NBW Capital LLC Boosts Stake in Roper Technologies, Inc. (NYSE:ROP)

NBW Capital LLC grew its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 11.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,201 shares of the industrial products company's stock after purchasing an additional 1,481 shares during the period. Roper Technologies makes up 1.7% of NBW Capital LLC's portfolio, making the stock its 20th biggest holding. NBW Capital LLC's holdings in Roper Technologies were worth $7,742,000 at the end of the most recent quarter.

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

Insider Transactions at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of the stock in a transaction that occurred 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 transaction, the director now owns 35,547 shares of the company's stock, valued at approximately $19,540,541.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.94% of the company's stock.

Roper Technologies Trading Up 0.2 %

ROP traded up $0.80 during midday trading on Thursday, reaching $527.27. 477,335 shares of the company's stock traded hands, compared to its average volume of 495,240. The firm has a fifty day moving average of $546.31 and a two-hundred day moving average of $531.43. The stock has a market capitalization of $56.43 billion, a price-to-earnings ratio of 40.91, a P/E/G ratio of 2.78 and a beta of 0.99. 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, Inc. has a 52 week low of $430.03 and a 52 week high of $565.00.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its earnings results on Wednesday, January 31st. The industrial products company reported $4.37 earnings per share (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 firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the company earned $3.92 EPS. The business's revenue was up 12.7% compared to the same quarter last year. On average, equities analysts anticipate that Roper Technologies, Inc. will post 18.07 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ROP. Oppenheimer upped their price objective on Roper Technologies from $580.00 to $650.00 and gave the stock an "outperform" rating in a report on Friday, March 22nd. Raymond James increased their target price on Roper Technologies from $572.00 to $620.00 and gave the company a "strong-buy" rating in a report on Friday, February 2nd. Wells Fargo & Company increased their target price on Roper Technologies from $560.00 to $615.00 and gave the company an "overweight" rating in a report on Monday, January 22nd. Barclays increased their target price on Roper Technologies from $596.00 to $600.00 and gave the company an "overweight" rating in a report on Tuesday, April 2nd. Finally, Mizuho increased their target price on Roper Technologies from $500.00 to $525.00 and gave the company a "neutral" rating in a report on Thursday, February 1st. 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $574.58.

About Roper Technologies

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.