HB Wealth Management LLC Acquires 1,519 Shares of Roper Technologies, Inc. (NYSE:ROP)

Key Points

• HB Wealth Management LLC increased its holdings in Roper Technologies by 46% during the first quarter, acquiring an additional 1,519 shares to bring its total ownership to 4,822 shares valued at approximately $2.84 million.
• Several institutional investors, including JPMorgan Chase & Co., made significant adjustments to their positions in Roper Technologies, leading to 93.31% of the company's stock being owned by institutional investors.
• Roper Technologies announced a quarterly dividend of $0.825 per share, which reflects an annualized dividend of $3.30 and a yield of 0.59%.

HB Wealth Management LLC raised its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 46.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 4,822 shares of the industrial products company's stock after acquiring an additional 1,519 shares during the quarter. HB Wealth Management LLC's holdings in Roper Technologies were worth $2,843,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ROP. T. Rowe Price Investment Management Inc. increased its position in shares of 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 worth $2,678,009,000 after buying an additional 1,529,716 shares during the period. Geode Capital Management LLC increased its position in shares of Roper Technologies by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,476,210 shares of the industrial products company's stock worth $1,284,242,000 after buying an additional 29,184 shares during the period. Invesco Ltd. increased its position in shares of Roper Technologies by 2.2% during the fourth quarter. Invesco Ltd. now owns 1,490,212 shares of the industrial products company's stock worth $774,687,000 after buying an additional 31,531 shares during the period. Mackenzie Financial Corp increased its position in shares of 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 worth $605,653,000 after buying an additional 19,377 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of 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 worth $657,320,000 after buying an additional 1,113,824 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Roper Technologies Stock Up 0.2%

NYSE:ROP traded up $1.26 on Thursday, hitting $553.60. The stock had a trading volume of 288,642 shares, compared to its average volume of 615,379. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. The firm's fifty day simple moving average is $562.90 and its two-hundred day simple moving average is $563.92. 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 cap of $59.52 billion, a P/E ratio of 38.64, a price-to-earnings-growth ratio of 2.77 and a beta of 1.02.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its earnings results on Monday, July 21st. The industrial products company reported $4.87 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%. During the same quarter in the previous year, the company posted $4.48 EPS. The business's revenue was up 13.2% compared to the same quarter last year. Analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 22nd. Shareholders of record on Tuesday, July 8th were given a dividend of $0.825 per share. The ex-dividend date was Tuesday, July 8th. This represents a $3.30 annualized dividend and a dividend yield of 0.60%. Roper Technologies's dividend payout ratio is currently 23.19%.

Wall Street Analyst Weigh In

ROP has been the subject of several recent analyst reports. Oppenheimer reiterated an "outperform" rating and set a $640.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Truist Financial raised their price target on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Raymond James Financial restated a "strong-buy" rating and issued a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. William Blair started coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating for the company. Finally, JPMorgan Chase & Co. raised their price target 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 investment 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 stock. According to MarketBeat, Roper Technologies has an average rating of "Moderate Buy" and a consensus target price of $637.18.

Insider Activity at Roper Technologies

In other Roper Technologies news, VP John K. Stipancich sold 1,500 shares of the business's stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $564.17, for a total value of $846,255.00. Following the transaction, the vice president directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard F. Wallman sold 352 shares of the business's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $556.25, for a total transaction of $195,800.00. Following the completion of the transaction, the director owned 20,510 shares in the company, valued at approximately $11,408,687.50. The trade was a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.87% of the stock is owned by company insiders.

About Roper Technologies

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.