Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by SFE Investment Counsel

SFE Investment Counsel raised its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 10.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 10,278 shares of the industrial products company's stock after purchasing an additional 975 shares during the quarter. SFE Investment Counsel's holdings in Roper Technologies were worth $6,060,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Carnegie Investment Counsel acquired a new stake in shares of Roper Technologies during the 1st quarter worth approximately $480,000. Pinnacle Associates Ltd. grew its position in shares of Roper Technologies by 5.9% during the 1st quarter. Pinnacle Associates Ltd. now owns 1,382 shares of the industrial products company's stock worth $815,000 after buying an additional 77 shares during the period. Roundview Capital LLC grew its position in shares of Roper Technologies by 7.3% during the 1st quarter. Roundview Capital LLC now owns 4,366 shares of the industrial products company's stock worth $2,574,000 after buying an additional 298 shares during the period. Venturi Wealth Management LLC grew its position in shares of Roper Technologies by 10.7% during the 1st quarter. Venturi Wealth Management LLC now owns 2,277 shares of the industrial products company's stock worth $1,342,000 after buying an additional 221 shares during the period. Finally, Somerville Kurt F acquired a new stake in shares of Roper Technologies during the 1st quarter worth approximately $238,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ROP shares. Stifel Nicolaus reduced their price target on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a report on Monday, April 28th. William Blair initiated coverage on Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating for the company. Oppenheimer restated an "outperform" rating and issued a $640.00 target price on shares of Roper Technologies in a research report on Monday, April 28th. Finally, Raymond James Financial restated a "strong-buy" rating and issued a $655.00 target price on shares of Roper Technologies in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $637.18.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Richard F. Wallman sold 352 shares of the business'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 sale, the director owned 20,510 shares in the company, valued at approximately $11,408,687.50. The trade was a 1.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John K. Stipancich sold 1,500 shares of the business'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 sale, the vice president owned 38,932 shares in the company, valued at approximately $21,964,266.44. The trade was a 3.71% decrease in their position. The disclosure for this sale can be found here. 0.78% of the stock is owned by insiders.

Roper Technologies Stock Up 0.6%

NYSE ROP traded up $3.34 on Thursday, reaching $560.36. 544,538 shares of the stock traded hands, compared to its average volume of 620,823. 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 fifty day moving average price of $564.44 and a 200-day moving average price of $562.49. The company has a market cap of $60.25 billion, a price-to-earnings ratio of 39.08, a PEG ratio of 2.77 and a beta of 1.02. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The industrial products company reported $4.87 EPS for the quarter, topping the consensus estimate of $4.83 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. The company's quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the business posted $4.48 earnings per share. As a group, research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The firm also recently announced 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 was Tuesday, July 8th. This represents a $3.30 annualized dividend and a yield of 0.59%. Roper Technologies's dividend payout ratio (DPR) is 23.19%.

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.