Roper Technologies, Inc. (NYSE:ROP) Shares Acquired by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC grew its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 207,981 shares of the industrial products company's stock after buying an additional 4,144 shares during the period. Chevy Chase Trust Holdings LLC owned 0.19% of Roper Technologies worth $113,385,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in Roper Technologies by 1.0% during the third quarter. Vanguard Group Inc. now owns 9,782,155 shares of the industrial products company's stock worth $4,737,302,000 after purchasing an additional 100,621 shares during the last quarter. State Street Corp boosted its stake in Roper Technologies by 1.7% during the second quarter. State Street Corp now owns 4,369,088 shares of the industrial products company's stock worth $2,100,658,000 after buying an additional 74,241 shares during the period. Morgan Stanley boosted its stake in Roper Technologies by 2.9% during the fourth quarter. Morgan Stanley now owns 3,409,974 shares of the industrial products company's stock worth $1,473,416,000 after buying an additional 95,728 shares during the period. Principal Financial Group Inc. boosted its stake in Roper Technologies by 1.7% during the third quarter. Principal Financial Group Inc. now owns 2,528,982 shares of the industrial products company's stock worth $1,224,736,000 after buying an additional 42,962 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Roper Technologies by 7.3% during the first quarter. Geode Capital Management LLC now owns 1,987,014 shares of the industrial products company's stock worth $873,554,000 after buying an additional 135,524 shares during the period. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction on Monday, March 18th. The shares were sold at an average price of $549.71, for a total value of $109,942.00. Following the transaction, the director now directly owns 35,547 shares of the company's stock, valued at approximately $19,540,541.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.94% of the company's stock.

Roper Technologies Stock Down 1.2 %

ROP stock traded down $6.64 during midday trading on Thursday, reaching $537.28. 447,184 shares of the company were exchanged, compared to its average volume of 500,424. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50. Roper Technologies, Inc. has a 1-year low of $430.03 and a 1-year high of $565.00. The stock's 50-day simple moving average is $548.94 and its 200 day simple moving average is $528.43. The company has a market cap of $57.50 billion, a price-to-earnings ratio of 41.68, a price-to-earnings-growth ratio of 2.88 and a beta of 0.99.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, topping analysts' consensus estimates of $4.34 by $0.03. Roper Technologies had a net margin of 22.41% and a return on equity of 10.63%. The company had revenue of $1.61 billion for the quarter, compared to analysts' expectations of $1.58 billion. During the same quarter last year, the company earned $3.92 earnings per share. The firm's revenue for the quarter was up 12.7% on a year-over-year basis. On average, equities analysts forecast that Roper Technologies, Inc. will post 18.07 earnings per share for the current year.

Roper Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Friday, April 5th will be issued a $0.75 dividend. The ex-dividend date is Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.56%. Roper Technologies's payout ratio is 23.27%.

Wall Street Analysts Forecast Growth

ROP has been the subject of several recent research reports. Mizuho raised their price objective on shares of Roper Technologies from $500.00 to $525.00 and gave the company a "neutral" rating in a research note on Thursday, February 1st. Royal Bank of Canada raised their price objective on shares of Roper Technologies from $620.00 to $622.00 and gave the company an "outperform" rating in a research note on Thursday, February 1st. Wells Fargo & Company raised their price objective on shares of Roper Technologies from $560.00 to $615.00 and gave the company an "overweight" rating in a research note on Monday, January 22nd. Barclays raised their price objective on shares of Roper Technologies from $596.00 to $600.00 and gave the company an "overweight" rating in a research note on Tuesday. Finally, Oppenheimer raised their price objective on shares of Roper Technologies from $580.00 to $650.00 and gave the company an "outperform" rating in a research note on Friday, March 22nd. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $574.58.

Roper Technologies 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.

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