North Star Asset Management Inc. Boosts Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

North Star Asset Management Inc. raised its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 5.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 28,532 shares of the industrial products company's stock after purchasing an additional 1,380 shares during the quarter. North Star Asset Management Inc.'s holdings in Roper Technologies were worth $16,822,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Baader Bank Aktiengesellschaft lifted its holdings in Roper Technologies by 6.1% in the first quarter. Baader Bank Aktiengesellschaft now owns 796 shares of the industrial products company's stock worth $464,000 after buying an additional 46 shares during the period. Harvest Fund Management Co. Ltd raised its position 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 in the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Roper Technologies in the 1st quarter valued at approximately $659,000. Kirtland Hills Capital Management LLC boosted its position in shares of Roper Technologies by 0.7% during the first quarter. Kirtland Hills Capital Management LLC now owns 3,355 shares of the industrial products company's stock valued at $1,870,000 after purchasing an additional 22 shares in the last quarter. Finally, Meeder Advisory Services Inc. grew its stake in Roper Technologies by 23.4% in the first quarter. Meeder Advisory Services Inc. now owns 3,112 shares of the industrial products company's stock worth $1,835,000 after purchasing an additional 591 shares during the period. Hedge funds and other institutional investors own 93.31% of the company's stock.

Roper Technologies Stock Down 1.5%

Shares of ROP stock traded down $8.29 during mid-day trading 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. The business has a 50-day moving average price of $562.03 and a 200 day moving average price of $564.43. 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 stock has a market cap of $58.28 billion, a price-to-earnings ratio of 37.80, a PEG ratio of 2.77 and a beta of 1.02. Roper Technologies, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17.

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

Roper Technologies Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ROP shares. Oppenheimer reaffirmed an "outperform" rating and issued a $640.00 target price on shares of Roper Technologies in a research report on Monday, April 28th. Stifel Nicolaus cut their price objective 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 initiated coverage on shares of Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating for the company. Mizuho set a $600.00 price target on Roper Technologies in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. lifted their price objective on Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a sell rating, two have assigned 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, the stock presently has an average rating of "Moderate Buy" and an average price target of $637.18.

Insider Activity

In related news, VP John K. Stipancich sold 1,500 shares of the business'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 transaction of $846,255.00. Following the completion of the sale, the vice president directly owned 38,932 shares in the company, valued at approximately $21,964,266.44. The trade was a 3.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Richard F. Wallman sold 352 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The stock was 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 $11,408,687.50. The trade was 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 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.