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

Mackenzie Financial Corp grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,165,053 shares of the industrial products company's stock after acquiring an additional 19,377 shares during the quarter. Mackenzie Financial Corp owned about 1.09% of Roper Technologies worth $605,653,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of ROP. VSM Wealth Advisory LLC bought a new stake in Roper Technologies in the 4th quarter worth about $26,000. CoreFirst Bank & Trust bought a new stake in shares of Roper Technologies during the 4th quarter valued at $36,000. Parvin Asset Management LLC bought a new position in Roper Technologies in the 4th quarter worth $39,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 75 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new position in Roper Technologies during the fourth quarter valued at $38,000. 93.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Truist Financial reaffirmed a "buy" rating and set a $675.00 price objective (up from $665.00) on shares of Roper Technologies in a research report on Friday, January 31st. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. JPMorgan Chase & Co. lifted their price objective on Roper Technologies from $470.00 to $561.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. William Blair assumed coverage on Roper Technologies in a research report on Monday, May 5th. They set an "outperform" rating on the stock. Finally, Stifel Nicolaus lowered their price objective 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Price Performance

NYSE:ROP traded up $6.79 during trading hours on Tuesday, reaching $573.82. The stock had a trading volume of 433,655 shares, compared to its average volume of 547,977. 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 52 week low of $499.47 and a 52 week high of $595.17. The company has a 50 day moving average price of $565.35 and a two-hundred day moving average price of $557.26. The stock has a market capitalization of $61.69 billion, a PE ratio of 40.02, a PEG ratio of 2.77 and a beta of 1.08.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The company's quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business posted $4.41 EPS. As a group, sell-side analysts anticipate 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 was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, April 4th. Roper Technologies's dividend payout ratio is currently 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.