Vanguard Group Inc. Boosts Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

Key Points

• Vanguard Group Inc. increased its stake in Roper Technologies, owning 10,717,253 shares, which are valued at approximately $6.32 billion.
• Roper Technologies reported $4.87 EPS for the last quarter, exceeding analysts' expectations and showing a 13.2% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.825, reflecting a 0.6% yield and a dividend payout ratio of 23.19%.

Vanguard Group Inc. lifted its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,717,253 shares of the industrial products company's stock after acquiring an additional 142,150 shares during the period. Vanguard Group Inc. owned 9.97% of Roper Technologies worth $6,318,678,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. CWA Asset Management Group LLC increased its holdings in Roper Technologies by 8.6% in the 1st quarter. CWA Asset Management Group LLC now owns 768 shares of the industrial products company's stock valued at $453,000 after acquiring an additional 61 shares during the last quarter. Freedom Day Solutions LLC bought a new position in Roper Technologies during the first quarter valued at approximately $1,808,000. Tandem Investment Advisors Inc. boosted its stake in Roper Technologies by 49.9% during the first quarter. Tandem Investment Advisors Inc. now owns 98,229 shares of the industrial products company's stock valued at $57,914,000 after buying an additional 32,694 shares during the last quarter. GAMMA Investing LLC boosted its stake in Roper Technologies by 76.4% during the first quarter. GAMMA Investing LLC now owns 1,891 shares of the industrial products company's stock valued at $1,115,000 after buying an additional 819 shares during the last quarter. Finally, Legacy Advisors LLC bought a new position in Roper Technologies during the first quarter valued at approximately $264,000. Institutional investors own 93.31% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on ROP shares. Mizuho set a $600.00 price target on Roper Technologies in a research note on Friday, May 16th. Truist Financial increased their price target on Roper Technologies from $675.00 to $685.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Raymond James Financial restated a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. increased their target price on Roper Technologies from $561.00 to $577.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $637.18.

Insider Transactions at Roper Technologies

In related news, Director Richard F. Wallman sold 352 shares of Roper Technologies stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $556.25, for a total value of $195,800.00. Following the completion of the transaction, the director owned 20,510 shares in the company, valued at $11,408,687.50. The trade was a 1.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John K. Stipancich sold 1,500 shares of Roper Technologies stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $564.17, for a total value of $846,255.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.78% of the company's stock.

Roper Technologies Stock Performance

ROP traded down $2.33 on Friday, reaching $534.38. 358,734 shares of the stock were exchanged, compared to its average volume of 613,320. The company's 50-day moving average price is $559.10 and its 200 day moving average price is $565.23. 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 current ratio of 0.40 and a quick ratio of 0.37. The firm has a market capitalization of $57.51 billion, a PE ratio of 37.26, a PEG ratio of 2.77 and a beta of 0.99.

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

Roper Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be paid a dividend of $0.825 per share. The ex-dividend date is Friday, October 3rd. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.6%. Roper Technologies's dividend payout ratio (DPR) is presently 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.