Principal Securities Inc. Purchases Shares of 3,792 Roper Technologies, Inc. (NYSE:ROP)

Principal Securities Inc. acquired a new position in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,792 shares of the industrial products company's stock, valued at approximately $2,067,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Beaumont Financial Advisors LLC boosted its holdings in shares of Roper Technologies by 2.5% in the 4th quarter. Beaumont Financial Advisors LLC now owns 832 shares of the industrial products company's stock worth $454,000 after acquiring an additional 20 shares in the last quarter. Jacobi Capital Management LLC raised its position in Roper Technologies by 0.5% in the 3rd quarter. Jacobi Capital Management LLC now owns 4,193 shares of the industrial products company's stock valued at $2,030,000 after purchasing an additional 21 shares during the last quarter. My Legacy Advisors LLC boosted its stake in Roper Technologies by 1.0% in the fourth quarter. My Legacy Advisors LLC now owns 2,129 shares of the industrial products company's stock worth $1,133,000 after purchasing an additional 22 shares in the last quarter. Pinnacle Financial Partners Inc grew its holdings in shares of Roper Technologies by 1.9% during the fourth quarter. Pinnacle Financial Partners Inc now owns 1,158 shares of the industrial products company's stock worth $631,000 after purchasing an additional 22 shares during the last quarter. Finally, Fidelis Capital Partners LLC raised its holdings in shares of Roper Technologies by 2.9% in the fourth quarter. Fidelis Capital Partners LLC now owns 862 shares of the industrial products company's stock valued at $470,000 after buying an additional 24 shares during the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Roper Technologies

In other Roper Technologies news, Director Christopher Wright sold 200 shares of Roper Technologies stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.94% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ROP shares. Raymond James raised their price objective on shares of 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 $525.00 to $530.00 and gave the company a "neutral" rating in a research report on Monday, April 29th. Wells Fargo & Company upped their price target on Roper Technologies from $560.00 to $615.00 and gave the company an "overweight" rating in a research note on Monday, January 22nd. Oppenheimer reiterated an "outperform" rating and issued a $650.00 price objective on shares of Roper Technologies in a research report on Monday, April 29th. Finally, Barclays upped their target price on shares of Roper Technologies from $596.00 to $600.00 and gave the company an "overweight" rating in a research report on Tuesday, April 2nd. Three 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, Roper Technologies has a consensus rating of "Moderate Buy" and an average target price of $584.82.

Roper Technologies Trading Up 0.0 %

NYSE ROP traded up $0.17 during trading on Friday, reaching $523.50. 346,735 shares of the stock traded hands, compared to its average volume of 624,046. The stock's 50-day moving average price is $539.33 and its 200 day moving average price is $534.64. The company has a quick ratio of 0.45, a current ratio of 0.49 and a debt-to-equity ratio of 0.41. The firm has a market cap of $56.04 billion, a price-to-earnings ratio of 29.94, a price-to-earnings-growth ratio of 2.70 and a beta of 1.00. Roper Technologies, Inc. has a fifty-two week low of $441.06 and a fifty-two week high of $565.00.

Roper Technologies (NYSE:ROP - Get Free Report) last released its quarterly earnings data 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 net margin of 23.21% and a return on equity of 10.75%. The business had revenue of $1.68 billion during the quarter, compared to analysts' expectations of $1.65 billion. During the same quarter in the prior year, the company earned $3.90 EPS. The firm's quarterly revenue was up 14.4% on a year-over-year basis. Analysts predict that Roper Technologies, Inc. will post 18.16 EPS for the current year.

Roper Technologies Announces Dividend

The business also recently declared 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 0.57%. The ex-dividend date of this dividend was Thursday, April 4th. Roper Technologies's dividend payout ratio (DPR) is presently 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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