Rathbones Group PLC Acquires 27,309 Shares of Roper Technologies, Inc. (NYSE:ROP)

Key Points

• Rathbones Group PLC increased its stake in Roper Technologies, Inc. by 26.1% to a total of 131,927 shares, valued at approximately $77.78 million, according to the latest SEC filing.
• Roper Technologies reported $4.87 earnings per share (EPS) for the last quarter, exceeding analysts' expectations of $4.83 EPS, alongside a 13.2% revenue increase year-over-year.
• The company announced a quarterly dividend of $0.825 per share to be paid on October 17, which represents a 0.6% yield and a dividend payout ratio of 23.19%.

Rathbones Group PLC increased its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 26.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 131,927 shares of the industrial products company's stock after purchasing an additional 27,309 shares during the period. Rathbones Group PLC owned approximately 0.12% of Roper Technologies worth $77,782,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Roper Technologies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 10,717,253 shares of the industrial products company's stock valued at $6,318,678,000 after purchasing an additional 142,150 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Roper Technologies by 42.2% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 5,151,502 shares of the industrial products company's stock worth $2,678,009,000 after purchasing an additional 1,529,716 shares in the last quarter. Nuveen LLC bought a new stake in shares of Roper Technologies in the 1st quarter valued at about $894,764,000. Mackenzie Financial Corp grew its position in shares of Roper Technologies by 1.7% in the 4th quarter. Mackenzie Financial Corp now owns 1,165,053 shares of the industrial products company's stock valued at $605,653,000 after buying an additional 19,377 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Roper Technologies by 103,901.5% in the 1st quarter. GAMMA Investing LLC now owns 1,114,896 shares of the industrial products company's stock valued at $657,320,000 after buying an additional 1,113,824 shares during the last quarter. 93.31% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Roper Technologies

In other news, Director Richard F. Wallman sold 352 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total transaction of $195,800.00. Following the transaction, the director directly owned 20,510 shares of the company's stock, valued at approximately $11,408,687.50. This trade represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP John K. Stipancich sold 1,500 shares of the firm's stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. 0.78% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ROP shares. JPMorgan Chase & Co. boosted 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. Stifel Nicolaus decreased their price objective on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. William Blair assumed coverage on Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating for the company. Royal Bank Of Canada upped their target price on Roper Technologies from $695.00 to $703.00 and gave the company an "outperform" rating in a report on Tuesday, July 22nd. Finally, Truist Financial increased their price objective on Roper Technologies from $675.00 to $685.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $637.18.

Roper Technologies Price Performance

Shares of ROP stock traded up $3.03 on Wednesday, reaching $522.53. The company's stock had a trading volume of 1,105,813 shares, compared to its average volume of 617,344. 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, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The company has a market capitalization of $56.23 billion, a P/E ratio of 36.44, a PEG ratio of 2.77 and a beta of 0.99. The stock's 50 day simple moving average is $556.44 and its 200-day simple moving average is $564.81.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results 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 return on equity of 10.79% and a net margin of 22.01%. During the same quarter in the prior year, the business earned $4.48 EPS. The firm's revenue for the quarter was up 13.2% on a year-over-year basis. As a group, equities analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

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

Roper Technologies Company 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.