11,704 Shares in Roper Technologies, Inc. (NYSE:ROP) Bought by L & S Advisors Inc

Key Points

• L & S Advisors Inc made a new investment in Roper Technologies, acquiring 11,704 shares valued at approximately $6.9 million.
• Analysts have raised their price targets for Roper Technologies, with a consensus target of $637.18 and a current stock rating of "Moderate Buy".
• Roper Technologies recently declared a quarterly dividend of $0.825 per share, equating to an annualized dividend yield of 0.6%.

L & S Advisors Inc acquired a new stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund acquired 11,704 shares of the industrial products company's stock, valued at approximately $6,900,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ROP. T. Rowe Price Investment Management Inc. raised its stake in shares of Roper Technologies by 42.2% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock valued at $2,678,009,000 after purchasing an additional 1,529,716 shares during the period. GAMMA Investing LLC raised its stake in shares of Roper Technologies by 103,901.5% during the 1st quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company's stock valued at $657,320,000 after purchasing an additional 1,113,824 shares during the period. Marshall Wace LLP raised its stake in shares of Roper Technologies by 15,719.2% during the 4th quarter. Marshall Wace LLP now owns 220,678 shares of the industrial products company's stock valued at $114,719,000 after purchasing an additional 219,283 shares during the period. Pictet Asset Management Holding SA raised its stake in shares of Roper Technologies by 23.3% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,083,549 shares of the industrial products company's stock valued at $638,648,000 after purchasing an additional 205,019 shares during the period. Finally, Voloridge Investment Management LLC raised its stake in shares of Roper Technologies by 172.6% during the 4th quarter. Voloridge Investment Management LLC now owns 257,075 shares of the industrial products company's stock valued at $133,640,000 after purchasing an additional 162,765 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on ROP. Stifel Nicolaus lowered their price target on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Robert W. Baird raised their price target on Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $655.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Royal Bank Of Canada raised their price target on Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $640.00 price target on shares of Roper Technologies in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Roper Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $637.18.

Roper Technologies Trading Down 0.8%

ROP traded down $4.41 on Tuesday, hitting $542.01. 115,722 shares of the company were exchanged, compared to its average volume of 613,221. The firm has a fifty day simple moving average of $561.61 and a two-hundred day simple moving average of $565.24. 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 12 month low of $499.47 and a 12 month high of $595.17. The stock has a market capitalization of $58.27 billion, a PE ratio of 37.80, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99.

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

Roper Technologies Announces Dividend

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

Insider Activity at Roper Technologies

In other news, Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director 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 SEC, which is available through this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were 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 of the company's stock, valued at approximately $21,964,266.44. The trade was a 3.71% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.78% of the company's stock.

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.