Schwartz Investment Counsel Inc. Buys 3,500 Shares of Roper Technologies, Inc. (NYSE:ROP)

Schwartz Investment Counsel Inc. raised its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 112,700 shares of the industrial products company's stock after acquiring an additional 3,500 shares during the quarter. Roper Technologies comprises 2.4% of Schwartz Investment Counsel Inc.'s portfolio, making the stock its 14th largest position. Schwartz Investment Counsel Inc. owned approximately 0.11% of Roper Technologies worth $61,441,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. OFI Invest Asset Management bought a new position in shares of Roper Technologies during the third quarter worth $25,000. Altshuler Shaham Ltd acquired a new stake in Roper Technologies in the 3rd quarter valued at $27,000. Independence Bank of Kentucky acquired a new stake in Roper Technologies in the 4th quarter valued at $31,000. Lee Financial Co acquired a new position in shares of Roper Technologies during the 3rd quarter worth about $34,000. Finally, Compass Wealth Management LLC acquired a new position in shares of Roper Technologies during the 4th quarter worth about $30,000. 93.31% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ROP shares. Wells Fargo & Company boosted their price objective on shares of Roper Technologies from $560.00 to $615.00 and gave the stock an "overweight" rating in a research note on Monday, January 22nd. TD Cowen lowered shares of Roper Technologies from an "outperform" rating to a "market perform" rating and set a $535.00 price objective on the stock. in a research note on Thursday, January 4th. Royal Bank of Canada upped their price target 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. Barclays upped their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. Finally, Mizuho upped their price target 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. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $574.58.

Insider Buying and Selling

In related news, Director Christopher Wright sold 200 shares of the company's stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the transaction, the director now directly owns 35,547 shares in the company, valued at approximately $19,540,541.37. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.94% of the stock is owned by corporate insiders.

Roper Technologies Price Performance

Shares of Roper Technologies stock traded up $0.25 on Tuesday, reaching $543.48. 288,198 shares of the stock were exchanged, compared to its average volume of 493,099. The firm's 50 day moving average is $548.26 and its 200-day moving average is $529.49. Roper Technologies, Inc. has a one year low of $430.03 and a one year high of $565.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.46 and a current ratio of 0.50. The firm has a market cap of $58.16 billion, a PE ratio of 42.16, a P/E/G ratio of 2.86 and a beta of 0.99.

Roper Technologies (NYSE:ROP - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the firm posted $3.92 EPS. The firm's quarterly revenue was up 12.7% on a year-over-year basis. As a group, analysts anticipate that Roper Technologies, Inc. will post 18.07 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Thursday, April 4th. Roper Technologies's dividend payout ratio is 23.27%.

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.