Strategic Wealth Partners Ltd. Has $7.92 Million Position in Roper Technologies, Inc. (NYSE:ROP)

Strategic Wealth Partners Ltd. raised its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 4.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,811 shares of the industrial products company's stock after buying an additional 577 shares during the quarter. Strategic Wealth Partners Ltd.'s holdings in Roper Technologies were worth $7,919,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ROP. VSM Wealth Advisory LLC bought a new position in shares of Roper Technologies during the fourth quarter valued at approximately $26,000. CoreFirst Bank & Trust bought a new position in Roper Technologies during the 4th quarter worth $36,000. OFI Invest Asset Management acquired a new stake in Roper Technologies in the fourth quarter worth $38,000. Parvin Asset Management LLC bought a new stake in Roper Technologies in the fourth quarter valued at $39,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its stake in Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock valued at $40,000 after buying an additional 75 shares during the last quarter. Institutional investors own 93.31% of the company's stock.

Roper Technologies Price Performance

Roper Technologies stock traded down $2.26 during midday trading on Tuesday, hitting $578.21. The company's stock had a trading volume of 460,213 shares, compared to its average volume of 548,795. Roper Technologies, Inc. has a 12 month low of $499.47 and a 12 month high of $595.17. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $62.17 billion, a PE ratio of 40.32, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. The stock's 50-day moving average price is $565.82 and its 200-day moving average price is $556.95.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share 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%. During the same quarter last year, the firm posted $4.41 earnings per share. The company's quarterly revenue was up 12.0% on a year-over-year basis. Analysts anticipate that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were given a $0.825 dividend. The ex-dividend date was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. Roper Technologies's payout ratio is 23.81%.

Insiders Place Their Bets

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the transaction, the chief financial officer now directly owns 31,522 shares of the company's stock, valued at $18,540,925.18. This represents a 8.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.78% of the company's stock.

Analyst Ratings Changes

ROP has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price objective on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a report on Friday. Stifel Nicolaus cut their price target on Roper Technologies from $685.00 to $650.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. TD Cowen upgraded Roper Technologies from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $535.00 to $615.00 in a research report on Tuesday, January 28th. Raymond James 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. Finally, Robert W. Baird boosted their price target on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Roper Technologies has an average rating of "Moderate Buy" and an average target price of $632.36.

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.