Guardian Wealth Advisors LLC NC Buys 604 Shares of Roper Technologies, Inc. (NYSE:ROP)

Guardian Wealth Advisors LLC NC boosted its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 15.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,572 shares of the industrial products company's stock after purchasing an additional 604 shares during the period. Guardian Wealth Advisors LLC NC's holdings in Roper Technologies were worth $2,377,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ROP. Signal Advisors Wealth LLC raised its position in Roper Technologies by 42.0% during the 4th quarter. Signal Advisors Wealth LLC now owns 5,816 shares of the industrial products company's stock worth $3,023,000 after purchasing an additional 1,719 shares during the last quarter. Plato Investment Management Ltd boosted its holdings in Roper Technologies by 41.4% in the fourth quarter. Plato Investment Management Ltd now owns 4,036 shares of the industrial products company's stock valued at $2,106,000 after acquiring an additional 1,182 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Roper Technologies by 20.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,353 shares of the industrial products company's stock valued at $25,656,000 after purchasing an additional 8,415 shares during the period. Smith Salley Wealth Management raised its holdings in Roper Technologies by 1.4% during the 4th quarter. Smith Salley Wealth Management now owns 34,866 shares of the industrial products company's stock worth $18,125,000 after purchasing an additional 481 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in shares of Roper Technologies by 19.3% in the 4th quarter. Oppenheimer & Co. Inc. now owns 6,298 shares of the industrial products company's stock worth $3,274,000 after purchasing an additional 1,021 shares during the period. Institutional investors and hedge funds own 93.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ROP. TD Cowen raised shares of Roper Technologies from a "hold" rating to a "buy" rating and upped their price target for the company from $535.00 to $615.00 in a research report on Tuesday, January 28th. Oppenheimer reiterated an "outperform" rating and issued a $640.00 target price on shares of Roper Technologies in a report on Monday, April 28th. William Blair began coverage on Roper Technologies in a report on Monday, May 5th. They set an "outperform" rating on the stock. Barclays reiterated an "underweight" rating on shares of Roper Technologies in a research note on Monday, April 28th. Finally, Truist Financial reissued a "buy" rating and set a $675.00 target price (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $620.91.

Insiders Place Their Bets

In other news, CFO Jason Conley sold 3,000 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,540,925.18. This represents a 8.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.78% of the company's stock.

Roper Technologies Stock Performance

Shares of NYSE ROP traded up $5.13 during midday trading on Tuesday, reaching $580.97. The company's stock had a trading volume of 63,924 shares, compared to its average volume of 548,729. 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 stock has a market capitalization of $62.46 billion, a P/E ratio of 40.51, a PEG ratio of 2.77 and a beta of 1.08. The firm has a 50 day moving average price of $565.61 and a 200-day moving average price of $555.68. 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 posted its quarterly earnings data on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.74 by $0.04. Roper Technologies had a net margin of 22.01% and a return on equity of 10.79%. During the same quarter in the prior year, the firm earned $4.41 earnings per share. Roper Technologies's quarterly revenue was up 12.0% on a year-over-year basis. As a group, equities analysts predict that Roper Technologies, Inc. will post 19.96 earnings per share for the current year.

Roper Technologies Announces Dividend

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

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.