Raub Brock Capital Management LP Has $17.95 Million Stake in Roper Technologies, Inc. (NYSE:ROP)

Raub Brock Capital Management LP lessened its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 19.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,930 shares of the industrial products company's stock after selling 7,916 shares during the period. Roper Technologies accounts for approximately 3.8% of Raub Brock Capital Management LP's investment portfolio, making the stock its 14th largest holding. Raub Brock Capital Management LP's holdings in Roper Technologies were worth $17,952,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC grew its stake in shares of Roper Technologies by 68,873.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 1,724,328 shares of the industrial products company's stock worth $745,065,000 after acquiring an additional 1,721,828 shares during the last quarter. Norges Bank purchased a new stake in shares of Roper Technologies during the fourth quarter worth about $497,958,000. CI Private Wealth LLC purchased a new stake in shares of Roper Technologies during the fourth quarter worth about $245,541,000. Durable Capital Partners LP grew its stake in shares of Roper Technologies by 51.3% during the first quarter. Durable Capital Partners LP now owns 1,395,525 shares of the industrial products company's stock worth $659,009,000 after acquiring an additional 473,168 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of Roper Technologies by 26.3% during the second quarter. Nuveen Asset Management LLC now owns 1,151,511 shares of the industrial products company's stock worth $553,646,000 after acquiring an additional 239,623 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Insider Buying and Selling

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the company's stock in a transaction on Monday, March 18th. The stock was sold at an average price of $549.71, for a total value of $109,942.00. Following the completion of the sale, the director now directly owns 35,547 shares in the company, valued at approximately $19,540,541.37. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.94% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Barclays lifted their target price on Roper Technologies from $596.00 to $600.00 and gave the stock an "overweight" rating in a report on Tuesday, April 2nd. TD Cowen downgraded Roper Technologies from an "outperform" rating to a "market perform" rating and set a $535.00 target price for the company. in a report on Thursday, January 4th. Royal Bank of Canada lifted their target price on Roper Technologies from $620.00 to $622.00 and gave the stock an "outperform" rating in a report on Thursday, February 1st. Raymond James lifted their target price on Roper Technologies from $572.00 to $620.00 and gave the stock a "strong-buy" rating in a report on Friday, February 2nd. Finally, Oppenheimer lifted their target price on Roper Technologies from $580.00 to $650.00 and gave the stock an "outperform" rating in a report on Friday, March 22nd. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $574.58.

Roper Technologies Stock Performance

NYSE:ROP traded up $5.73 during trading hours on Friday, reaching $543.01. The company had a trading volume of 334,498 shares, compared to its average volume of 452,357. Roper Technologies, Inc. has a 1-year low of $430.03 and a 1-year high of $565.00. The firm has a market cap of $58.11 billion, a PE ratio of 42.13, a price-to-earnings-growth ratio of 2.86 and a beta of 0.99. The business's 50 day moving average price is $548.51 and its 200-day moving average price is $529.15. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.50 and a quick ratio of 0.46.

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

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Friday, April 5th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Thursday, April 4th. Roper Technologies's payout ratio is 23.27%.

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.