ProShare Advisors LLC Has $261.56 Million Holdings in Roper Technologies, Inc. (NYSE:ROP)

ProShare Advisors LLC raised its stake in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 503,136 shares of the industrial products company's stock after purchasing an additional 36,859 shares during the period. Roper Technologies accounts for approximately 0.6% of ProShare Advisors LLC's investment portfolio, making the stock its 22nd biggest position. ProShare Advisors LLC owned approximately 0.47% of Roper Technologies worth $261,555,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. VSM Wealth Advisory LLC bought a new stake in shares of Roper Technologies in the fourth quarter valued at about $26,000. CoreFirst Bank & Trust bought a new stake in shares of Roper Technologies in the fourth quarter valued at about $36,000. Parvin Asset Management LLC bought a new stake in shares of Roper Technologies in the fourth quarter valued at about $39,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Roper Technologies by 7,500.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 76 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 75 shares during the period. Finally, OFI Invest Asset Management bought a new stake in shares of Roper Technologies in the fourth quarter valued at about $38,000. 93.31% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Jason Conley sold 3,000 shares of the company's stock in a transaction that occurred on 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 owns 31,522 shares of the company's stock, valued at $18,540,925.18. This represents a 8.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.78% of the stock is currently owned by insiders.

Roper Technologies Price Performance

Shares of ROP stock traded up $8.48 on Friday, reaching $582.88. The company had a trading volume of 611,447 shares, compared to its average volume of 550,132. The stock has a market capitalization of $62.67 billion, a PE ratio of 40.65, a price-to-earnings-growth ratio of 2.77 and a beta of 1.08. 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 one year low of $499.47 and a one year high of $595.17. The business's 50-day moving average is $565.24 and its 200 day moving average is $556.40.

Roper Technologies (NYSE:ROP - Get Free Report) last posted its earnings results on Monday, April 28th. The industrial products company reported $4.78 EPS 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%. Roper Technologies's revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company earned $4.41 earnings per share. Equities research analysts forecast that Roper Technologies, Inc. will post 19.96 EPS for the current fiscal year.

Roper Technologies Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. William Blair assumed coverage on shares of Roper Technologies in a research report on Monday, May 5th. They issued an "outperform" rating for the company. Barclays reissued an "underweight" rating on shares of Roper Technologies in a research report on Monday, April 28th. JPMorgan Chase & Co. upped their price objective on shares of Roper Technologies from $470.00 to $561.00 and gave the stock a "neutral" rating in a research report on Friday. Stifel Nicolaus cut their price objective on shares of Roper Technologies from $685.00 to $650.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Finally, Royal Bank of Canada upped their price objective on shares of Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 29th. One equities research 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 company. According to MarketBeat, Roper Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $629.18.

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.