LGT Financial Advisors LLC Acquires Shares of 450 Roper Technologies, Inc. (NYSE:ROP)

LGT Financial Advisors LLC purchased a new stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 450 shares of the industrial products company's stock, valued at approximately $234,000.

Several other institutional investors have also modified their holdings of the business. VSM Wealth Advisory LLC bought a new stake in shares of Roper Technologies in the 4th quarter worth approximately $26,000. CoreFirst Bank & Trust acquired a new stake in Roper Technologies during the 4th quarter valued at $36,000. OFI Invest Asset Management purchased a new position in shares of Roper Technologies during the 4th quarter valued at $38,000. Parvin Asset Management LLC bought a new position in shares of Roper Technologies during the 4th quarter valued at $39,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its position in Roper Technologies by 7,500.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock worth $40,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 93.31% of the company's stock.

Insiders Place Their Bets

In other news, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction dated 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 in the company, valued at $18,540,925.18. The trade was a 8.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Brandon L. Cross sold 750 shares of the firm's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $577.83, for a total transaction of $433,372.50. Following the completion of the sale, the vice president now owns 1,329 shares of the company's stock, valued at $767,936.07. This trade represents a 36.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.87% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Raymond James reissued a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a research report on Monday, April 28th. Royal Bank of Canada increased their price objective on Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research report on Tuesday. Robert W. Baird boosted their target price on shares of Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research report on Tuesday. Oppenheimer reissued an "outperform" rating and issued a $640.00 price target on shares of Roper Technologies in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. increased their target price on shares of Roper Technologies from $465.00 to $470.00 and gave the company a "neutral" rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $620.91.

Roper Technologies Price Performance

NYSE ROP traded up $8.45 during trading on Friday, reaching $566.04. 556,040 shares of the company traded hands, compared to its average volume of 548,329. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company has a market cap of $60.86 billion, a price-to-earnings ratio of 39.47, a P/E/G ratio of 2.77 and a beta of 1.04. The stock's 50 day moving average price is $566.81 and its two-hundred day moving average price is $554.74. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.37 and a current ratio of 0.40.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS 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%. During the same period last year, the business posted $4.41 EPS. The company's revenue was up 12.0% compared to the same quarter last year. As a group, analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were given a $0.825 dividend. This represents a $3.30 annualized dividend and a yield of 0.58%. The ex-dividend date was Friday, April 4th. Roper Technologies's payout ratio is presently 23.81%.

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.