Roper Technologies, Inc. (NYSE:ROP) Shares Bought by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. grew its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 2.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 144,093 shares of the industrial products company's stock after purchasing an additional 3,955 shares during the period. Johnson Investment Counsel Inc. owned approximately 0.13% of Roper Technologies worth $78,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. AGF Management Ltd. increased its position in Roper Technologies by 470.3% during the fourth quarter. AGF Management Ltd. now owns 6,798 shares of the industrial products company's stock worth $3,706,000 after purchasing an additional 5,606 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Roper Technologies by 39.5% during the 4th quarter. BNP Paribas Financial Markets now owns 172,797 shares of the industrial products company's stock worth $94,204,000 after buying an additional 48,932 shares during the last quarter. MPS Loria Financial Planners LLC purchased a new stake in shares of Roper Technologies during the 4th quarter valued at approximately $224,000. VisionPoint Advisory Group LLC acquired a new position in Roper Technologies in the fourth quarter valued at approximately $32,000. Finally, Mount Lucas Management LP purchased a new position in Roper Technologies in the fourth quarter worth approximately $2,751,000. Institutional investors and hedge funds own 93.31% of the company's stock.

Roper Technologies Stock Up 0.0 %

NYSE:ROP traded up $0.17 during midday trading on Friday, reaching $523.50. The company had a trading volume of 346,738 shares, compared to its average volume of 618,508. The stock's fifty day simple moving average is $538.84 and its 200-day simple moving average is $535.33. The company has a current ratio of 0.49, a quick ratio of 0.45 and a debt-to-equity ratio of 0.41. Roper Technologies, Inc. has a 12-month low of $441.06 and a 12-month high of $565.00. The firm has a market capitalization of $56.04 billion, a price-to-earnings ratio of 37.99, a PEG ratio of 2.75 and a beta of 1.00.

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

Roper Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Friday, April 5th were issued 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 0.57%. Roper Technologies's payout ratio is 21.77%.

Insider Transactions at Roper Technologies

In other news, Director Christopher Wright sold 200 shares of the company's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $549.71, for a total transaction of $109,942.00. Following the completion of the transaction, the director now directly owns 35,547 shares of the company's stock, valued at approximately $19,540,541.37. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.94% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on ROP. Royal Bank of Canada decreased their price target 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. Barclays boosted their price target on shares of Roper Technologies from $596.00 to $600.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. Raymond James increased their price objective on shares of Roper Technologies from $572.00 to $620.00 and gave the stock 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 report on Monday, January 22nd. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $650.00 price objective on shares of Roper Technologies in a research note on Monday, April 29th. 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's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $584.82.

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.