Natixis Advisors LLC Boosts Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Key Points

• Natixis Advisors LLC has increased its holdings in Roper Technologies by 30.9%, owning a total of 88,626 shares worth approximately $52.25 million as of the latest quarter.
• Roper Technologies recently declared a quarterly dividend of $0.825, representing an annual dividend of $3.30 and a yield of 0.6%.
• Securities analysts have varying ratings on Roper Technologies, with a consensus rating of "Moderate Buy" and an average target price of $637.18.

Natixis Advisors LLC increased its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 30.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 88,626 shares of the industrial products company's stock after purchasing an additional 20,905 shares during the quarter. Natixis Advisors LLC owned approximately 0.08% of Roper Technologies worth $52,252,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. North Star Asset Management Inc. raised its holdings in shares of Roper Technologies by 5.1% during the first quarter. North Star Asset Management Inc. now owns 28,532 shares of the industrial products company's stock valued at $16,822,000 after purchasing an additional 1,380 shares during the period. Baader Bank Aktiengesellschaft raised its holdings in shares of Roper Technologies by 6.1% in the 1st quarter. Baader Bank Aktiengesellschaft now owns 796 shares of the industrial products company's stock worth $464,000 after acquiring an additional 46 shares during the last quarter. Harvest Fund Management Co. Ltd raised its holdings in shares of Roper Technologies by 7.5% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 6,783 shares of the industrial products company's stock worth $3,998,000 after acquiring an additional 472 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Roper Technologies in the 1st quarter worth about $659,000. Finally, Kirtland Hills Capital Management LLC raised its holdings in shares of Roper Technologies by 0.7% in the 1st quarter. Kirtland Hills Capital Management LLC now owns 3,355 shares of the industrial products company's stock worth $1,870,000 after acquiring an additional 22 shares during the last quarter. Institutional investors own 93.31% of the company's stock.

Roper Technologies Trading Down 1.5%

Shares of NYSE ROP traded down $8.29 during trading hours on Friday, hitting $542.11. The company's stock had a trading volume of 497,000 shares, compared to its average volume of 617,792. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The business has a 50-day simple moving average of $562.52 and a 200-day simple moving average of $564.21. The stock has a market cap of $58.28 billion, a price-to-earnings ratio of 37.80, a P/E/G ratio of 2.77 and a beta of 1.02.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 earnings per share (EPS) for the quarter, beating 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%. During the same quarter in the previous year, the company earned $4.48 EPS. Roper Technologies's quarterly revenue was up 13.2% compared to the same quarter last year. On average, analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

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

Insider Activity

In other news, Director Richard F. Wallman sold 352 shares of the company's 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 transaction, the director owned 20,510 shares in the company, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP John K. Stipancich sold 1,500 shares of the company'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 completion of the transaction, the vice president owned 38,932 shares in the company, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ROP shares. Stifel Nicolaus lowered 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. William Blair started coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating on the stock. Oppenheimer restated an "outperform" rating and issued a $640.00 target price on shares of Roper Technologies in a report on Monday, April 28th. Royal Bank Of Canada upped their target price on shares of Roper Technologies from $695.00 to $703.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" 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 given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $637.18.

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.