Mackenzie Financial Corp Acquires 19,377 Shares of Roper Technologies, Inc. (NYSE:ROP)

Mackenzie Financial Corp lifted its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,165,053 shares of the industrial products company's stock after buying an additional 19,377 shares during the quarter. Mackenzie Financial Corp owned about 1.09% of Roper Technologies worth $605,653,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ROP. Manchester Capital Management LLC grew its holdings in shares of Roper Technologies by 1.6% during the fourth quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company's stock valued at $592,000 after buying an additional 18 shares during the last quarter. Oxford Financial Group LTD. LLC boosted its holdings in shares of Roper Technologies by 3.1% in the fourth quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company's stock worth $309,000 after buying an additional 18 shares during the last quarter. Principal Securities Inc. raised its stake in Roper Technologies by 0.5% during the 4th quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company's stock worth $2,231,000 after acquiring an additional 20 shares during the period. Exchange Capital Management Inc. boosted its stake in Roper Technologies by 0.7% during the fourth quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company's stock worth $1,426,000 after buying an additional 20 shares during the period. Finally, PFG Investments LLC boosted its stake in Roper Technologies by 1.1% during the fourth quarter. PFG Investments LLC now owns 1,946 shares of the industrial products company's stock worth $1,011,000 after buying an additional 21 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Mizuho set a $600.00 price objective on shares of Roper Technologies in a research note on Friday, May 16th. Truist Financial restated a "buy" rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. Robert W. Baird upped their target price on Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a research report on Tuesday, April 29th. Stifel Nicolaus decreased their target price on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. increased their price objective on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $632.36.

Roper Technologies Price Performance

ROP stock traded down $4.86 during midday trading on Thursday, reaching $564.27. 473,742 shares of the company's stock traded hands, compared to its average volume of 631,092. The company has a 50-day simple moving average of $565.26 and a two-hundred day simple moving average of $557.45. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company has a market cap of $60.67 billion, a price-to-earnings ratio of 39.35, a PEG ratio of 2.77 and a beta of 1.08. 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, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. Roper Technologies's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the company posted $4.41 EPS. On average, analysts anticipate 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, April 22nd. Stockholders of record on Friday, April 4th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Friday, April 4th. Roper Technologies's payout ratio is 23.81%.

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.