Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 15.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,092,529 shares of the industrial products company's stock after buying an additional 147,343 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 1.02% of Roper Technologies worth $567,951,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in Roper Technologies by 7.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 662,033 shares of the industrial products company's stock valued at $368,382,000 after purchasing an additional 45,947 shares during the last quarter. Merit Financial Group LLC purchased a new stake in shares of Roper Technologies during the 4th quarter valued at about $371,000. Ameritas Advisory Services LLC grew its stake in shares of Roper Technologies by 18.6% in the fourth quarter. Ameritas Advisory Services LLC now owns 714 shares of the industrial products company's stock worth $371,000 after acquiring an additional 112 shares during the period. Mountain Pacific Investment Advisers LLC grew its stake in shares of Roper Technologies by 0.5% in the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 87,220 shares of the industrial products company's stock worth $45,341,000 after acquiring an additional 407 shares during the period. Finally, ZWJ Investment Counsel Inc. lifted its position in Roper Technologies by 2.8% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 64,296 shares of the industrial products company's stock valued at $33,424,000 after purchasing an additional 1,743 shares during the period. 93.31% of the stock is owned by hedge funds and other institutional investors.

Roper Technologies Trading Down 0.4%

Shares of ROP traded down $2.04 during trading hours on Friday, reaching $567.03. 375,125 shares of the company traded hands, compared to its average volume of 547,723. The firm has a market cap of $60.96 billion, a price-to-earnings ratio of 39.54, a PEG ratio of 2.77 and a beta of 1.08. Roper Technologies, Inc. has a 12-month low of $499.47 and a 12-month high of $595.17. The company has a current ratio of 0.40, a quick ratio of 0.37 and a debt-to-equity ratio of 0.35. The stock's fifty day moving average price is $565.57 and its 200 day moving average price is $557.42.

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, beating 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%. Roper Technologies's quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the company earned $4.41 earnings per share. Sell-side analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

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 dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 0.58%. The ex-dividend date was Friday, April 4th. Roper Technologies's dividend payout ratio is presently 23.81%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Mizuho set a $600.00 price objective on shares of Roper Technologies in a research report on Friday, May 16th. TD Cowen upgraded shares of Roper Technologies from a "hold" rating to a "buy" rating and increased their price objective for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. William Blair started coverage on shares of Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating on the stock. Oppenheimer reissued an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Finally, Royal Bank of Canada raised their price objective on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $632.36.

Insider Activity at Roper Technologies

In other news, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total transaction of $1,764,570.00. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.87% of the stock is owned by insiders.

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.