OMERS ADMINISTRATION Corp Grows Position in Roper Technologies, Inc. (NYSE:ROP)

OMERS ADMINISTRATION Corp boosted its holdings in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 336.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 16,146 shares of the industrial products company's stock after buying an additional 12,450 shares during the period. OMERS ADMINISTRATION Corp's holdings in Roper Technologies were worth $8,393,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Manchester Capital Management LLC boosted its position in shares of Roper Technologies by 1.6% in the fourth quarter. Manchester Capital Management LLC now owns 1,139 shares of the industrial products company's stock worth $592,000 after buying an additional 18 shares during the period. Oxford Financial Group LTD. LLC grew its stake in shares of Roper Technologies by 3.1% during the 4th quarter. Oxford Financial Group LTD. LLC now owns 594 shares of the industrial products company's stock worth $309,000 after acquiring an additional 18 shares in the last quarter. Meridian Financial Partners LLC lifted its holdings in Roper Technologies by 1.0% during the 4th quarter. Meridian Financial Partners LLC now owns 2,052 shares of the industrial products company's stock valued at $1,067,000 after purchasing an additional 20 shares during the last quarter. Principal Securities Inc. lifted its holdings in shares of Roper Technologies by 0.5% during the fourth quarter. Principal Securities Inc. now owns 4,291 shares of the industrial products company's stock worth $2,231,000 after buying an additional 20 shares in the last quarter. Finally, Exchange Capital Management Inc. grew its position in Roper Technologies by 0.7% in the fourth quarter. Exchange Capital Management Inc. now owns 2,744 shares of the industrial products company's stock valued at $1,426,000 after acquiring an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 93.31% of the company's stock.

Insiders Place Their Bets

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of Roper Technologies stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $588.19, for a total value of $1,764,570.00. Following the sale, the chief financial officer now directly owns 31,522 shares in the company, valued at approximately $18,540,925.18. The trade was a 8.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ROP. Barclays reaffirmed an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. Mizuho set a $600.00 price target on Roper Technologies in a report on Friday. Stifel Nicolaus cut their price target on Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Oppenheimer reaffirmed an "outperform" rating and issued a $640.00 price objective on shares of Roper Technologies in a research note on Monday, April 28th. Finally, Raymond James restated a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Roper Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $632.36.

Roper Technologies Price Performance

Shares of NYSE:ROP traded down $2.34 during trading on Monday, hitting $580.54. 145,297 shares of the company were exchanged, compared to its average volume of 643,737. The company has a quick ratio of 0.37, a current ratio of 0.40 and a debt-to-equity ratio of 0.35. Roper Technologies, Inc. has a 1-year low of $499.47 and a 1-year high of $595.17. The company has a market capitalization of $62.42 billion, a P/E ratio of 40.48, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. The business's 50 day moving average is $565.24 and its 200-day moving average is $556.53.

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

Roper Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were paid a $0.825 dividend. This represents a $3.30 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Friday, April 4th. Roper Technologies's payout ratio is currently 23.81%.

Roper Technologies Company 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.