Everence Capital Management Inc. Purchases 1,620 Shares of Roper Technologies, Inc. (NYSE:ROP)

Everence Capital Management Inc. lifted its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 30.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,900 shares of the industrial products company's stock after buying an additional 1,620 shares during the quarter. Everence Capital Management Inc.'s holdings in Roper Technologies were worth $3,762,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. OFI Invest Asset Management acquired a new stake in Roper Technologies in the 3rd quarter valued at about $25,000. Altshuler Shaham Ltd acquired a new stake in Roper Technologies in the third quarter valued at approximately $27,000. Independence Bank of Kentucky acquired a new stake in shares of Roper Technologies during the fourth quarter worth approximately $31,000. Lee Financial Co acquired a new stake in shares of Roper Technologies during the third quarter worth approximately $34,000. Finally, Compass Wealth Management LLC acquired a new position in Roper Technologies in the fourth quarter worth $30,000. Hedge funds and other institutional investors own 93.31% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ROP shares. TD Cowen downgraded shares of Roper Technologies from an "outperform" rating to a "market perform" rating and set a $535.00 price objective for the company. in a report on Thursday, January 4th. Barclays upped their target price on Roper Technologies from $596.00 to $600.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 2nd. Raymond James increased their price objective on Roper Technologies from $572.00 to $620.00 and gave the company a "strong-buy" rating in a research report on Friday, February 2nd. Mizuho increased their price objective on Roper Technologies from $500.00 to $525.00 and gave the stock a "neutral" rating in a research note on Thursday, February 1st. Finally, Wells Fargo & Company raised their target price on Roper Technologies from $560.00 to $615.00 and gave the company an "overweight" rating in a research note on Monday, January 22nd. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Roper Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $574.58.

Roper Technologies Stock Down 0.2 %

Shares of Roper Technologies stock traded down $1.28 on Tuesday, hitting $526.98. The company had a trading volume of 405,315 shares, compared to its average volume of 495,403. The stock has a market capitalization of $56.40 billion, a price-to-earnings ratio of 40.88, a P/E/G ratio of 2.82 and a beta of 0.99. Roper Technologies, Inc. has a 1 year low of $430.03 and a 1 year high of $565.00. The stock has a 50 day moving average of $546.76 and a 200-day moving average of $531.46. 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 (NYSE:ROP - Get Free Report) last released its earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.58 billion. During the same period last year, the business posted $3.92 earnings per share. The business's revenue for the quarter was up 12.7% on a year-over-year basis. As a group, sell-side analysts forecast that Roper Technologies, Inc. will post 18.07 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Friday, April 5th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $3.00 annualized dividend and a dividend yield of 0.57%. Roper Technologies's payout ratio is currently 23.27%.

Insider Buying and Selling at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.94% of the company's stock.

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.