Roper Technologies, Inc. (NYSE:ROP) Holdings Raised by NorthRock Partners LLC

NorthRock Partners LLC raised its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 68.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,076 shares of the industrial products company's stock after purchasing an additional 438 shares during the period. NorthRock Partners LLC's holdings in Roper Technologies were worth $559,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased 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 worth $368,382,000 after purchasing an additional 45,947 shares in the last quarter. SeaCrest Wealth Management LLC raised its position in shares of Roper Technologies by 5.9% in the fourth quarter. SeaCrest Wealth Management LLC now owns 433 shares of the industrial products company's stock valued at $225,000 after buying an additional 24 shares during the last quarter. RDA Financial Network raised its position in shares of Roper Technologies by 20.0% in the fourth quarter. RDA Financial Network now owns 2,433 shares of the industrial products company's stock valued at $1,265,000 after buying an additional 405 shares during the last quarter. Merit Financial Group LLC acquired a new position in shares of Roper Technologies in the fourth quarter valued at approximately $371,000. Finally, Brooklyn Investment Group raised its position in shares of Roper Technologies by 6.9% in the fourth quarter. Brooklyn Investment Group now owns 895 shares of the industrial products company's stock valued at $465,000 after buying an additional 58 shares during the last quarter. Institutional investors and hedge funds own 93.31% of the company's stock.

Insiders Place Their Bets

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of Roper Technologies 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 sale, 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 through the SEC website. 0.78% of the stock is owned by company insiders.

Roper Technologies Stock Down 0.4%

Shares of NYSE:ROP traded down $2.26 during mid-day trading on Tuesday, hitting $578.21. 460,213 shares of the company traded hands, compared to its average volume of 549,708. The firm has a market cap of $62.17 billion, a P/E ratio of 40.32, a PEG ratio of 2.77 and a beta of 1.08. 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, Inc. has a 52-week low of $499.47 and a 52-week high of $595.17. The firm's 50 day simple moving average is $565.52 and its 200 day simple moving average is $556.80.

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 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 in the prior year, the firm posted $4.41 EPS. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities analysts anticipate that Roper Technologies, Inc. will post 19.96 EPS for the current year.

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were issued a dividend of $0.825 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $3.30 annualized dividend and a yield of 0.57%. Roper Technologies's dividend payout ratio is presently 23.81%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Truist Financial reissued a "buy" rating and issued a $675.00 price target (up from $665.00) on shares of Roper Technologies in a research note on Friday, January 31st. William Blair assumed coverage on Roper Technologies in a research note on Monday, May 5th. They issued an "outperform" rating on the stock. Mizuho set a $600.00 price target on Roper Technologies in a research note on Friday. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and raised their price target for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Finally, Robert W. Baird raised their price target on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.