International Assets Investment Management LLC Increases Holdings in Roper Technologies, Inc. (NYSE:ROP)

International Assets Investment Management LLC increased its position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 63,186.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 53,161 shares of the industrial products company's stock after acquiring an additional 53,077 shares during the quarter. International Assets Investment Management LLC's holdings in Roper Technologies were worth $28,982,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of ROP. Vanguard Group Inc. lifted its holdings in shares of Roper Technologies by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 9,782,155 shares of the industrial products company's stock valued at $4,737,302,000 after acquiring an additional 100,621 shares in the last quarter. Principal Financial Group Inc. increased its stake in Roper Technologies by 1.7% during the 3rd quarter. Principal Financial Group Inc. now owns 2,528,982 shares of the industrial products company's stock worth $1,224,736,000 after buying an additional 42,962 shares during the period. Northern Trust Corp increased its stake in Roper Technologies by 5.0% during the 3rd quarter. Northern Trust Corp now owns 1,137,241 shares of the industrial products company's stock worth $550,743,000 after buying an additional 54,396 shares during the period. Invesco Ltd. increased its stake in Roper Technologies by 1.0% during the 3rd quarter. Invesco Ltd. now owns 1,033,556 shares of the industrial products company's stock worth $500,531,000 after buying an additional 9,846 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Roper Technologies by 2.7% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 735,247 shares of the industrial products company's stock worth $356,065,000 after buying an additional 19,639 shares during the period. Institutional investors and hedge funds own 93.31% of the company's stock.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of the stock in a transaction dated 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 owns 35,547 shares of the company's stock, valued at approximately $19,540,541.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.94% of the stock is owned by insiders.

Roper Technologies Price Performance

Shares of NYSE:ROP traded up $6.39 during midday trading on Friday, reaching $517.21. 1,067,608 shares of the company's stock were exchanged, compared to its average volume of 573,615. The firm has a market capitalization of $55.36 billion, a PE ratio of 37.53, a price-to-earnings-growth ratio of 2.68 and a beta of 1.00. The company's 50 day simple moving average is $541.39 and its two-hundred day simple moving average is $533.82. Roper Technologies, Inc. has a 12 month low of $441.06 and a 12 month high of $565.00. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49.

Roper Technologies (NYSE:ROP - Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The industrial products company reported $4.41 earnings per share 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 firm had revenue of $1.68 billion for the quarter, compared to analysts' expectations of $1.65 billion. During the same period in the prior year, the business posted $3.90 earnings per share. The business's revenue was up 14.4% compared to the same quarter last year. Equities research analysts expect that Roper Technologies, Inc. will post 18.16 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies's payout ratio is 21.77%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Oppenheimer reissued an "outperform" rating and issued a $650.00 target price on shares of Roper Technologies in a research report on Monday, April 29th. Raymond James upped their price target 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. Wells Fargo & Company boosted 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. Royal Bank of Canada lowered 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, April 29th. Finally, Barclays upped their price target on Roper Technologies from $596.00 to $600.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 2nd. Three research 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 stock. According to MarketBeat, Roper Technologies has an average rating of "Moderate Buy" and a consensus price target of $584.82.

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.