Wesbanco Bank Inc. Buys 12,209 Shares of Roper Technologies, Inc. (NYSE:ROP)

Wesbanco Bank Inc. grew its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 1,772.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,898 shares of the industrial products company's stock after purchasing an additional 12,209 shares during the period. Wesbanco Bank Inc.'s holdings in Roper Technologies were worth $7,234,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ROP. LGT Group Foundation lifted its position in Roper Technologies by 4.9% in the fourth quarter. LGT Group Foundation now owns 38,979 shares of the industrial products company's stock worth $21,288,000 after buying an additional 1,804 shares during the last quarter. Schwartz Investment Counsel Inc. raised its stake in shares of Roper Technologies by 3.2% in the fourth quarter. Schwartz Investment Counsel Inc. now owns 112,700 shares of the industrial products company's stock valued at $61,441,000 after acquiring an additional 3,500 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of Roper Technologies by 229.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 5,255 shares of the industrial products company's stock worth $2,865,000 after acquiring an additional 3,660 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Roper Technologies by 42.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 14,648 shares of the industrial products company's stock worth $7,986,000 after acquiring an additional 4,334 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Roper Technologies by 4.0% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 305,613 shares of the industrial products company's stock worth $166,611,000 after purchasing an additional 11,744 shares during the period. 93.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ROP has been the topic of a number of analyst reports. Royal Bank of Canada cut their target price on Roper Technologies from $696.00 to $680.00 and set an "outperform" rating on the stock in a research note on Monday. TD Cowen lowered Roper Technologies from an "outperform" rating to a "market perform" rating and set a $535.00 target price on the stock. in a research note on Thursday, January 4th. Oppenheimer reissued an "outperform" rating and set a $650.00 target price on shares of Roper Technologies in a research note on Monday. Barclays raised their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 2nd. Finally, Wells Fargo & Company boosted their price objective on shares of Roper Technologies from $560.00 to $615.00 and gave the company an "overweight" rating in a research report on Monday, January 22nd. 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $579.83.

Insiders Place Their Bets

In other news, Director Christopher Wright sold 200 shares of the business's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $549.71, for a total transaction of $109,942.00. Following the sale, the director now directly owns 35,547 shares of the company's stock, valued at $19,540,541.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.94% of the company's stock.

Roper Technologies Stock Down 0.8 %

Shares of ROP traded down $3.94 during midday trading on Thursday, hitting $510.82. 694,141 shares of the company's stock traded hands, compared to its average volume of 516,983. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $54.68 billion, a price-to-earnings ratio of 37.07, a price-to-earnings-growth ratio of 2.68 and a beta of 1.00. Roper Technologies, Inc. has a 1 year low of $441.06 and a 1 year high of $565.00. The firm's fifty day moving average is $542.19 and its 200-day moving average is $533.72.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 EPS for the quarter, beating analysts' consensus estimates of $4.34 by $0.07. Roper Technologies had a return on equity of 10.75% and a net margin of 23.21%. The company had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.65 billion. During the same period last year, the business posted $3.90 earnings per share. The firm's revenue was up 14.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Roper Technologies, Inc. will post 18.16 earnings per share for the current year.

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Friday, April 5th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $3.00 dividend on an annualized basis and a yield of 0.59%. Roper Technologies's payout ratio is 21.77%.

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.

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