IPG Investment Advisors LLC Buys Shares of 2,271 Roper Technologies, Inc. (NYSE:ROP)

Key Points

• IPG Investment Advisors LLC has acquired a new stake in Roper Technologies, purchasing 2,271 shares valued at approximately $1,339,000 in the 1st quarter.
• Analysts have varied price targets for Roper Technologies, with Robert W. Baird raising its target from $668 to $687, while Stifel Nicolaus lowered its target from $685 to $650.
• Roper Technologies reported a quarterly EPS of $4.87, exceeding analyst expectations, alongside a 13.2% increase in revenue year-over-year.

IPG Investment Advisors LLC purchased a new stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,271 shares of the industrial products company's stock, valued at approximately $1,339,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Meridian Financial Partners LLC increased its holdings in shares of Roper Technologies by 0.9% during the first quarter. Meridian Financial Partners LLC now owns 2,071 shares of the industrial products company's stock worth $1,221,000 after buying an additional 19 shares in the last quarter. My Legacy Advisors LLC grew its holdings in shares of Roper Technologies by 1.5% during the first quarter. My Legacy Advisors LLC now owns 1,273 shares of the industrial products company's stock valued at $751,000 after buying an additional 19 shares during the last quarter. Smith Shellnut Wilson LLC ADV boosted its holdings in Roper Technologies by 2.7% during the fourth quarter. Smith Shellnut Wilson LLC ADV now owns 767 shares of the industrial products company's stock worth $399,000 after purchasing an additional 20 shares during the last quarter. Tritonpoint Wealth LLC raised its position in Roper Technologies by 2.7% in the first quarter. Tritonpoint Wealth LLC now owns 760 shares of the industrial products company's stock worth $448,000 after acquiring an additional 20 shares during the period. Finally, Winch Advisory Services LLC raised its position in shares of 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. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Trading Up 0.7%

ROP stock traded up $3.91 during trading on Wednesday, hitting $541.84. The company had a trading volume of 493,715 shares, compared to its average volume of 616,324. The firm has a market capitalization of $58.26 billion, a P/E ratio of 37.79, a PEG ratio of 2.77 and a beta of 0.99. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The company has a 50 day simple moving average of $560.90 and a 200-day simple moving average of $565.05. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly 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%. The firm's revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm posted $4.48 EPS. As a group, research analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

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 paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.6%. Roper Technologies's dividend payout ratio (DPR) is presently 23.19%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Truist Financial boosted their price target on shares of Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada increased their price target on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. Oppenheimer reiterated an "outperform" rating and issued a $640.00 price target on shares of Roper Technologies in a research note on Monday, April 28th. William Blair began coverage on shares of Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating on the stock. Finally, Mizuho set a $600.00 target price on shares of Roper Technologies in a research report on Friday, May 16th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $637.18.

Insider Buying and Selling

In related news, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction that occurred 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 sale, the director directly owned 20,510 shares in the company, valued at $11,408,687.50. This trade represents a 1.69% decrease in their position. The transaction 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 the firm's stock in a transaction that occurred 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 transaction, 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.

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.