RWA Wealth Partners LLC Has $2.45 Million Stock Holdings in Roper Technologies, Inc. (NYSE:ROP)

RWA Wealth Partners LLC lifted its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 853.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,498 shares of the industrial products company's stock after purchasing an additional 4,026 shares during the period. RWA Wealth Partners LLC's holdings in Roper Technologies were worth $2,452,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ROP. OFI Invest Asset Management acquired a new stake in shares of Roper Technologies in the third quarter valued at about $25,000. Altshuler Shaham Ltd purchased a new position in Roper Technologies during the 3rd quarter valued at about $27,000. Independence Bank of Kentucky purchased a new position in Roper Technologies during the 4th quarter valued at about $31,000. Wetzel Investment Advisors Inc. purchased a new position in Roper Technologies during the 4th quarter valued at about $31,000. Finally, Lee Financial Co purchased a new position in Roper Technologies during the 3rd quarter valued at about $34,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Stock Down 0.3 %

Shares of NYSE ROP traded down $1.61 during trading on Wednesday, reaching $538.01. 620,649 shares of the stock were exchanged, compared to its average volume of 500,411. The business's 50-day moving average price is $545.58 and its 200 day moving average price is $533.12. Roper Technologies, Inc. has a twelve month low of $430.03 and a twelve month high of $565.00. The company has a quick ratio of 0.46, a current ratio of 0.50 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $57.58 billion, a price-to-earnings ratio of 41.74, a price-to-earnings-growth ratio of 2.84 and a beta of 0.99.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its earnings results on Wednesday, January 31st. The industrial products company reported $4.37 EPS 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 business had revenue of $1.61 billion for the quarter, compared to analysts' expectations of $1.58 billion. During the same period in the previous year, the company posted $3.92 earnings per share. The business's revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, equities analysts forecast that Roper Technologies, Inc. will post 18.08 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Friday, April 5th were paid a $0.75 dividend. The ex-dividend date was Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.56%. Roper Technologies's dividend payout ratio (DPR) is presently 23.27%.

Analyst Ratings Changes

ROP has been the subject of several recent research reports. Wells Fargo & Company raised their target price on shares of Roper Technologies from $560.00 to $615.00 and gave the company an "overweight" rating in a report on Monday, January 22nd. Raymond James lifted their price target on shares of Roper Technologies from $572.00 to $620.00 and gave the stock a "strong-buy" rating in a report on Friday, February 2nd. Royal Bank of Canada lifted their price target on shares of Roper Technologies from $620.00 to $622.00 and gave the stock an "outperform" rating in a report on Thursday, February 1st. Oppenheimer lifted their price target on shares of Roper Technologies from $580.00 to $650.00 and gave the stock an "outperform" rating in a report on Friday, March 22nd. Finally, Barclays lifted their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an "overweight" rating in a report on Tuesday, April 2nd. Four equities research 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. According to data from MarketBeat.com, Roper Technologies has an average rating of "Moderate Buy" and a consensus price target of $574.58.

Insider Buying and Selling

In related news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction 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 completion of the sale, the director now owns 35,547 shares in the company, valued at $19,540,541.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.