Mutual of America Capital Management LLC Raises Stake in Roper Technologies, Inc. (NYSE:ROP)

Key Points

• Mutual of America Capital Management LLC increased its holdings in Roper Technologies by 65.0% during the first quarter, owning 21,198 shares valued at about $12.5 million.
• Analysts have a >strong>Moderate Buy rating for Roper Technologies, with an average target price of $637.18 and notable price objectives set by firms like Raymond James and Robert W. Baird.
• Roper Technologies announced a quarterly dividend of $0.825 per share with a yield of 0.6%, payable on October 17th to investors of record as of October 3rd.

Mutual of America Capital Management LLC raised its holdings in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 65.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,198 shares of the industrial products company's stock after acquiring an additional 8,354 shares during the period. Mutual of America Capital Management LLC's holdings in Roper Technologies were worth $12,498,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Arizona State Retirement System raised its position in Roper Technologies by 4.8% during the first quarter. Arizona State Retirement System now owns 32,237 shares of the industrial products company's stock worth $19,006,000 after acquiring an additional 1,483 shares during the period. Ballentine Partners LLC boosted its stake in Roper Technologies by 5.7% during the first quarter. Ballentine Partners LLC now owns 1,757 shares of the industrial products company's stock worth $1,036,000 after buying an additional 95 shares during the period. PYA Waltman Capital LLC purchased a new position in Roper Technologies during the first quarter worth about $7,572,000. Freedom Day Solutions LLC purchased a new position in shares of Roper Technologies in the first quarter valued at approximately $1,808,000. Finally, Xponance Inc. boosted its stake in shares of Roper Technologies by 1.7% in the first quarter. Xponance Inc. now owns 15,583 shares of the industrial products company's stock valued at $9,187,000 after purchasing an additional 266 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on ROP. JPMorgan Chase & Co. raised their target price on shares of Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. Stifel Nicolaus reduced their target price on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Mizuho set a $600.00 target price on shares of Roper Technologies in a report on Friday, May 16th. Finally, Robert W. Baird raised their target price on shares of Roper Technologies from $668.00 to $687.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Roper Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $637.18.

Insiders Place Their Bets

In related news, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction 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 transaction, the vice president directly owned 38,932 shares in the company, valued at $21,964,266.44. This trade represents a 3.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction on 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. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.78% of the company's stock.

Roper Technologies Stock Performance

Shares of Roper Technologies stock traded down $2.33 during trading on Friday, reaching $534.38. The company's stock had a trading volume of 358,734 shares, compared to its average volume of 613,320. The company has a 50-day moving average price of $559.10 and a two-hundred day moving average price of $565.02. The firm has a market cap of $57.51 billion, a PE ratio of 37.26, a P/E/G ratio of 2.77 and a beta of 0.99. Roper Technologies, Inc. has a fifty-two week low of $499.47 and a fifty-two week high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its earnings results on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, beating analysts' consensus estimates 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 quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the business posted $4.48 EPS. On average, analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, October 3rd will be given a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, October 3rd. Roper Technologies's dividend payout ratio (DPR) is 23.19%.

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.