NZS Capital LLC Raises Stock Position in Roper Technologies, Inc. (NYSE:ROP)

NZS Capital LLC grew its stake in shares of Roper Technologies, Inc. (NYSE:ROP - Free Report) by 14.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 130,326 shares of the industrial products company's stock after buying an additional 16,477 shares during the period. Roper Technologies makes up 2.9% of NZS Capital LLC's investment portfolio, making the stock its 10th biggest holding. NZS Capital LLC owned about 0.12% of Roper Technologies worth $67,750,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. VSM Wealth Advisory LLC bought a new position in shares of Roper Technologies during the 4th quarter worth about $26,000. CoreFirst Bank & Trust acquired a new stake in Roper Technologies during the fourth quarter valued at approximately $36,000. OFI Invest Asset Management bought a new stake in shares of Roper Technologies in the 4th quarter valued at approximately $38,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Roper Technologies by 7,500.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock worth $40,000 after buying an additional 75 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new position in shares of Roper Technologies during the 4th quarter worth approximately $45,000. Institutional investors own 93.31% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Raymond James reissued a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a report on Monday. Royal Bank of Canada boosted their price target on shares of Roper Technologies from $694.00 to $695.00 and gave the company an "outperform" rating in a research report on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of Roper Technologies from $465.00 to $470.00 and gave the stock a "neutral" rating in a report on Tuesday. Robert W. Baird boosted their target price on Roper Technologies from $660.00 to $668.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, Truist Financial reissued a "buy" rating and set a $675.00 price objective (up previously from $665.00) on shares of Roper Technologies in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Roper Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $620.91.

Insider Buying and Selling

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $588.19, for a total value of $1,764,570.00. Following the completion of the transaction, the chief financial officer now directly owns 31,522 shares of the company's stock, valued at approximately $18,540,925.18. The trade was a 8.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Brandon L. Cross sold 750 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $577.83, for a total value of $433,372.50. Following the sale, the vice president now directly owns 1,329 shares in the company, valued at approximately $767,936.07. This represents a 36.08 % decrease in their position. The disclosure for this sale can be found here. 0.87% of the stock is owned by insiders.

Roper Technologies Trading Up 1.9 %

NYSE ROP traded up $10.63 during trading hours on Friday, hitting $568.22. The company's stock had a trading volume of 252,882 shares, compared to its average volume of 549,793. Roper Technologies, Inc. has a twelve month low of $499.47 and a twelve month high of $595.17. The firm has a market capitalization of $61.10 billion, a P/E ratio of 39.63, a PEG ratio of 2.77 and a beta of 1.04. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average of $567.24 and a 200 day moving average of $554.72.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The industrial products company reported $4.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.74 by $0.04. Roper Technologies had a return on equity of 10.79% and a net margin of 22.01%. Roper Technologies's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period last year, the company posted $4.41 EPS. Equities research analysts forecast that Roper Technologies, Inc. will post 19.96 earnings per share for the current fiscal year.

Roper Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were given a $0.825 dividend. The ex-dividend date was Friday, April 4th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 0.58%. Roper Technologies's dividend payout ratio is 23.81%.

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.