduciary Family Office LLC has acquired a new position in Roper Technologies, Inc., purchasing 562 shares valued at approximately $331,000.
• Roper Technologies has received various ratings from analysts, with one sell rating, two hold ratings, and eight buy ratings, resulting in an overall average rating of "Moderate Buy".
• The company recently announced a quarterly dividend of $0.825 per share, with a payout ratio of 23.19%, scheduled for payment on October 17th.

Fiduciary Family Office LLC purchased a new position in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 562 shares of the industrial products company's stock, valued at approximately $331,000.

Other hedge funds have also made changes to their positions in the company. CWA Asset Management Group LLC lifted its holdings in shares of Roper Technologies by 8.6% in the 1st quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company's stock worth $453,000 after purchasing an additional 61 shares during the last quarter. Freedom Day Solutions LLC bought a new stake in shares of Roper Technologies in the 1st quarter worth approximately $1,808,000. Tandem Investment Advisors Inc. lifted its holdings in shares of Roper Technologies by 49.9% in the 1st quarter. Tandem Investment Advisors Inc. now owns 98,229 shares of the industrial products company's stock worth $57,914,000 after purchasing an additional 32,694 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Roper Technologies by 76.4% in the 1st quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company's stock worth $1,115,000 after purchasing an additional 819 shares during the last quarter. Finally, Legacy Advisors LLC bought a new stake in Roper Technologies during the 1st quarter valued at $264,000. Institutional investors own 93.31% of the company's stock.

Insiders Place Their Bets

In related news, Director Richard F. Wallman sold 352 shares of Roper Technologies 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 transaction, the director directly owned 20,510 shares in the company, valued at $11,408,687.50. The trade was a 1.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through 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 value of $846,255.00. Following the completion of the transaction, the vice president owned 38,932 shares in the company, valued at $21,964,266.44. The trade was 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 Price Performance

Shares of ROP traded up $3.03 during midday trading on Wednesday, reaching $522.53. The stock had a trading volume of 1,105,812 shares, compared to its average volume of 617,301. 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. The firm's 50 day moving average price is $557.35 and its 200-day moving average price is $565.10. The company has a market capitalization of $56.23 billion, a P/E ratio of 36.44, a P/E/G ratio of 2.77 and a beta of 0.99.

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

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be issued 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 payout ratio is presently 23.19%.

Wall Street Analysts Forecast Growth

ROP has been the topic of several recent analyst reports. Mizuho set a $600.00 target price on Roper Technologies in a research note on Friday, May 16th. Raymond James Financial reaffirmed a "strong-buy" rating and set a $655.00 target price on shares of Roper Technologies in a research note on Monday, April 28th. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Stifel Nicolaus cut their target price on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Finally, William Blair initiated coverage on Roper Technologies in a research note on Monday, May 5th. They set an "outperform" rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average 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.