Roper Technologies, Inc. (NYSE:ROP) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 45.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 896,909 shares of the industrial products company's stock after acquiring an additional 280,873 shares during the period. Mackenzie Financial Corp owned 0.84% of Roper Technologies worth $488,968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ROP. Lord Abbett & CO. LLC lifted its holdings in shares of Roper Technologies by 1.7% during the first quarter. Lord Abbett & CO. LLC now owns 27,664 shares of the industrial products company's stock worth $13,064,000 after purchasing an additional 463 shares during the period. Prudential PLC purchased a new position in Roper Technologies during the 1st quarter worth approximately $1,038,000. Cetera Investment Advisers lifted its stake in Roper Technologies by 0.8% during the 1st quarter. Cetera Investment Advisers now owns 3,916 shares of the industrial products company's stock valued at $1,849,000 after acquiring an additional 30 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in shares of Roper Technologies in the 1st quarter valued at $367,000. Finally, Candriam Luxembourg S.C.A. increased its stake in shares of Roper Technologies by 432.2% in the first quarter. Candriam Luxembourg S.C.A. now owns 37,205 shares of the industrial products company's stock worth $17,569,000 after acquiring an additional 30,214 shares during the period. Hedge funds and other institutional investors own 93.31% of the company's stock.

Insider Activity

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the firm'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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.94% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ROP shares. TD Cowen lowered shares of Roper Technologies from an "outperform" rating to a "market perform" rating and set a $535.00 price target on the stock. in a report on Thursday, January 4th. Royal Bank of Canada raised 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. Wells Fargo & Company lifted their price target on Roper Technologies from $560.00 to $615.00 and gave the company an "overweight" rating in a research report on Monday, January 22nd. Barclays upped their price objective on Roper Technologies from $596.00 to $600.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 2nd. Finally, Raymond James lifted their target price on shares of Roper Technologies from $572.00 to $620.00 and gave the company a "strong-buy" rating in a 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Roper Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $574.58.

Roper Technologies Price Performance

Shares of ROP stock traded down $7.57 on Monday, reaching $528.26. 726,593 shares of the company were exchanged, compared to its average volume of 497,618. Roper Technologies, Inc. has a 1 year low of $430.03 and a 1 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 business has a 50-day moving average price of $547.13 and a 200 day moving average price of $531.16. The company has a market cap of $56.53 billion, a price-to-earnings ratio of 40.98, a P/E/G ratio of 2.82 and a beta of 0.99.

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, topping the consensus estimate of $4.34 by $0.03. Roper Technologies had a return on equity of 10.63% and a net margin of 22.41%. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the business earned $3.92 EPS. Roper Technologies's quarterly revenue was up 12.7% on a year-over-year basis. Equities research analysts forecast that Roper Technologies, Inc. will post 18.07 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

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 dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, April 4th. Roper Technologies's 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.