International Assets Investment Management LLC Grows Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

International Assets Investment Management LLC boosted its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 63,186.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,161 shares of the industrial products company's stock after purchasing an additional 53,077 shares during the quarter. International Assets Investment Management LLC's holdings in Roper Technologies were worth $28,982,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. OFI Invest Asset Management purchased a new position in Roper Technologies during the 3rd quarter worth $25,000. Altshuler Shaham Ltd bought a new stake in Roper Technologies during the 3rd quarter valued at $27,000. Compass Wealth Management LLC bought a new stake in Roper Technologies during the 4th quarter valued at $30,000. Fortis Capital Advisors LLC bought a new stake in Roper Technologies during the 4th quarter valued at $30,000. Finally, Independence Bank of Kentucky bought a new stake in Roper Technologies during the 4th quarter valued at $31,000. 93.31% of the stock is currently owned by hedge funds and other institutional investors.

Roper Technologies Stock Performance

ROP traded down $7.49 on Wednesday, reaching $535.99. 454,622 shares of the stock were exchanged, compared to its average volume of 492,938. The company's 50-day moving average price is $547.90 and its 200 day moving average price is $529.83. The firm has a market capitalization of $57.36 billion, a PE ratio of 41.58, a PEG ratio of 2.86 and a beta of 0.99. Roper Technologies, Inc. has a fifty-two week low of $430.03 and a fifty-two week high of $565.00. 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 released its quarterly earnings data on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share for the quarter, beating analysts' consensus estimates of $4.34 by $0.03. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.58 billion. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The company's revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $3.92 EPS. As a group, sell-side analysts forecast that Roper Technologies, Inc. will post 18.07 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Friday, April 5th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend 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 currently 23.27%.

Insider Buying and Selling at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction dated Monday, March 18th. The stock was 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 owns 35,547 shares in the company, valued at approximately $19,540,541.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.94% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ROP shares. Wells Fargo & Company raised their price objective on Roper Technologies from $560.00 to $615.00 and gave the stock an "overweight" rating in a research report on Monday, January 22nd. Royal Bank of Canada raised their price objective on Roper Technologies from $620.00 to $622.00 and gave the stock an "outperform" rating in a research report on Thursday, February 1st. Mizuho raised their price objective on Roper Technologies from $500.00 to $525.00 and gave the stock a "neutral" rating in a research report on Thursday, February 1st. Oppenheimer raised their price objective on Roper Technologies from $580.00 to $650.00 and gave the stock an "outperform" rating in a research report on Friday, March 22nd. Finally, Raymond James raised their price objective on Roper Technologies from $572.00 to $620.00 and gave the stock a "strong-buy" rating in a research report on Friday, February 2nd. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Roper Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $574.58.

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.