Rafferty Asset Management LLC Boosts Stake in Roper Technologies, Inc. (NYSE:ROP)

Rafferty Asset Management LLC grew its position in Roper Technologies, Inc. (NYSE:ROP - Free Report) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,967 shares of the industrial products company's stock after acquiring an additional 3,426 shares during the quarter. Rafferty Asset Management LLC owned about 0.06% of Roper Technologies worth $31,694,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ROP. Plato Investment Management Ltd grew its stake in shares of Roper Technologies by 41.4% during the fourth quarter. Plato Investment Management Ltd now owns 4,036 shares of the industrial products company's stock valued at $2,106,000 after buying an additional 1,182 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Roper Technologies by 20.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,353 shares of the industrial products company's stock valued at $25,656,000 after acquiring an additional 8,415 shares during the last quarter. Smith Salley Wealth Management increased its stake in Roper Technologies by 1.4% in the fourth quarter. Smith Salley Wealth Management now owns 34,866 shares of the industrial products company's stock worth $18,125,000 after purchasing an additional 481 shares during the period. Oppenheimer & Co. Inc. lifted its position in shares of Roper Technologies by 19.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 6,298 shares of the industrial products company's stock worth $3,274,000 after purchasing an additional 1,021 shares during the last quarter. Finally, Eos Management L.P. boosted its stake in shares of Roper Technologies by 124.9% during the fourth quarter. Eos Management L.P. now owns 8,324 shares of the industrial products company's stock valued at $4,327,000 after purchasing an additional 4,623 shares during the period. 93.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on ROP shares. Raymond James reiterated a "strong-buy" rating and set a $655.00 price objective on shares of Roper Technologies in a report on Monday, April 28th. Mizuho set a $600.00 price target on shares of Roper Technologies in a research note on Friday. TD Cowen raised Roper Technologies from a "hold" rating to a "buy" rating and increased their price objective for the stock from $535.00 to $615.00 in a research note on Tuesday, January 28th. Royal Bank of Canada raised their price objective on Roper Technologies from $694.00 to $695.00 and gave the stock an "outperform" rating in a report on Tuesday, April 29th. Finally, William Blair initiated coverage on Roper Technologies in a report on Monday, May 5th. They issued an "outperform" rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Roper Technologies presently has an average rating of "Moderate Buy" and an average price target of $632.36.

Roper Technologies Stock Down 0.4%

Shares of NYSE ROP traded down $2.26 during mid-day trading on Tuesday, reaching $578.21. 460,313 shares of the company were exchanged, compared to its average volume of 549,708. The firm has a 50-day moving average of $565.52 and a 200 day moving average of $556.80. Roper Technologies, Inc. has a 1 year low of $499.47 and a 1 year high of $595.17. 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 market cap of $62.17 billion, a price-to-earnings ratio of 40.32, a P/E/G ratio of 2.77 and a beta of 1.08.

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

Roper Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders 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 0.57%. Roper Technologies's payout ratio is 23.81%.

Insider Buying and Selling

In other Roper Technologies news, CFO Jason Conley sold 3,000 shares of the firm'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 sale, the chief financial officer now owns 31,522 shares of the company's stock, valued at approximately $18,540,925.18. This trade represents a 8.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.78% of the stock is owned by company insiders.

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.