Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Waverly Advisors LLC

Waverly Advisors LLC lifted its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 67.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,015 shares of the industrial products company's stock after acquiring an additional 1,613 shares during the period. Waverly Advisors LLC's holdings in Roper Technologies were worth $2,087,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Manchester Capital Management LLC boosted its stake in Roper Technologies by 1.6% during the 4th quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company's stock worth $592,000 after purchasing an additional 18 shares during the last quarter. Oxford Financial Group LTD. LLC boosted its position in Roper Technologies by 3.1% during the fourth quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company's stock worth $309,000 after acquiring an additional 18 shares during the last quarter. Principal Securities Inc. grew its stake in Roper Technologies by 0.5% during the 4th quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company's stock valued at $2,231,000 after acquiring an additional 20 shares in the last quarter. Exchange Capital Management Inc. raised its holdings in Roper Technologies by 0.7% in the 4th quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company's stock valued at $1,426,000 after acquiring an additional 20 shares during the last quarter. Finally, PFG Investments LLC lifted its stake in Roper Technologies by 1.1% in the 4th quarter. PFG Investments LLC now owns 1,946 shares of the industrial products company's stock worth $1,011,000 after purchasing an additional 21 shares in the last quarter. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Jason Conley sold 3,000 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,540,925.18. This trade represents a 8.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.87% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Truist Financial reaffirmed a "buy" rating and issued a $675.00 price target (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. William Blair assumed coverage on Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating on the stock. Stifel Nicolaus dropped their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Barclays restated an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Finally, Robert W. Baird boosted their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the company an "outperform" rating in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Stock Performance

NYSE:ROP opened at $569.07 on Friday. 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 debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40. The company has a 50 day moving average price of $565.76 and a 200 day moving average price of $557.25. The stock has a market capitalization of $61.18 billion, a P/E ratio of 39.68, a PEG ratio of 2.77 and a beta of 1.08.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS for the quarter, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The business's revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $4.41 earnings per share. Equities research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Friday, April 4th. This represents a $3.30 annualized dividend and a dividend yield of 0.58%. Roper Technologies's dividend payout ratio is presently 23.81%.

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.

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