Russell Investments Group Ltd. Purchases 888 Shares of Roper Technologies, Inc. (NYSE:ROP)

Key Points

• Russell Investments Group Ltd. increased its stake in Roper Technologies by 0.7%, acquiring an additional 888 shares in Q1, bringing its total to 122,761 shares valued at $72.4 million.
• Roper Technologies reported a quarterly EPS of $4.87, surpassing analysts' expectations, with a 13.2% revenue increase year-over-year.
• The company declared a quarterly dividend of $0.825 per share, which will be paid on October 17th, representing a 0.6% dividend yield.

Russell Investments Group Ltd. raised its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 0.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 122,761 shares of the industrial products company's stock after purchasing an additional 888 shares during the quarter. Russell Investments Group Ltd. owned 0.11% of Roper Technologies worth $72,366,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. MorganRosel Wealth Management LLC bought a new position in shares of Roper Technologies in the first quarter worth about $27,000. Putney Financial Group LLC bought a new position in shares of Roper Technologies in the fourth quarter worth about $31,000. Olde Wealth Management LLC bought a new position in shares of Roper Technologies in the first quarter worth about $31,000. Wayfinding Financial LLC bought a new position in shares of Roper Technologies in the first quarter worth about $31,000. Finally, Alpine Bank Wealth Management bought a new position in shares of Roper Technologies in the first quarter worth about $34,000. 93.31% of the stock is currently owned by institutional investors.

Roper Technologies Stock Down 1.5%

Shares of NYSE:ROP opened at $519.50 on Wednesday. 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, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The company has a 50-day moving average price of $557.35 and a 200 day moving average price of $565.10. The company has a market cap of $55.91 billion, a price-to-earnings ratio of 36.23, a PEG ratio of 2.77 and a beta of 0.99.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly 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%. During the same period in the prior year, the business posted $4.48 earnings per share. The company's revenue was up 13.2% compared to the same quarter last year. As a group, equities research analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, October 3rd. Roper Technologies's payout ratio is 23.19%.

Insider Activity at Roper Technologies

In other news, 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 transaction, the vice president owned 38,932 shares of the company's stock, valued at approximately $21,964,266.44. This represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 directly owned 20,510 shares in the company, valued at approximately $11,408,687.50. This represents a 1.69% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Mizuho set a $600.00 price objective on Roper Technologies in a research note on Friday, May 16th. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Robert W. Baird upped their price objective on Roper Technologies from $668.00 to $687.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 22nd. William Blair assumed coverage on Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating for the company. Finally, JPMorgan Chase & Co. upped their price objective on Roper Technologies from $561.00 to $577.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $637.18.

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.

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